Notification of changes in Terms and Conditions as well as Tariffs of AS KIT Finance

Dear Clients!

We highly appreciate your co-operation with AS KIT Finance Europe.

We have updated our Terms and Conditions of Rendering Investment Services with the following changes:

• Added new terms and definitions: AML/CFT and respondent institution
• Added clause 5.21 about correspondent relationships
• Added clause 7.30 on Investment Firm rights to reject execution of a trade order
• Added clause 10.1 on REPO trade execution for professional and eligible counterparties only
• Added clause 14.5 on Investment Firm rights to reject non-trade operations
• Modified clause 22.6 on funds and assets withdrawals after termination of the Client’s contract and fines for late withdrawals
  
  We have also updated tariffs of KIT Finance Europe with the following changes:

• Moscow Exchange (MOEX, Russia) is now available in “TWS” tariff
• Maintenance fee for suspended nominee/asset management account is introduced
• Amendment of fee for execution of orders on London Metal Exchange (LME)
• Changes in commission for crypto currencies deposits, withdrawals and safekeeping
• Amendment of fee for processing of trade, non-trade or other orders sent by fax, email or in paper form
• Electronic execution of cryptocurrencies via QUIK trading terminal is no longer available (only voice execution)
• Postal services fee is introduced 
• Funds withdrawal is now available in currencies other than RUB, USD and EUR (each request is individually reviewed)

Changes in tariffs will come into force on 01.07.2020.
Updated version of Tariffs as well as other documents of AS KIT Finance Europe can be found on the Company’s website www.kfe.ee in the «Documents» section.
Should you have additional questions or concerns, please do not hesitate to contact Client Management Department via clients@kfe.ee

Best regards,
KIT Finance Europe
www.kfe.ee