Distribution Agreement JSE Limited Information Products Sales FTSE JSE Indices by ayj58676

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									            JSE Limited

    Information Products Sales

FTSE/JSE Indices Price List for 2009
           FTSE/JSE Information Products Sales - Price List 2009

                                     Table of Contents
FTSE/JSE Indices Price List 2009

FTSE/JSE Indices Data Fees
1. Live Indices Data Fees

2. Delayed Indices Data Fees

3. End of Day Indices Data Fees

4. Structured Products and Tracking Fees




Please Note:
1. ZAR fees quoted exclude Valued Added Tax @ 14 %.
2. The JSE Information Distribution Agreement (JIDA); FTSE/JSE Africa Index Series Distribution
Agreement (FIDA); Financial Products Licence Agreement (FIPLA) and Information Distribution Guide
(which includes the data policies) must be used in conjunction with the price list.
FTSE/JSE Indices Data Fees
                                                                      ZAR                                                                                                               Billing
1. Live Indices Data Fees                                                         USD                                               Notes
                                                                   (excl VAT)                                                                                                         Frequency
                Live Indices Licence                                 R 4,697.00   $632.00
Fixed




                Live Site Indices Licence                            R 2,349.00      N/A - Only available to Equity Trading Members                                                   Monthly in
                Upgrade to Live Indices Licence                      R 2,349.00      N/A - Only available to Equity Trading Members                                                   Advance
                Live Single Index Fee                                R 1,249.00   $170.00
                Live Indices Terminal - Professional user               R 44.00     $8.00
                                                                                          - Charged per Mobile Device.
                Live Indices Mobile Device                             R 16.00      $3.00 - Refer to the Mobile Device policy.
Variable Fees




                                                                                          - Replaces the Live Indices Page Fee.
                Live Indices Terminal - Non-Professional user          R 14.00      $3.00 - Refer to Appendix 1 for the definition of a Non-Professional user.                        Monthly in
                                                                                          - Charged per request (e.g. Web; SMS; IVR etc) and only available to Non-Professional        Arrears
                                                                                          users.
                Live Fee per Index value - Non-Professional user        R 0.04       N/A - Up to 300 accesses per User ID, thereafter a Live Indices Non-Professional terminal is
                                                                                          applicable.
                                                                                          - Refer to Appendix 1 for the definition of a Non-Professional user.

                                                                      ZAR                                                                                                               Billing
2. Delayed Indices Data Fees                                                      USD                                               Notes
                                                                   (excl VAT)                                                                                                         Frequency
                Delayed Indices Licence                              R 2,349.00   $317.00
Fixed Fees




                Delayed Dual Branded Indices Licence                R 1,172.00    $159.00
                                                                                          - Refer to the Information Distribution Guide "Dual Branded Policy" for more information.
                                                                                                                                                                                      Monthly in
                                                                                          - Refer to the Information Distribution Guide "Listed Company IR Website Policy" for more
                                                                                                                                                                                      Advance
                                                                                          information. This is an optional "top-up" licence fee.
                Listed Company IR Website Add-on Indices Licence      R 550.00     $75.00
                                                                                          - Up to 5 Delayed Index values can be displayed however limited to the display of Core
                                                                                          Indices only.
                                                                                                           ZAR                                                                                                                     Billing
3. End of Day Indices Data Fees                                                                                             USD                                                  Notes
                                                                                                        (excl VAT)                                                                                                               Frequency
             End of Day Indices Print Media Licence                                                        R 2,607.00        $295.00                                                                                              Monthly in
Fixed


                                                                                                                                                                                                                                  Advance
             End of Day Single Index Website Licence                                                        R 770.00         $101.00 - Applicable to Tradable and Benchmark Indices.

