Tariffs, Service Fees and Charges

Note: BPI International Finance Limited (the “Company” or ”BPI IFL”), a wholly owned subsidiary of Bank of the Philippine Islands ("BPI") has prepared this fees and charges schedule as accurate as possible to the best of its ability, but there may be certain tariffs, service fees and charges which are not included in this document. Details are available upon client’s request. Information contained herein are for reference only and the Company reserves the right to revise the tariffs, service fees and charges from time to time.

Updated as of February 22, 2022

Time Deposits	Terms/Fees/Charges
Minimum Time Deposit Balance	HKD 100,000.00, or equivalent foreign currency
Minimum Tenor	3 Months
Below Minimum Balance	Not Allowed
Below Minimum Tenor	Not Allowed
Early Termination Fee¹	In the event of Early Termination of a Time Deposit, the Company shall: 1. Charge the Customer a fee of 0.5% on the principal of the Time Deposit or USD 100, whichever is higher; and 2. Deduct all interest accrued to the Time Deposit from the placement date of the current term of the Time Deposit.

Loan Facility

Terms/Fees/Charges

Drawdown Fee

USD 50.00 (If proceeds are to be credited to client’s BPI account)

USD 100.00 (If proceeds are to be credited to client’s account with another bank)

Early Loan Repayment

0.25% of principal loan repayment amount, or USD 1,000.00, whichever is higher

Foreign Exchange Service	Terms/Fees/Charges
FX Conversion Fee² ³	Waived

Inward Wire Transfer	Terms/Fees/Charges
Inward Wire Transfer Charge	Waived

Outward Wire Transfer	Terms/Fees/Charges
Transfer charge to account with BPI which is not the nominated settlement account	USD 25.00, or equivalent in foreign currency
Transfer to non-BPI account
Handling Fee	USD 50.00
Cable Charge	USD 50.00

Crediting and Settlement of Loans and Time Deposit	Terms/Fees/Charges
Service charge for crediting to nominated settlement account of:
Time Deposit Maturity	Waived
Time Deposit interest	Waived
Loan Drawdown	Waived

Charges for Other Ancillary Services	Terms/Fees/Charges
Certification of Deposits	USD 10.00 per request
Copies of Statement or Advice Record	USD 10.00 per copy
Audit Confirmation Request	USD 50.00 per request

Account Management	Terms/Fees/Charges
Standard Custody Fees⁴	0.25% per annum
Minimum Balance⁵	Waived
Below Minimum Balance Fee	Waived
Late Payment or Account Overdraft Charges	5% per annum

Minimum Trading Lots and Sizes⁶	Terms/Fees/Charges
Credit Securities/Fixed Income/Bonds	Subject to the minimum trading piece (and increments) of the specific security, or USD 100,000.00, whichever is higher
Equities/Common Stocks	USD 25,000.00
Collective Investment Schemes	USD 10,000.00

Charges related to crediting and/or settlement of coupons, dividends, sales and redemption proceeds	Terms/Fees/Charges
To nominated BPI settlement account	Waived
To BPI account which is not the nominated settlement account	USD 25.00, or equivalent in foreign currency
Outward wire transfer to other Banks/FIs
Handling Fee	USD 50.00
Cable Charge	USD 50.00

Securities Transfer	Terms/Fees/Charges
Transfer-In Service Charge	Waived
Transfer-Out Service Charge	Waived, except for 3rd party charges incurred
Corporate Actions
Participation in Voluntary Corporate Actions with Cash Consideration	Waived

Credit Securities/ Fixed Income/ Bonds

Trade-related Services	Terms/Fees/Charges
Fees & Commissions for Buying and Selling of Credit Securities⁷	None
Tax⁸	Subject to specific requirement of relevant security

US Stock Exchange

Trade-related Services		Terms/Fees/Charges
Fees & Commissions for Buying and Selling of US Equity Securities	Share price of less than USD 25.00	The greater of USD 50 or 0.15% of total notional amount
	Share price of USD 25.00 or higher	USD 50 for the first 1000 shares and USD 0.04 per share thereafter
SEC imposed fee on sell transactions		Subject to US Securities Exchange Commission latest rules and charges
Tax⁸		Subject to specific requirement of relevant stocks/common shares

