Notification: New edition of the Terms and Conditions of rendering investment services and amendments in tariffs of AS KIT Finance Europe

Dear Clients!
Hereby we inform you that starting from 1st February 2017 new edition of the Terms and conditions of rendering investment services as well as amendments in tariffs of AS KIT Finance Europe shall be enforced. We have launched new opportunities for trading and improved some fees.

Investment advice
New edition of the Terms and conditions of rendering investment services (hereinafter – the Terms and Conditions) defines the provision of investment advisory services for Clients within which Appendix No. 4C (“Suitability and appropriateness test”) is also added.
OTC REPO
The OTC REPO transactions have been simplified. No separate additional agreement is needed any more. All the features of this service are described in the Appendix No. 13 of the Terms and Conditions.
FX trades from 1 currency unit and reduced rates
Due to increased number of available currency instruments (the list has been enlarged to 81 currency pairs), and opened access to OTC currency market, Chapter 9 of the Terms and Conditions has been amended. Starting from 1st February 2017 the minimum lot for many instruments (not related to Russian ruble) shall be 1 currency unit (for instance, EUR/USD – 1 USD). We have also amended the tariffs and considerably lowered the rates for more profitable customer transactions.
Reduced Margin lending rates in foreign currency
A significant decrease in interest rates charged for margin trades in USD, EUR and other currencies other than RUB has been implemented. Starting from 1st February 2017 the interest rate charged for AS KIT Finance Europe’s cash loans in EUR, USD and other currencies (except RUB) will be 6,9%, while the interest rate charged for securities loans in currency other than RUB will be 8% per annum .
CFD contracts on TWS trading platform
Trading in CFD contracts is now available for Clients via TWS trading platform. Please inform customer support about your inquiry and we will quickly provide access to these instruments.
Reduced commission for obtaining QUIK for free
We have decreased commission threshold to 100 USD for individual clients, which grants the right to receive international QUIK trading platform for free. iQUIK and QUIK Android mobile applications have become more affordable and are provided for free in case the main QUIK trading platform is already in use.
Russian Federation tax legislations
Due to changes in the Russian Federation tax legislations, and in order to facilitate your tax benefit claims, you will be required to provide to KIT Finance Europe additional documents listed in the Appendix No. 3 of the Terms and Conditions.
If you act in favor of the third parties, the requested documents are to be provided on the name of the end income recipient (beneficiary).
Please be aware that these changes will take effect from 1st January 2017 and in absence of the additional documents Russian tax agent will charge and withhold the amount of tax at a maximum rate implied by the Tax Code of Russian Federation.
Additional changes
We have unified and corrected tariff rates for trading operations. Unfortunately, we had to increase certain rates, although it shall be balanced by a reduction in minimum commissions charged as well as by a significant decrease in interest rates charged for marginal trading.
Changes in securities safekeeping tariff algorithm have been made. Rates are unchanged, but calculations will be carried out on a daily basis based on nominal (rather than market) value of securities for debt instruments.
We have also performed other modifications aimed at improving the quality of services, protecting the Clients and enhancing the transparency of instruments offered by AS KIT Finance Europe. We have changed legal proceedings place in case of conflict situation (section 20 of Terms and Conditions). These conditions apply to new customers and current customers that have signed the relevant additional agreement to contract.
New edition of the Terms and Conditions and tariffs can be found on our website www.kfe.ee in the section documents.
In case of additional questions or concerns, please do not hesitate to contact our client support service via clients@kfe.ee
We highly appreciate your cooperation. We wish you a Merry Christmas and a Happy New Year!

Sincerely yours,
AS KIT Finance Europe