Cost disclosure corporate clients

Well-in advance up-front disclosure of costs and charges

ING Bank N.V. (‘ING’) is providing this information concerning the ex-ante costs and charges disclosure pursuant to Article 24(4)(c) of the Markets in Financial Instruments Directive 2014/65/EU (‘MiFID II’). Unless agreed otherwise, ING does not charge separately for the execution of orders in financial instruments, in addition to the costs of the financial instrument as set out in the below table. In dealing with our clients we trade on 'all-in' prices. Please note, that the costs and charges below are based on a model client with a certain volume in a particular product. The costs and charges for the model client are determined by a number of factors, including but not limited to, size of transaction, liquidity, market conditions, funding costs, clearing and settlement fees, market risk, credit and counterparty risks and operational risks. For OTC transactions the cost and charges are also influenced by the existence of a Credit Support Annex.


Client: Corporate           
Product group Product type Nr. of trades Total notional

Total cost &

charges, in €

Total cost &

charges, in %

FX FX Swap 1 € 1,000,000 € 1,400 0.14%  
  FX Forward 1 € 1,000,000 € 1,500 0.15%  
  NDF 1 € 1,000,000 € 2,500 0.25%  
IRD IRS 1 € 1,000,000 € 35,000 3.50%  
  XCCY IRS 1 € 1,000,000 € 80,000 8.00%  
Equity Derivatives TRS 1 € 1,000,000 € 10,000 1.00%  
  Vanilla Option 1 € 1,000,000 € 10,000 1.00%  
Commodities Commodity Swap 1 € 1,000,000 € 5,000 0.50%  
Bonds Credit Bond 1 € 1,000,000 € 5,000 0.50%  
  Government Bond 1 € 1,000,000 € 5,000 0.50%  
  Repo 1 € 1,000,000 € 1,000 0.10%  
MM CD/CP 1 € 1,000,000 € 2,500 0.25%  
Total   11 € 12,000,000 € 158,900 1.32%  



The description of the costs and charges in this table are indicative and subject to change, and are for information purposes only. The table does not purport to be complete nor to inform you of any possible risks. ING makes no representation or warranty relating to the accuracy or completeness of the information herein. To any specific transaction, other or additional costs or expenses may be charged in addition to those set out in the table, as agreed with the client. This table is not and should not be interpreted as an offer, a solicitation of an offer, or a request or recommendation to subscribe for, or any advice or recommendation to conclude, any transaction. ING accepts no liability for any direct, indirect or consequential loss or expense which you may incur as a result of acting or omitting to act in reliance on this table.