BPITrade Updated Fee Structure as of April 1, 2009

NOTE: This is an old post and most of the details are not current anymore. We are not updating this post anymore since its posting on April 11, 2009. So, readers are advised to go straight to the BPI Trade website for more details. Here is the link to the BPI Trade FAQs:

BPI TRADE FAQs

BPITrade Updated Fee Structure

BPITrade updated its fee structure beginning April 1, 2009. Here is the email message sent to BPITrade clients:

From: bpitrade@bpi.com.ph
Subject: BPITrade Updated Fee Structure
To: Marginal Investor
Date: Tuesday, March 31, 2009, 1:48 PM

Dear BPITrade Client,

In line with the implementation of the Documentary Stamp (DST) for Buy transactions, we are sending an updated Excel file which will aid you in determining your Buy and Sell transaction costs and proceeds. The breakdown of your Net Buy and Net Sell amount are presented in detail.

In addition, we are also providing you with our updated fee structure in the table below. Effectivity and implementation of the updated fees/charges will be on April 1, 2009.



For further inquiries, please call us at 816-9190 or 816-9192. Thank you very much.

BPI Securities Corporation

For illustration purposes, let us use a buy and a sell transaction under 8,000 pesos in value that we did while trading our Ayala Corporation shares:

From our total sell price of 4,414.27 pesos , we take out the total buy price of 4,067.08 pesos to give us a capital gain of 347.19 pesos or about 8.5% yield based on total buy price.

In these two transactions, our selling price of 223 pesos less buying price of 202 pesos will make a 420 pesos gross margin for 20 shares.

Then, we split our gross margin with BPITrade by about 4:1 ratio. We take over 80% while BPITrade gets under 20% of the gross margin in this completed stock trading operating cycle.

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