Hong Kong Stock Exchange

Trade-related Services	Terms/Fees/Charges
Fees & Commissions for buying and Selling of HK Equity Securities	The greater of HKD 390 or 0.15% of total notional amount
Stamp Duty⁹	0.13% of the transaction amount (rounded up to the nearest HK Dollar)
Transaction Levy¹⁰	0.0027% of the transaction amount for each transaction
Trading Fee¹¹	0.005% of the amount for each transaction
FRC Levy¹²	0.00015% of the transaction amount (rounded to the nearest cent)
Tax⁸	Subject to specific requirement of individual stocks

Other Stock Exchange

Trade-related Services	Terms/Fees/Charges
Fees & Commissions for buying and Selling of Equity Securities	The greater of USD 50 or equivalent or 0.15% of total notional amount
Tax⁸ and other Transaction Fees	Subject to specific requirement of individual stocks, latest rules and charges

Collective Investment Schemes (CIS)

Fees charged by BPI IFL to the Client	Terms/Fees/Charges
Front-End Fees / Initial Load¹³	Up to 1.50%, or as otherwise stated in instruction / subscription / placement or other related documents

Fees charged by the Fund Management Company to the Client¹⁴	Terms/Fees/Charges
Management Fees	As stated in the Product Information Sheet (PIS) of each specific investment product
Custodian Fees
Performance Fees
Administration Fees
Distribution Fees

Fees paid by the Fund Management Company to BPI IFL	Terms/Fees/Charges
Retrocession Fees¹⁵	Up to 60% of fund management fee, or as otherwise stated in instruction / subscription / placement or other related documents

Portfolio Management	Terms/Fees/Charges
Standard Management Fee	0.25% per annum

1. Early termination occurs when the client wishes to withdraw the funds earlier than the agreed upon maturity date of the time deposit. Early termination is only permitted for time deposits upon satisfaction of all the criteria below:
a. Original term is in excess of three (3) months;
b. Early termination date is not less than three (3) months from the initial placement date of the time deposit;
c. Early termination is subject to standard early termination penalties and charges; and
d. Subject to the approval/consent of BPI International Finance Limited.

2. Foreign Currency conversion available only in major currencies (USD, EUR, GBP and AUD), including HKD and PHP. Foreign Exchange service applicable only to existing deposits or securities maintained with the Company.

3. Excludes conversion from PHP to other currencies (e.g. client buying USD using PHP).

4. For all securities (with fixed interest or coupon payments dates, without fixed interest payment dates such as common stocks and collective investments schemes), based on the market value of the relevant Security Holdings payable at quarter-end, or unless specified in a different client agreement.

5. Based on aggregate holdings per GSA valued at market value for credits/bonds/fixed income securities, equity securities and collective investment schemes.

6. Applies to both purchase/subscription and sale/redemption of securities.

7. The Company does not charge trading fees or commissions. It may however, make trading profits from its trading activities. Where the Company enters into a Back-to-Back transaction (i.e. purchase/sell from/to a counterparty and sell/purchase to/from the client without taking any market risk) concerning a specific security, the maximum trading profit shall not be more than 0.50% of the client’s total investment amount.

8. The client is reminded to seek independent tax advice as the Company does not act nor shall act as a tax advisor. The client is solely responsible and/or liable for any or all associated taxes of any relevant jurisdiction, country, government or regulatory body.

9. Charge collected for the HKSAR government. Not applicable to Exchange Traded Funds (ETFs). Subject to change without prior notice.

10. Charge collected for the Securities and Futures Commission (SFC). Subject to change without prior notice.

11. Charge collected for the Hong Kong Exchanges and Clearing Limited (HKEX). Subject to change without prior notice.

12. Charge collected for the Financial Reporting Council. Subject to change without prior notice.

13. Applicable to fund subscriptions only. The Front-end Fees/Initial Load is applicable to the aggregate subscription amount of the GSA on the relevant trade date.

14. The relevant fund management company deducts the fees from the relevant fund(s). Please refer to the offering document of the relevant fund(s) for fee details. There is no actual cash outflow by the client. This, however, reduces fund performance.

15. BPI IFL will receive retrocession fees from the fund management company as a percentage of the relevant fund's annual management fees as ongoing commission every year throughout the term of client's investment. There is no actual cash outflow by the client. This, however, reduces fund performance.

BPI IFL authorized by the Hong Kong Monetary Authority (“HKMA”) as a Deposit-Taking Company and registered with the Securities and Futures Commission (“SFC”) to undertake Dealing in Securities, Advising in Securities and Asset Management (CE AAJ382).