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Broker Trustees Fee

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gbarnard0
Occasional Contributor

Broker Trustees Fee

Probably a bit behind but I saw this for the first time on my 3 month cash history.

What is it?

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7 REPLIES
Jetman1
New Contributor

Re: Broker Trustees Fee

Hi

I mailed ost 3 days ago about the same question and i have not received a answer yet.

Mine started going of in 2015 already.

I can not find a explenation in there cost structure.This seem like a story for money web

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Dineo_T
Contributor

Re: Broker Trustees Fee

Hi guys,

 

The broker trustee fee is also known as the 'SBG Sec Fee'. This is the fee that's charged on the interest you receive ont he cash portion of your OST account that earns interest. When you have  a certain amount of cash in your account - it acts as a money market account and you earn interest on that cash balance.

 

If you go to the OST landing page, click Fees & Costs, scroll down to Money Market Account then click on minimum net balance, you'll be able to get a breakdown of the cost.

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gbarnard0
Occasional Contributor

Re: Broker Trustees Fee

Thanks Dineo but I still cannot find the breakdown.

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gbarnard0
Occasional Contributor

Re: Broker Trustees Fee

Can you send me the path?

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Dineo_T
Contributor
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coolwaters
Occasional Contributor

Re: Broker Trustees Fee

This securities.standardbank.co.za page can’t be found

No webpage was found for the web address:https://securities.standardbank.co.za/ost/nsp/FrontOfficePublic/legacy/onlinereg/moneyMark.asp 

HTTP ERROR 404
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coolwaters
Occasional Contributor

Re: Broker Trustees Fee

Sorry, managed to open the link now, thanks.

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