Baku Stock Exchange changed its tariffs

Monday, 27 April 2009

Considering the present market conditions and the fact that the volume of the government security issues grew 3 times in comparison with the previous year, and at the same time yield on these securities went down, with aim to stimulate trading in mid-to-long-term debt obligations it was decided to reduce some of the commissions. The BSE is changing the fees for the following bonds of Ministry of Finance: 6-month bonds  from 0.30% to 0.25%; 1-year and longer-term bonds  from 0.6% to 0.5%. For the last 3 years, as a part of developing the interbank repo market, the BSE has not been charging any fees for this product. Now that the interbank repo market is developed, the BSE has decided to introduce the following fee scheme: 0.001% for 1-day interbank repo transactions, 0.002% for 2-day transactions and 0.003% for 3-day and longer-term operations.