             Historical Indices Data                                                                  Price List issued on request. Please contact the JSE Information Products Sales division for more information.
             End of Day Core Indices
                                                                                                                                     - Allows a International Vendor to redistribute Core Constituent Data only
             End of Day Core Constituent Markers Licence                                                          N/A        $491.00
                                                                                                                                     - FTSE produce file only for their International clients.                                    Monthly in
             End of Day Core Indices Valuations Licence                                                R 3,630.00         $491.00 - Allows a Vendor to redistribute Core Valuations data.                                         Advance
             End of Day Core Indices Valuations; Constituent and Tracker Licence                      R 13,426.00       $1,814.00 - Allows a Vendor to redistribute Core Valuations; Constituent and Tracker data.
             End of Day Core Indices Designated End User Fees- Valuations: (applicable to Designated End Users that link directly to the JSE)
                      1 - 10 users                                                                     R 9,071.00       $1,226.00
                      11 - 25 users                                                                   R 10,886.00       $1,471.00                                                                                                Annual Fees -
Fixed Fees




                      26 - 50 users                                                                   R 12,700.00       $1,716.00                                                                                                   Billed
                      51 - 150 users                                                                     R 256.00           $36.00 - Fixed charge of R12, 700/$1,716 + Charge per User per the Sliding Scale                      Quarterly in
                      151 - 250 users                                                                    R 128.00           $18.00 - Fixed charge of R12, 700/$1,716 + Charge per User per the Sliding Scale                       Advance
                      > 250 users                                                                        R 103.00           $15.00 - Fixed charge of R12, 700/$1,716 + Charge per User per the Sliding Scale
             End of Day Core Indices Designated End User Fees- Constituent & Tracker
                      1 user                                                                          R 43,536.00              N/A - Only applicable to SA clients for 2009
                      1 - 10 users                                                                    R 54,424.00       $7,352.00
                                                                                                                                                                                                                                 Annual Fees -
                      11 - 25 users                                                                   R 65,307.00       $8,823.00
                                                                                                                                                                                                                                    Billed
                      26 - 50 users                                                                   R 76,190.00      $10,292.00
                                                                                                                                                                                                                                  Quarterly in
                      51 - 150 users                                                                   R 1,526.00         $207.00 - Fixed charge of R76, 190/$10,292 + Charge per User per the Sliding Scale
                                                                                                                                                                                                                                   Advance
                      151 - 250 users                                                                    R 765.00         $106.00 - Fixed charge of R76, 190/$10,292 + Charge per User per the Sliding Scale
                      > 250 users                                                                        R 612.00           $84.00 - Fixed charge of R76, 190/$10,292 + Charge per User per the Sliding Scale
             End of Day Specialist Indices (includes the Capped; SWIX; Style; Dividend Plus and SRI Indices)
                                                                                                                                     - Subject to the subscription of the Core Indices Valuations licence.
             End of Day Specialist Indices Valuations Licence                                            R 253.00           $35.00
                                                                                                                                     - Allows a vendor to redistribute Specialist Valuations data.
                                                                                                                                                                                                                                  Monthly in
                                                                                                                                     - Subject to the subscription of the Core Indices Valuations; Constituent and Tracker
                                                                                                                                                                                                                                  Advance
             End of Day Specialist Indices Valuations; Constituent and Tracker Licence                   R 501.00           $71.00 licence.
                                                                                                                                     - Allows a vendor to redistribute Specialist Valuations; Constituent and Tracker data.
                                                                                                                                     - Subject to the subscription of Core Indices Valuations; Constituent and Tracker per
             End of Day Specialist Indices End User Fees - Capped Indices                              R 4,356.00         $652.00
                                                                                                                                     current user band subscription.
                                                                                                                                     - Subject to the subscription of Core Indices Valuations; Constituent and Tracker per
             End of Day Specialist Indices End User Fees - Shareholder Weighted Indices (SWIX)             R 4,521.00        $676.00
                                                                                                                                     current user band subscription.
                                                                                                                                     - Subject to the subscription of Core Indices Valuations; Constituent and Tracker per        Annually in
             End of Day Specialist Indices End User Fees - Style Indices                                 R 17,050.00       $2,399.00                                                                                               Advance
                                                                                                                                     current user band subscription.
                                                                                                                                     - Subject to the subscription of Core Indices Valuations; Constituent and Tracker per
             End of Day Specialist Indices End User Fees - Dividend Plus Index                             R 1,172.00       $159.00
                                                                                                                                     current user band subscription.
             End of Day Specialist Indices End User Fees - JSE Social Responsibility Investment                                      - Subject to the subscription of Core Indices Valuations; Constituent and Tracker per
                                                                                                           R 1,375.00       $194.00
             Index                                                                                                                   current user band subscription.
             End Of Day FTSE/JSE RAFI Indices (All Share and Top 40)
                                                                                                                                                                                                                                  Monthly in
             End of Day FTSE/JSE RAFI Indices Valuations Licence                                           R 1,650.00        $224.00 - Allows a vendor to redistribute FTSE/JSE RAFI 40 Valuations data only.
                                                                                                                                                                                                                                  Advance
                                                                                                                                     - Not subject to the subscription of the Core Indices series.
             End of Day FTSE/JSE RAFI Designated End User Fees - Valuations; Constituent & Tracker:
                                                                                                                                     - Data Vendors who distribute V,C,T to actual Users do not incur licence fees.
                      1 - 10 users                                                                       R 93,940.00      $12,688.00
Fixed Fees




