Shares

You can invest in shares

1. by buying the shares of a company directly on the stock exchange or
2. indirectly by investing in equity and balanced funds or in investment bonds.

In addition, you can invest in equities by subscribing for shares in share issues or share sales where the present owners of the company sell part of their holdings to new investors.

The shares are in the form of book-entries and you will need a book-entry account  for them. The book-entry account will be opened in the bank. After your trades have been completed you will receive a calculation to help you to settle capital gains or losses in taxation.

In order to be able to trade, you will need the Investor's service in addition to the book-entry account. With the service you can submit buy and sell orders and monitor their status and the value of your investments.

Risk and return

The return on an equity investment is dependent on the long-term success of the issuing company. On the long term, it is likely that an equity investment will generate a better return than a fixed-income investment, despite share prices sometimes rising and falling drastically. 

The risks in equity investment are related to the general performance of the equity markets and the success of the issuing companies. Investments in foreign shares also constitute an exchange rate risk. Equity investors will gain a return from the dividends paid on the shares and from a rise in the shares' prices.

You can minimise risks by diversifying. You can reduce the company risk by spreading your investment over several companies and the market risk by investing some of your assets in fixed-income instruments. Funds are an excellent help in diversification. In addition, it is worth remembering time diversification. It means that shares should be bought and sold in several lots over a long period of time.

Trading in Netbank

Trading in equities is easy through Netbank

With the Investor's service in Netbank you can send buy and sell orders to the stock market and monitor their status and the value of your investments. In the service you will also have access to up-to-date information services, analyses and buy recommendations.

You can trade in over 20 different marketplaces and in more than 2,500 different equities. Trading in international equities is just as easy as trading in domestic ones: you can issue orders the same way.

Equities come as book-entries

An equity investor must open a book-entry account with the bank. Once a trade has been completed, the investor will be provided with a calculation of the trade, which is used to settle capital gains or losses in taxation.

Marketplaces

Using your Investor's service in Netbank, you can trade in the following market places and equities traded in the same currency as that of the stock exchange.

Price information from the Helsinki, Stockholm, Copenhagen and Oslo exchanges is displayed in real time and, for an extra fee, from USA.

Market places for trading

	Exchange	Currency	Trading hours (Finnish time)
Finland Equities, warrants, certificates, ETFs, option certificates, subscription rights	NASDAQ OMX HelsinkiOpens new window	EUR	10.00-18.30
Finland  Equities	First North FinlandOpens new window	EUR	10.15-18.20
Belgium Equities	Euronext BrusselsOpens new window	EUR	10.00-18.30
Spain Equities	Bolsa de MadridOpens new window	EUR	10.00-18.30
Netherlands Equities, ETFs	Euronext AmsterdamOpens new window	EUR	10.00-18.30
United Kingdom Equities, ETFs; Stamp duty*; Limit price in pence (GBP)	Lontoo LSEOpens new window	GBP	10.00-18.30
Italy  Equities	Borsa Italiana (Milano)Opens new window	EUR	10.00-18.30
Canada Equities	Toronto (TMX)Opens new window	CAD	16.30-23.00
Norway  Equities, ETFs	OslobörsOpens new window	NOK	10.00-17.30
Portugal Equities	Euronext LisbonOpens new window	EUR	10.00-18.30
France Equities, ETFs	Euronext ParisOpens new window	EUR	10.00-18.30
Sweden L, M and S list equities, ETFs	NASDAQ OMX StockholmOpens new window	SEK	10.00-18.30
Sweden Equities	First North StockholmOpens new window	SEK	10.15-18.20
Sweden  Equities	AktieTorgetOpens new window	SEK	10.00-18.30
Germany Equities, ETFs Settlement period T+2	XetraOpens new window	EUR	10.00-18.30
Switzerland Equities, ETFs	Zürich (SIX)Opens new window	CHF	10.00-18.30
Denmark L, M and S list equities	NASDAQ OMX CopenhagenOpens new window	DKK	10.00-18.00
Estonia Equities	NASDAQ OMXBalticOpens new window	EUR	10.00-16.00
United States Equities, ETFs	NyseOpens new window	USD	16.30-23.00
United States  Equities, ETFs	NasdaqOpens new window	USD	16.30-23.00
United States  Equities, ETFs	AmexOpens new window	USD	16.30-23.00
* A stamp duty of 0.5% is levied on all purchases of shares quoted on the London Stock Exchange.

Trading fees for book-entry accounts and equity savings accounts

Tier 1 Accumulated fees EUR 0	Tier 2 Accumulated fees EUR 150	Tier 3 Accumulated fees EUR 500	Tier 4  Accumulated fees EUR 1,000	Tier 5 Accumulated fees EUR 2,500
Trade of more than 800 euros 0.20%  min. EUR 8	Trade of more than 800 euros 0.18%  min. EUR 8	Trade of more than 500 euros 0.15%  min. EUR 5	Trade of more than 500 euros 0.10%  min. EUR 5	Trade of more than 300 euros 0.06%  min. EUR 3
Trade of less than 800 euros  1%*	Trade of less than 800 euros 1%*	Trade of less than 500 euros  1%*	Trade of less than 500 euros  1%*	Trade of less than 300 euros  1%*

*Please note that the 1% fee cap applies to the Nordic stock exchanges and all ETFs. In other marketplaces, the brokerage fee is at least equal to the minimum fee stated in our tariff. The minimum fees are shown in the table above.

Brokerage fee for transactions over the phone with Nordea Customer Service

0.5%, minimum EUR 40 (for all marketplaces)

Brokerage fee in branch

1%, minimum EUR 60 (for all marketplaces)

Custody fees, EUR per month, incl. VAT 25.5%

Customer	Brokerage fees accumulated in previous quarter	No brokerage fees accumulated in previous quarter
Private Banking customers	EUR 0	EUR 0
Other personal customers	EUR 0	EUR 2.45
Corporate customer	EUR 0	EUR 2.95

Market-specific information 

The foreign exchange fee for transactions in other than euro denominated shares (and funds) is 0.3%.

Additionally:

• The London Stock Exchange charges a stamp duty of 0.5% of the transaction price. 
  
• A transaction tax of 0.4% is levied when buying shares in the largest listed companies in France. The tax is not levied on brokerage fees, and it is not applicable to sales of shares.
• A transaction tax of 0.2% is levied when buying shares in the largest listed companies in Spain. The tax is not levied on brokerage fees, and it is not applicable to sales of shares.
  
• A transaction tax of 0.1% is levied on trades in Italian shares. No tax is levied on brokerage fees.

The brokerage fee is 2% (minimum EUR 168.19) for orders that cannot be brokered automatically. The total fee charged from the seller – and in the case of trades of subscription rights, also from the buyer – is half of the transaction price at maximum. The brokerage fee is set daily.