LOM Blue Account
The LOM Blue Global Investment Account
Features of the LOM Blue Account include:
- Precise and timely execution of equity and bond transactions;
- Reduced transaction, custody and administration fees;
- Fast and efficient international money transfers;
- Inclusive dividend, coupon, and entitlement collection services;
- Access to all major security markets;
- Electronic receipt and transfers of blue chip securities and bonds.
About the LOM Blue Account:
- Designed for the sophisticated customer, corporate management company or trust company.
- Provides a platform on which to hold and trade global and local securities listed on the senior and Bermuda stock exchanges, bonds and mutual funds.
- Low custody and administration fees of 4 basis points (0.04%) per month charged against the account. This covers all custody, statement production and income collection fees.
- Trading fees of only 0.50% on any equities and 0.25% on any bond or recommended mutual fund subject to a minimum charge of US$100 per transaction (minimum charge of only $60 on BSX trades) or local currency equivalent.
- Multi-currency account that can be defined in the currency of the customer’s choice and can hold stocks and bonds in all the major markets.
- Gives clients, trustees or corporate managers on-line access to the account 24/7.
- Access to all of the LOM group’s world-class services.
Conditions
The account will be charged monthly in arrears for custody and administration at a rate of 4 basis points on the market value of the account. Unless the account has cash available this may result in the account becoming overdrawn, which would result in overdraft interest charges. The account cannot transact in the following markets, the US OTC Bulletin Board market, the NASDAQ small cap market, the TSX Venture Exchange, the London AIM market, the Berlin exchange or any similar junior stock exchange. Additionally the account may not purchase private placements, engage in purchases of non-listed companies or trade derivatives without suffering additional fees. The account cannot receive stock into the account in physical form. The account will be subject to additional fees, such as fees to wire out funds or deliver securities, as per LOM’s published fee schedule. LOM reserves the right to review or alter the conditions of the account with notice.
