Costs related to equity derivative trading
When you trade equity derivatives, there are transaction fees for entering and closing the position.
When entering a derivatives trade, a brokerage fee is paid to the bank (see brokerage fees). For exchange-traded derivatives, a trade and/or clearing fee is also paid. On top of that, there is an interest margin for products where the bank finances the exposure on behalf of its customer in an equity derivative. The interest margin is included in the price of the equity derivative and depends on the product’s duration. These costs are paid when the trade is made.
There are no ongoing costs associated with these products.
Index Futures
Costs Index futures (e.g. OBX/OMX) Derivatives | |
|---|---|
Brokerage fee | 0.50 % Minimum NOK 500 |
Trading fee1 | NOK 2.10 |
Clearing fee1 | NOK 1.90 |
Clearing fee for trades1 | NOK 3.00 |
Clearing fee for redemptions1 | NOK 4.00 |
1: See summary of costs for Nasdaq Read more about how costs are calculated, with examples (PDF, Norwegian) Prices valid from 9 September 2024 | |
Index Options
Costs for index options (e.g. OBX, OMX) | |
|---|---|
Brokerage | 3 % Minimum NOK 500 |
Trading fee1 | NOK 1.50 |
Clearing fee for trades1 | NOK 3.00 |
Clearing fee for redemptions1 | NOK 3.50 |
1: See summary of costs for Nasdaq Read more about how costs are calculated, with examples (PDF, Norwegian). Prices are valid from 9 September 2024 | |
Single Stock Futures
Single Stock Futures - Cash Derivatives | |
|---|---|
Brokerage fee | 0.50 % Minimum NOK 500 |
Trading fee1 | NOK 1.20 |
Clearing fee for trades2 | NOK 1.00 |
Clearing fee for redemptions3 | NOK 4.00 |
1: The trading fee shall be a maximum of NOK 1,800 per contract note 2: Clearing fees for trading shall be a minimum of NOK 500 and a maximum of 5,000 per contract note 3: The clearing fee for redemption shall be a maximum of NOK 3,000 per contract note See also a summary of costs for Nasdaq. Read more about how costs are calculated, with examples (PDF, Norwegian). The prices are valid from 9 September 2024 | |
Exchange Traded Stock Options
Exchange Traded Stock Options Derivatives | |
|---|---|
Brokerage fee | 3 % Minimum NOK 500 |
Trading fee1 | NOK 2.70 |
Clearing fee for trades2 | NOK 1.20 |
Clearing fee for redemptions3 | NOK 4.50 |
1: Trade fees shall be a maximum of 1 per cent of revenue. 2: The trading fee shall be a maximum of NOK 10,000 per contract note 3: Trade clearing fees shall not exceed NOK 6,000 per contract note See also a summary of costs for Nasdaq. Read more about how costs are calculated, with examples (PDF, Norwegian). Prices are valid from 9 September 2024 | |
Forwards and Futures (OTC)
OTC Stock forwards and Stock options Derivatives | |||||||
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1: In addition to DNB’s funding cost for the same term as the forward. The interest cost is baked into the price for the customer. Read more about how the costs are calculated, with examples (PDF, Norwegian) The prices are valid from 9 September 2024 | |||||||
Total Return Swaps
Total Return Swaps Derivatives | |
|---|---|
Brokerage fee | 0.50 % |
Minimum brokerage fee | NOK 1 000 |
Interest margin p.a.1 | 3.00 % |
1: In addition to DNB’s funding cost for the same term as the forward. The interest cost is baked into the price for the customer. Read more about how costs are calculated, with examples (PDF, Norwegian). Prices are valid from 9 September 2024 | |
International derivatives
Costs International Futures Derivatives | |
|---|---|
Brokerage fees all products | 0.50 % Minimum NOK 1 000 |
Clearing, trading and exercise/expiration fees1: | |
DAX | EUR 2.00 per contract |
EUROSTOXX | EUR 1.80 per contract |
DJ STOXX 600 | EUR 1.80 per contract |
HEX25 | EUR 2.40 per contract |
IBEX | EUR 3.10 per contract |
FTSE | GBP 1.68 per contract |
SPMini | USD 2.66 per contract |
NIKKEI | JPY 535 per contract |
1: This cost may vary, and should be discussed with the broker before trading Read more about how costs are calculated, with examples (PDF, Norwegian). | |
Costs International Options Derivatives | |
|---|---|
Brokerage all products | 3 % Minimum NOK 1 000 |
Clearing, trading and exercise/expiration fees1 | |
Eurostoxx | EUR 1.70 per contract |
DAX options | EUR 2.00 per contract |
US Index and Stock options | USD 3.00 per contract |
1: This cost may vary and should be discussed with the broker before trading. Click here (PDF, Norwegian) for a summary of costs, examples of total costs for trading and the effect the cost has on the return on investment. | |