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Digital Monetary Trust - Asset Lodgement Trust Accounts - Laissez Faire Electronic Stock Exchange

DMT - ALTA - LESE

200 Piaster

DMT Fees

The following fees are valid from March 20, 2003

In the following tables, "currency" includes U.S. dollars (USD), British Pound Sterling (GBP), Japanese yen (JPY), European euros (EURO), Swiss francs (CHF), the DMT Rand (DRAN), spot gold (GOLD), e-gold (E-GOLD), the Gold Dinar (G-DINAR), and the Silver Dirham (S-DIRHAM) "Stocks" and "Warrants" refer to those corresponding equity assets admitted for trading within the system.

[Note: there are MINIMUM limits on the amount of currency that can be transferred into the DMT/ALTA system from the outside banking world. These minimums are as follows: USD 1000, EURO 1000, JPY 100,000, CHF 1000, and GBP 800. The TRANSFER-IN function of the DMT/ALTA system will not permit amounts less than these minimums.

[PAY and CLAIM transactions are not affected by minimum (or maximum) limits, and can be any size.

[TRANSFER-OUTs have the following MINIMUMS: USD 250, EURO 250, JPY 25,000, CHF 350, and GBP 200. TRANSFER-OUTs have the following MAXIMUMS FOR ANY ONE WEEK: USD 10,000, EURO 10,000, JPY 1,250,000, CHF 10,000, and GPB 8000.]

Transaction fees inside the system:

Transaction Fee
 Currency & metal CLAIM transactions within ALTA  0
 Stock and Warrant PAY and CLAIM transactions within ALTA  0
 Currency, Stock, and Warrant SALES transactions within LESE  0
 RECLAIM Transactions within ALTA  Same as PAY tranaction fees below
Transaction Currency Fee
 Currency PAY transactions within both ALTA & LESE    
   USD  1/10 of 1% but with a minimum of USD 0.10 (10 cents)
   GBP  1/10 of 1% but with a minimum of GBP 0.10
   JPY  1/10 of 1% but with a minimum of JPY 10 (10 yen)
   CHF  1/10 of 1% but with a minimum of CHF 0.10
   EURO  1/10 of 1% but with a minimum of EURO 0.10
   DRAN  1/10 of 1% but with a minimum of DRAN 0.10
   GOLD  1/10 of 1% but with a minimum of GOLD .0005 oz (1/2000 of an ounce)
   E-GOLD
 E-PLATINUM
 E-PALLADIUM
 1/10 of 1% but with a minimum of E-METAL .01 grams
   E-SILVER  1/10 of 1% but with a minimum of E-SILVER .02 oz
   G-DINAR  1/10 of 1% but with a minimum of G-DINAR 0.10
   S-DIRHAM  1/10 of 1% but with a minimum of S-DIRHAM 0.20

Fees for transferring assets into the system from outside:

Transaction Currency Fee
 Stock or Warrant TRANSFER-IN   0
 Currency TRANSFER-IN    
   USD  1/10 of 1% but with a minimum of USD 20 (20 dollars)
   GBP  1/10 of 1% but with a minimum of GBP 20
   JPY  1/10 of 1% but with a minimum of JPY 2,500 (2,500 yen)
   CHF  1/10 of 1% but with a minimum of CHF 20
   EURO  1/10 of 1% but with a minimum of EURO 20
   DRAN  TRANFER-INs not allowed (only LESE purchases)
   GOLD   TRANFER-INs not allowed (only LESE purchases)
   E-GOLD
 E-PLATINUM
 E-PALLADIUM
 0
   E-SILVER  0
   G-DINAR   TRANFER-INs not allowed (only LESE purchases)
   S-DIRHAM   TRANFER-INs not allowed (only LESE purchases)

Fees for transferring assets out of the system:

Transaction Currency Fee
 Stock or Warrant TRANSFER-OUT   Currently there are no stocks or warrants that can be transferred out of the system. Those within the system must be sold on LESE for dollars before the value can be transferred out.
 Currency TRANSFER-OUT    
   USD  1/10 of 1% but with a minimum of USD 0.10 (10 cents)*
   GBP  1/10 of 1% but with a minimum of GBP 0.10*
   JPY  1/10 of 1% but with a minimum of JPY 10 (10 yen)*
   CHF  1/10 of 1% but with a minimum of CHF 0.10*
   EURO  1/10 of 1% but with a minimum of EURO 0.10*
   DRAN  TRANFER-OUTs not allowed (only LESE sales for dollars)
   GOLD   TRANFER-OUTs not allowed (only LESE sales for dollars)
   E-GOLD
 E-PLATINUM
 E-PALLADIUM
 1% but with a minimum of E-METAL .01 grams
   E-SILVER  1% but with a minimum of E-SILVER .02 oz
   G-DINAR   TRANFER-OUTs not allowed (only LESE sales for dollars)
   S-DIRHAM   TRANFER-OUTs not allowed (only LESE sales for dollars)

(*) The bank wiring funds to your bank will deduct a wire transfer fee from the wired amount. Since wire fees are typically USD 25-30 for the originating bank, and USD 15 for the intermediate bank, rarely will it make economic sense to make transfers out of the system of less than USD 1,000 or the equivalent.

WARNING:

Bounced wires will be charged a DMT fee of USD 60 plus any relevant fees charged by DMT's bank. A wire will bounce for either of the following two reasons:
  • The Customer Reference Number is not included with a TRANSFER-IN wire. Please make sure your bank includes the Customer Reference Number when wiring funds! If the Customer Reference Number is missing, the wire may be returned (minus the DMT and bank fees). However, in most cases it is not possible, or not practical, to return wires. See DMT Problem Resolution for the procedure for dealing with missing wires or missing Customer Reference Numbers.

  • The wire instructions for a TRANSFER-OUT are incorrect. If the wire bounces, then DMT and bank fees will be deducted, and the remaining amount will be paid to the CLAIM NUMBER of the account the TRANSFER-OUT came from. The customer can then reclaim the amount using the CLAIM function of the DMT/ALTA system. (If the wire does not bounce, even though incorrect information was given, then someone has the money, and it will not be returned.)

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