Account Types & Commissions

1. In the event that the Client requests to terminate from the FDIC Cash Management Program and/or Fully Paid Securities Lending Program in which the Client is automatically enrolled within the scope of the agreement, after the request is processed, the monthly average of the asset totals on a daily basis is calculated by Tacirler Investment and the custody fee with a monthly calculation rate of 3 per ten thousand is debited to the Client's current account in TL on a monthly basis.

2.The US Securities and Exchange Commission (SEC) Fee is a notinal fee, other than related brokerage commissions, added to the sale of equities, Exchange Traded Funds and American Depositary Receipts traded on US exchanges and ultimately borne by investors. It is a regulatory fee charged by the SEC to cover the costs of supervising and regulating companies. The SEC fee is defined in Section 31 of the Securities Exchange Act of 1934 and is therefore often referred to as the Section 31 Transaction Fee. The SEC announced that starting May 22, 2024, the fee rate for most securities sales transactions will be set at US$27.80 per million dollars. This fee will always be charged at least $0.01. The Commission will issue additional notices, where appropriate, to inform the public of developments regarding fees under Section 31. These notices will be posted on the SEC's website at http://www.sec.gov. The Client agrees, represents and warrants that he/she will monitor these notices on the SEC's website at http://www.sec.gov and that he/she will monitor his/her monthly account statement provided by his/her international investment institution for the current regulatory fees that will be reflected on his/her sell side transactions due to the changes.

3.The Trading Activity Fee (TAF Fee) is a regulatory fee charged by Financial Industry Regulatory Authority (FINRA) to cover the costs of supervising and regulating brokerage firms. It applies to all sell side transactions of equities, Exchange Traded Funds and American Depositary Receipts. The fee is based on the number of units sold, which is $0.000166 per share, with a maximum fee of $8.30. Clients are always charged at least $0.01. Customer, FINRA's From  accept, declare and undertake that it will follow the changes and will follow the current legal fees that will be reflected on the sales transactions due to the changes from the monthly account statement provided by U.S. execution broker

4.American Depository Receipts (ADR) fees, the amount per share varies according to the ADR.  For example, for 1000 ADRs, it may be assessed a fee ranging from 20 to 50 USD. Investors may register ADRs on Form F-6 under the Securities Act of 1933, available on the SEC's website at http://www./sec.gov/edgar.html. ADR fees can be viewed in the section of the registration statement generally titled "American Depositary Share Disclosure" or "American Depositary Receipt Disclosure". The websites of depository banks operating in the United States also contain information about investing in ADRs and serve as a source of information for investors. Custody of American Depositary Shares (ADSs) may be charged 1 to 4 times per year by the U.S. depository bank that issues and cancels ADRs. Please refer to the relevant ADR prospectus for information on ADR Fees. The Client agrees, represents and warrants that it will monitor the ADR fees from the ADR prospectus and will monitor the current ADR fees due to changes in the ADR fee by the depositary on the monthly account statement provided by U.S. self-clearing or execution broker.  For more information on ADRs, see the SEC's ADR Investor Bulletin.

5.Low-Priced Securities refers to securities traded on US stock exchanges with a price below $1.00. For buy and sell side transactions over 300 shares in low-priced securities, an additional commission fee of USD 0.005 per share is applied in addition to the current commission tariff in commission pricing. In the event that the relevant exchange changes the low-priced securities trading fees, the updated fees will be reflected in the client account. The Client accepts, declares and undertakes that he/she will follow the transaction fees on the trading platform before sending the order and after sending the order in the transaction history or in the monthly account statement provided by U.S. execution broker

6.For orders to be placed through the dealer via telephone for emergencies, only notional (amount) orders are accepted.

7.Outgoing USD Wire Transfers can only be made to foreign currency deposit accounts opened on behalf of the customer at contracted banks. You can see the correspondent banks in the money transfers tab on the trading platform. Tacirler Investment reserves the right to change the wire transfer fee tariff for Outgoing USD Wire Transactions.

8.Swift transactions are made to foreign currency deposit accounts opened in the relevant bank on behalf of the customer. Transfer transactions are not made to third party accounts.

9.Automatic Client Account Transfer (ACAT) is the transfer of securities from one account at different bank or brokerage firms to another.  This transfer can be done for any security or derivative; stocks, bonds, options and futures can be transferred through ACAT. 10 DTC is used by a designated depositary bank to deposit a company's daily certificates from multiple locations. Depository transfer control is a way to provide better cash management for companies that collect cash from multiple locations.

10.Deposit/withdrawal at custodian (DWAC) is a method of electronically transferring new stock or share certificates to the Depository Trust Company (DTC) using the Fast Automated Securities Transfer (FAST) service transfer agent as the delivery point.

11.The Direct Registration System (DRS) is a system that allows the direct electronic registration of securities on behalf of an investor directly on the books for the transfer agent or issuer and allows shares to be transferred electronically between a transfer agent and a broker-dealer.