SWB Unbundled Stock and ETF Fees

Exchange Fee

Product Group	Fee	Minimum per Order	Maximum per Order
Stocks
Fixed Fee:
All Stocks	EUR 4.20 per trade + Variable Fee	EUR 4.83	N/A
Variable Fee:
DAX-stocks	0.0336% of trade value	EUR 0.63	N/A
Other stocks	0.0672% of trade value	EUR 0.63	N/A
ETFs
Variable Fee:
All	0.10% of trade value	N/A	EUR 12.18

Regulatory Fee

Product Group	Fee
All	EUR 0.01 per trade