                      11 - 25 users                                                                     R 112,728.00      $15,226.00                                                                                             Annual Fees -
                      26 - 50 users                                                                     R 131,516.00      $17,764.00                                                                                                Billed
                      51 - 150 users                                                                      R 2,635.00        $357.00 - Fixed charge of R131,516/$17,764 + Charge per User per the Sliding Scale                    Quarterly in
                      151 - 250 users                                                                     R 1,318.00        $179.00 - Fixed charge of R131,516/$17,764 + Charge per User per the Sliding Scale                     Advance
                      > 250 users                                                                         R 1,056.00        $144.00 - Fixed charge of R131,516/$17,764 + Charge per User per the Sliding Scale
             End of Day FTSE/JSE SHARIAH Indices (All Share and Top 40)
                                                                                                                                       - Allows a vendor to redistribute FTSE/JSE SHARIAH (All Share and/or Top 40) Valuations    Monthly in
             End of Day FTSE/JSE SHARIAH Indices Valuations Licence                                         R 704.00          $84.00
                                                                                                                                       data.                                                                                      Advance
                                                                                                                                       - Not subject to the subscription of the Core Indices series.
             End of Day FTSE/JSE SHARIAH Designated End User Fees- Valuations; Constituent & Tracker:
                                                                                                                                       - Data Vendors who distribute V,C,T to actual Users do not incur licence fees.
                      1 - 10 users                                                                       R 46,640.00       $5,512.00                                                                                             Annual Fees -
                      11 - 25 users                                                                      R 93,808.00      $11,087.00                                                                                             Billed
                      26 - 50 users                                                                     R 105,600.00      $12,480.00                                                                                             Quarterly in
                      51 - 150 users                                                                        R 352.00          $42.00 - Fixed charge of R105,600/$12,480 + Charge per User per the Sliding Scale                  Advance
             End of Day FTSE/JSE PREF SHARE INDEX
                                                                                                                                       - Not subject to the subscription of the Core Indices series.
             End of Day FTSE/JSE Preference Share Index Designated End User Fees - Valuations,                                         - Unlimited End Users                                                                      Monthly in
                                                                                                           R 1,650.00        $195.00
             Constituent, Tracker.                                                                                                     - No licence fees applicable to Vendors who distribute FTSE/JSE Preference Share Index     Advance
                                                                                                                                       Data.
             End of Day FTSE/JSE All Africa Indices (40 and 30 ex SA)
                                                                                                                                       - Allows a vendor to redistribute FTSE/JSE All Africa Indices 40 and/or 30 ex SA           Monthly in
             End of Day FTSE/JSE All Africa Index Valuations Licence                                       R 2,000.00        $244.00
                                                                                                                                       Valuations data.                                                                           Advance
                                                                                                                                       - Not subject to the subscription of the Core Indices series.
             End of Day FTSE/JSE All Africa Designated End User Fees - Valuations; Constituent & Tracker:
                                                                                                                                       - Data Vendors who distribute V,C,T to actual Users do not incur licence fees.            Annual Fees -
                       1 - 10 users                                                                      R 42,000.00       $5,122.00                                                                                             Billed
                       11 - 25 users                                                                     R 65,520.00       $7,990.00                                                                                             Quarterly in
                       26 - 50 users                                                                    R 103,680.00      $12,644.00                                                                                             Advance
             End of day Indices Value Add Data Product Fees (South African Clients Only)
             - Please refer to the FTSE/JSE InfoMax User Manual for more details on the Record Types listed below:
             Daily Index Statistics - Record types DI01/02/03/04                                  R 1,117.00
             Daily Index Constituent - Record types IC01/02                                         R 996.00
             Daily Index Movements - Record type IM01                                               R 616.00
             Daily Index Information - Record types IN01/02                                         R 996.00          N/A                                                                                                       Monthly
Fixed Fees




