Fee for such service to be cut twice from tomorrow

17:13 - 31.10.2019


October 31, Fineko/abc.az. The Baku Stock Exchange has revised its trading fees and rates in accordance with the goals set in the Strategic Roadmap on Financial Services of Azerbaijan and with taking into account the positive trends and the observed growth rate of trade volume on the capital markets.

The BSE informs portal ABC.AZ that as a result of modeling and comparative analysis, the fee for services charged from operations in the dominant bond market was reduced by half. Fees have been simplified on services and REPO operations, volume of trading of which has increased much.

The cutting of tariffs will have positive impact on the capital market in such issues as attracting additional investors, revitalizing market-making activities, increasing liquidity and reducing costs for market participants.

Thus, from 1 November 2019 the fees for some services will be cut by 0.02%. The decrease will affect such services as placement of state and municipal securities, placement of notes of the Central Bank, placement of corporate bonds, placement of bonds issued by international organizations in which Azerbaijan has membership. And fees for REPO transactions will decrease by 0.001% from the specified date.

 

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