The fees we charge to issuers are as follows:
1. Onboarding Fee:
- Is payable when an issuer is admitted to iSTOX and a new digitized securities issuance project is launched
- Is a fixed fee of 10,000 SGD payable to iSTOX after approval of a new project
2. Digitized Debt-Related Fees:
Digitization & Distribution fee:
- Is charged in respect of services to source for investors, allocate digitized debt to investors and provide settlement of transactions
- Is payable when a newly digitized debt is successfully listed on iSTOX
- Ranges from 0.3 to 1.0% of total funds raised, subject to a minimum fee of 30,000 SGD
Annual Platform Fee:
- Is charged to an issuer for the usage of the secondary trading facilities, safekeeping of digitized debt issued and handling of various corporate actions such as income distribution
- Is 0.1% of the market value of listing, subject to a minimum fee of 5,000 SGD and a maximum fee of 300,000 SGD
3. Digitized Fund-Related Fees:
The issuers can choose between Upfront fee model and Trailer fee model
3.1 Upfront fee model:
Digitization & Distribution Fee:
- Is charged in respect of services to source for investors, allocating digitized fund to the investors and to provide settlement of transactions
- Is payable when a new digitized fund is successfully listed on iSTOX
- Ranges from 0.5 to 1.0% of total funds raised, subject to a minimum fee of 30,000 SGD
Annual Platform Fee:
- Is charged to an issuer for the usage of the secondary trading platform, safekeeping of digitized fund issued, and handling of various corporate actions such as income distribution
- Is 0.1% of the market value of listing, subject to a minimum fee of 5,000 SGD and a maximum fee of 300,000 SGD
3.2 Trailer fee model:
Trailer Fee:
- Is charged in respect of using iSTOX as the distribution channel for the new fund
- Is payable at the end of every quarter (March, June, September, and December) or at any other frequency at the discretion of the issuer
- Is about 30% of total management fee, subject to a minimum fee of 15,000 SGD per annum
4. Digitized Equity-Related Fees:
Digitization & Distribution Fee:
- Is charged in respect of services to source for investors, to allocate digitized equity to the investors and to provide settlement of transactions
- Is payable when a newly digitized equity is successfully listed on iSTOX
- Ranges from 2 to 3% of total funds raised, subject to a minimum fee of 100,000 SGD
Annual Platform Fee:
- Is charged on an issuer for the usage of the secondary trading platform, safekeeping of digitized equity issued and handling of various corporate actions such as income distribution
- Ranges from 0.1 to 0.2% of the market value of listing, subject to a minimum fee of 10,000 SGD and a maximum fee of 300,000 SGD
Note 1: All fees (including minimum and maximum amounts) and payment schedules are at the discretion of ICHX Tech Pte Ltd and may be changed without prior notice.
Note 2: Goods & Services Tax (GST) is applicable to all fees.
Note 3: This fee schedule is accurate as of 6th March 2020.