             Weekly Index Statistics - Record types WI01/02                                         R 248.00
             Monthly Index Statistics - Record types MI01/02                                         R 62.00
             Monthly Index Constituent - Record types MC01/02                                        R 59.00
             End of day Indices Data Product Fees (International Clients Only)
             - Please refer to the FTSE/JSE InfoMax User Manual for more details on the Record Types listed below:
             JSE Value Add Daily Index Statistics                                                                  $483.00 - Includes Record types DI01/02/03/04; IC01/02; IM01 and IN01/02
             JSE Value Add Weekly Index Statistics                                                                  $33.00 - Includes Record types WI01/02
                                                                                                          N/A                                                                                                                   Monthly
             JSE Value Add Monthly Index Statistics                                                                  $9.00 - Includes Record types MI01/02
             JSE Value Add Monthly Index Constituent                                                                 $8.00 - Includes Record types MC01/02

                                                                                                    ZAR                                                                                                                         Billing
4. Structured Products and Tracking Fees                                                                             USD                                                     Notes
                                                                                                 (excl VAT)                                                                                                                   Frequency
             4.1 - CORE AND SPECIALIST INDICES
             Multiple Products on Multiple Indices                                               R 345,528.00       $46,669.00
             Single Issue Licence                                                                 R 55,882.00        $7,548.00 - Must have a pre-determined start and end date.
                                                                                                                               - An additional tranche must have the exact terms and conditions and be within twelve
                                                                                                                                                                                                                                Annually in
                                                                                                                               months of the signing of the original Single Issue licence, the only difference being the start
                                                                                                                                                                                                                                 Advance
             Additional Tranche or Basket Licence                                                 R 41,464.00        $5,601.00 date.
                                                                                                                               - A basket issue would relate to the usage of a FTSE/JSE index in conjunction with any
                                                                                                                               other product which could be non FTSE/JSE.
                                                                                                                                                                                                                               Annual Fees -
                                                                                                                               - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.                                Billed
             Retail Index Tracking Fund Licence                                                       0.62 BP              N/A
                                                                                                                               - A Retail Fund is defined as a fund that the general public and institutions can invest in.     Quarterly in
                                                                                                                                                                                                                                 Arrears
             Institutional Index Tracking Fund Licence
             Net Asset Value (NAV):
                        Up to R200 mln                                                             R 3,295.00               N/A
                        above R200 mln to R5 bln                                                    0.358 BP                N/A
                                                                                                                                                                                                                              Annual Fees -
                                                                                                  R172 ,925 +                   - An Institutional Fund is one which can be subscribed to only by a particular institution,
                                                                                                                                                                                                                                 Billed
                                                                                                  R11,000 for                   such as a pension fund. An institutional fund is not promoted and marketed to the general
                                                                                                                                                                                                                               Quarterly in
                      above R5 bln                                                                 each billion             N/A investing public.
                                                                                                                                                                                                                                Arrears
                                                                                                    above R5
                                                                                                        billion.
                                                                                                                                                                                                                              Annual Fees -
                                                                                                                                                                                                                                 Billed
             Exchange Traded Funds                                                                        3 BP             3 BP - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.
                                                                                                                                                                                                                               Quarterly in
                                                                                                                                                                                                                                Arrears
             4.2 - RAFI Indices Tracking Fees (RAFI 40 & All Share)
                                                                                                                                                                                                                              Annual Fees -
Fixed Fees




