It is a standard practice, especially for US depositary receipts, to charge an annual administration fee. The fee covers the operational costs of the depositaries. Typically, this fee will be deducted when the dividend payment has been done. In case the custodial fee was not included in the dividend events, it will be managed separately through a fee-only event. The fees usually do not depend on the total amount of the dividends paid but on the amount of the stocks held. If these fees apply, Cornèrtrader will book those directly on the client’s account, upon agent’s communication.