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    Pacra Fee Structure December 2024

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    arish.abbasi

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    © All Rights Reserved
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    Pacra Fee Structure December 2024

    Uploaded by

    arish.abbasi
    1 views2 pages

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    1 views2 pages

    Pacra Fee Structure December 2024

    Uploaded by

    arish.abbasi

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    You are on page 1of 2

    THE PAKISTAN CREDIT RATING AGENCY LIMITED

    FEE STRUCTURE
    Fee in Pak Rupee (PKR)
    RATING TYPE Minimum Maximum
    A. ENTITY RATINGS
    i. COMMERCIAL BANKS 1,000,000 5,000,000
    ii. MICROFINANCE INSTITUTIONS 250,000 2,000,000
    iii. NON‐BANKING FINANCIAL INSTITUTIONS
    [DFI | LEASING | INVESTMENT FINANCE | HOUSING FINANCE | 250,000 2,000,000
    MODARABA]
    iv. CORPORATE 500,000 3,500,000
    B. SECURITIES BROKERS
    i. ENTITY RATING 200,000 1,000,000
    ii. BROKER MANAGEMENT RATING *** 150,000 800,000
    iii. BROKER FIDUCIARY RATING*** 150,000 800,000

    C. INSURER FINANCIAL STRENGTH 250,000 2,500,000

    D. REAL ESTATE
    i. ENTITY RATING 250,000 3,000,000
    ii. PROJECT GRADING 250,000 2,000,000
    iii. DEVELOPER GRADING 250,000 2,000,000
    iv. REIT MANAGER RATING 400,000 2,000,000
    v. REIT FUND RATING 400,000 2,000,000
    E. ASSET MANAGEMENT
    i. ASSET MANAGER RATING 250,000 2,000,000
    CAPITAL PROTECTION/ PRESERVATION 1bp of Net
    ii. 150,000
    RATING Assets
    1bp of Net
    iii. FUND STABILITY RATING 150,000
    Assets
    1bp of Net
    iv. FUND PERFORMANCE RANKING 150,000
    Assets
    F. SOCIAL IMPACT AND PERFORMANCE RATING 300,000 1,000,000
    G. TRUSTEE FIDUCIARY RATING 250,000 1,000,000

    H. SECURITY AGENCY GRADING 250,000 1,000,000


    I. PENSION FUND MANAGERS 500,000 3,000,000
    J. INVESTMENT ADVISOR 300,000 1,000,000
    K. GREEN BOND FRAMEWORK 250,000 1,000,000

    Page 1 of 2
    L. INSTRUMENT RATING
    i. INSTRUMENT * & **
    [SUKUK, TFCS, SHORT TERM STRUCTURED/ SECURED INSTRUMENTS and STRUCTURED FINANCE DEBT etc.]
    Instrument amount up to PKR 1bln 10 basis points (bps) of the issue amount 1,000,000
    1,000,000 plus 5.0 bps of the amount
    Over PKR 1bln and up to PKR 3bln 2,000,000
    exceeding 1.0 bln
    2,000,000 plus 2.0 bps of the amount
    Over PKR 3bln and up to PKR 7bln 2,800,000
    exceeding 3.0 bln
    2,800,000 plus 1.0 bps of the amount
    Over PKR 7bln and up to PKR 15bln
    exceeding PKR 7.0 bln
    3,600,000
    3,600,000 plus 0.75 bps of the amount
    Over PKR 15bln
    exceeding 15.0 bln
    10,000,000
    ii. COMMERCIAL PAPER
    Commercial Paper 2.5 bps of the issue amount subject to a minimum of PKR 250,000

    KEY TERMS AND CONDITIONS


    1 For initial assignment, fee would be payable in advance on acceptance of mandate letter.
    2 The fee for annual surveillance and updating would be increased as mutually agreed. The surveillance period begins from the date of initial
    notification.
    3 The fee is due within fifteen (15) days after billing of invoice. In case a payment is delayed beyond 15 days, PACRA shall be entitled to a nominal
    charge at the rate of 1% per month for period beginning from the date of invoice.
    4 Out-of-pocket expenses (as agreed under fee mandate) will be charged separately to the client.
    5 The above quoted fees are exclusive of any excise duty, sales tax, surcharge etc. that may be levied by the government.
    6 Financials for the latest completed year of underlying entity would be used to calculate the applicable fee.
    7 PACRA’s fee structure is used as a benchmark. The fee is quoted on a case-to-case basis after ascertaining, inter alia, the scope of work and
    complexity of assignment. Please refer to PACRA fee policy for further details.
    8 PACRA fee structure is subject to revision without prior notice.

    *Minimum Fee for instrument rating would be PKR 500,000/- (conditions apply)
    **Fee may be discounted where company is already rated by PACRA
    ***In case an entity is engaging PACRA for both Broker Management Rating and Broker Fiduciary Rating, PACRA may offer a reduced fee for
    the later assignment

    Rating is a valuable quantitative tool. PACRA is committed to providing


    Please Contact
    the highest level of service. Support from our dedicated professionals is a
    Business Development
    phone call away during the business week. We have dedicated resources
    to communicate with market participants and the public about any
    For more information or subscriptions
    questions, concerns or complaints. The team also coordinates and
    +9242 358 69504-6
    facilitates PACRA’s participation in the public awareness programs with
    info@pacra.com
    other market participants for the development of the capital market.

    Effective December 02, 2024

    Page 2 of 2

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