Mesh has various fee types and all fees are charged in mZAR. The following fees apply on the Mesh platform:


Fee Category

Fee Type

Description

Issuance

First Time Minting Fee

This is the fee charged on the first creation of a token or instrument. 

Per Token Minting Fee

This is the fee charged for creating more token(s) for a previously minted token. 

Marketplace Issuance

Issuance Fee: Right to -

This fee is charged for placing a rights to an underlying security or instrument token on the Mesh marketplace. The fee will be deducted from the account out of which the assets will be traded.

Issuance Fee: Instrument

This fee is charged for placing a security/ an instrument offering on the Mesh marketplace. Mesh deducts the entire fee from the account where the assets will be traded.  

Trading

Order Execution

This is the fee charged to the order/trade initiator. The Mesh fee amount is taken with DvP. Should a placed order not be bought or sold, the fee charged on order placement will be reversed along with the funds reserved for trade settlement. Mesh deducts the fee from the stablecoin portion of the order. The fee is deducted as follows:

Investor places a buy order:

The fee is deducted from the stablecoin amount being paid by the investor. The amount of tokens are calculated after the fee is deducted.

Investor places a sell order:

The fee is calculated from the stablecoin amount that the investor receives for selling the security token(s).

Issuer places a buy order:

This fee is deducted from the stablecoin amount being paid by the issuer. The amount of tokens are calculated after the fee is deducted.

Issuer places a sell order:

The fee is calculated from the stablecoin amount that the issuer receives for selling the security token(s).

Funding

Funding ZAR

No fees are charged for funding your Mesh account. 

Defunding

Defunding ZAR

This is the fee charged for defunding mZAR from your Mesh account and depositing ZAR into your linked bank account. The defunding fee is based on a tiered structure, depending on the withdrawal/defunding amount. Mesh deducts the entire fee from the account where the defund request was initiated.

Transfers

Transfer of Stablecoin – mZAR

This fee is charged for the transfer of mZAR between Mesh accounts. Mesh deducts the entire fee from the account where the transfer request was initiated.

Transfer of mZAR based non-CCY asset tokens

This fee is charged for the transfer of mZAR based assets (not mZAR) between Mesh accounts. Mesh deducts the entire fee from the account where the transfer request was initiated.

Receive

Receive

No fee is charged when you receive any asset into your Mesh Account.


Please note that no operation will be finalized unless the full transaction amount is settled. The transaction amount will only be settled if the transaction’s source account has a sufficient mZAR balance. 

Please refer to the Mesh fees schedule for all Mesh charges: https://www.mesh.trade/fees/