Brokerage fee accrual
Nordea's tariff for stock exchange trading is based on the paid brokerage fees and the related discounts. Brokerage fees accrue during a quarter and the prices for the next quarter are determined based on the paid brokerage fees. You can reach the same result by concluding many small share transactions or few share transactions in high euro amounts. You can achieve a cheaper price tier by accruing the brokerage fees, which is a reward for activity.
The quarter is determined based on the calendar year as follows: January-March, April-June, July-September and October-December. The brokerage fees and safe custody fees are determined with the same logic.