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Fees

Fees charged for the tri-party-repo service (point 8.11 in the Table of Fees charged from participants)

Fees charged from the party acting as the seller
Fees for tri-party-repo actions including:
  • selection of securities to be transferred between registration accounts maintained for participants in settlement,
  • on-going updates of the value of the repo agreement, determining the current credited market value of securities transferred in the repo transaction to the registration account of the participant acting on the buyer’s side in the settlement of repo opening, and determining the amount of additional payment or repayment of surplus of such value,
  • selection of securities to be transferred between registration accounts maintained for participants in marking-to-market,
  • keeping participants informed about the current value of the repo agreement, the current credited market value of securities transferred in the repo transaction to the registration account of the participant acting on the buyer’s side in the settlement of repo opening, and the required additional payment or repayment in marking-to-market or required substitution of securities,
  • calculating compensation and debiting and crediting participants’ cash accounts with the compensation.
The fee is 0.00021% charged monthly to the party acting as the seller.

Fees charged only from the party acting on the seller’s side in the settlement of repo opening
The fee is charged for every day of the period from the settlement date of repo opening to the settlement date of repo closing and is calculated as the sum of products calculated for balances at each calendar day of:
  • the ratio of the current value of the repo agreement and the number of calendar days in the month for which the fee is charged, and
  • the fee rate.
Last modified:21-01-2016 Go up