Ann: DTC Election process, page-66

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Yjzl

2 Posts.

08/11/23

06:50

Post #: 70776237
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Originally posted by pJo9999: ↑

With respect to the IB fees. You should assume you'll be on the Fixed price - I'm not sure who gets on the tiered, but by the look of it people a lot richer than me. I don't _think_ anyone here is going to be trading over 300,000 CREV shares per month!

On the fixed tier you will pay US$0.005 per share with a minimum of $1. That's half a cent per share.

On 200 CREV that's US$1. With NAB that same trade would be around $30 or so (depending on CREV price, but assuming it comes to over $20k. IB is definitely cheaper. Further, exchanging the US$ to A$ is cheaper with IB than anywhere else I could find.

My actual experience was that the commission was slightly higher. On an expected US$2.60 commission I seemed to actually pay $3.22. I did not investigate why as it is a trivial amount either way.

My reading of the "1% max" is that that is the most you will pay. That would presumably be if you were selling shares under US 50c/share. Let's hope we're not ever in that position with CREV. But note if we sold 1000 shares at 50c/share, the max 1% would be $5. NAB would be $9.95.

If you sign up with IB, please use my referral link. I get money, you get some free shares in IB.

https://ibkr.com/referral/patrick4257 As for the DWAC, mine has not been rejected, but it has not been completed either. I have my fingers crossed for tomorrow.

Also note however, IB does have a fee of US$100 for a successful DWAC (failed DWACs are free). I have no idea what other brokers charge for this.

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Hi, Ive also requested a DWAC through IBKR, it's asking for proof of purchase but there's no way to actually upload any documents for me. Will call them today to try work it out.

if you have had any luck please let me know!

CBR Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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Ann: DTC Election process, page-66

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