5.Offshore Own Foreign Allowance
For clients using their own foreign allowance of R1m in travel allowance (no SARB approval needed) or R10m per year with SARB approval. Cost is 0.25% per year, levied monthly in arrears on the value of the offshore portfolio. Includes Safe Custody fees. The Safe Custody fee includes settlement, corporate actions, clearing fees and custody charges as well as free live prices for most of Europe. Click here for Exchanges, Commissions & Live price costs.
6.Offshore Sanlam Asset Swap
Clients who wish to make use of the asset swap capability of Sanlam deposit Rands in their accounts and Sanlam will convert it to foreign currency. Especially useful for Trusts and Companies. Cost is 0.5% per year, levied monthly in arrears on the value of the offshore portfolio. Includes Safe Custody fees. The Safe Custody fee includes settlement, corporate actions, clearing fees and custody charges as well as free live prices for most of Europe.