                                                                                                                               - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.
                                                                                                                                                                                                                                 Billed
             Tracking Fund Licence                                                                      14 BP            14 BP - Fee Per Fund Tracked.
                                                                                                                                                                                                                               Quarterly in
                                                                                                                                                                                                                                Arrears
                                                                                                                                                                                                                              Annual Fees -
                                                                                                                               - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.
                                                                                                                                                                                                                                 Billed
             Exchange Traded Funds                                                                      14 BP            14 BP - Fee Per Fund Tracked.
                                                                                                                                                                                                                               Quarterly in
                                                                                                                                                                                                                                Arrears
             4.3 - SHARIAH Indices Tracking Fees (RAFI 40 & All Share)
                                                                                                                                                                                                                              Annual Fees -
                                                                                                                                - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.
                                                                                                                                                                                                                                 Billed
             Tracking Fund Licence                                                                        8 BP             8 BP - Fee Per Fund Tracked.
                                                                                                                                                                                                                               Quarterly in
                                                                                                                                                                                                                                Arrears
                                                                                                                                                                                                                              Annual Fees -
                                                                                                                                - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.
                                                                                                                                                                                                                                 Billed
             Exchange Traded Funds                                                                        8 BP             8 BP - Fee Per Fund Tracked.
                                                                                                                                                                                                                               Quarterly in
                                                                                                                                                                                                                                Arrears
             4.4 - All Africa Indices Tracking Fees (40 & 30 ex SA)
             Institutional and Retail Index Tracking Fund Licence
             Net Asset Value (NAV):
                                                                                                R 150 000.00       $ 18292.00
                      Up to R200 mln
                                                                                                  plus 2BP          plus 2BP
                                                                                                R 150 000.00       $ 18292.00                                                                                                 Annual Fees -
                      above R200 mln to R1 bln
                                                                                                 plus 1.5BP        plus 1.5BP                                                                                                    Billed
                                                                                                                                  - An Institutional fund and a Retail fund will be charged the same fees.
                                                                                                R150 000.00        $18292.00                                                                                                   Quarterly in
                      above R1 bln to R4 bln
                                                                                                 plus 0.5BP        plus 0.5BP                                                                                                   Arrears
                                                                                                R 150 000.00       $18292.00
                      above R4 bln to R10 bln
                                                                                                 plus0.2BP         plus 0.2BP
                                                                                                                                                                                                                              Annual Fees -
                                                                                                                          - BP charged on the NAV of fund. Minimum R150 000                                                      Billed
             Exchange Traded Funds
                                                                                               6 BP or 15% of 6 BP or 15% - Basis Point fee charged on the Net Asset Value (NAV) of the Fund.                                  Quarterly in
                                                                                                    TER          of TER                                                                                                         Arrears
                                APPENDIX 1 - DEFINITION OF NON-PROFESSIONAL/PRIVATE USER


Any Individual which does not meet and continue to meet all the criteria for a non-professional/private individual user set
out below shall be construed as a professional/corporate user. A non-professional/private individual user is a user who:

  1. is one of the following:

  a) a natural person;

  b) a company or close corporation incorporated and registered in accordance with the laws of the Republic of South Africa
  of which the shareholders or members are the natural person referred to in a) above and/or such natural person's immediate
  family (ie the parents, grandparents, children, grandchildren and spouse of the natural person referred to in a) above) and
  whose management and daily operations are under the control of such natural person and/or the natural person's immediate
  family; or

  c) a trust registered with the Master of the High Court of any division of the High Court of South Africa the beneficiaries of
  which are the natural person referred to in a) above and/or his immediate family; or


  d) an unincorporated entity operating an investment club for natural and not juristic persons on a non-professional basis,

  (each a "Qualifying Private User");

  2. is not registered or required to be registered as, or qualified as, and does not act in any capacity (directly or indirectly) as,
  a securities trader, investment advisor or asset manager with any domestic or foreign financial exchange, regulatory
  authority, professional association or professional body recognised under any law;


  3. does not use the Service, directly or indirectly, for any business or professional purposes whatsoever (ie uses the Service
  solely for purposes of managing the personal funds of the natural person referred to in a) above and/or those of his or her
  immediate family and in circumstances in which the Qualifying Private User does not charge or receive a fee); and

  4. does not distribute, publish or otherwise provide or make available any data from the Service to any third party in any
  manner whatsoever.

								
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