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History

2007   2006   2005   2004   2003   2002   2001   2000   1999   1998   1997   1996   1995   1994   1993   1992

January

In accordance with currency liberalization policies, the accounting procedure for non-residents’ funds was changed. Standard cash accounts and sections of custody accounts will now be used to account for monetary funds and securities of non-resident investors.

July

To reduce traders’ costs in the government-backed securities market and to further improve the market infrastructure, the fees for operations with long-term instruments were reduced in half, while the fees for REPO trades remain unchanged.
As of the 1st of July 2007, the ZAO MICEX fee for secondary trading (with the exception of over-the-counter trades) and placement auctions (additional placement) is 0.0001% of the amount of the trade multiplied by the period (in days) until redemption (offer), but no more than 0.01% of the amount of the trade. The ZAO MICEX fee for over-the-counter trades is 0.0001% of the amount of the trade multiplied by the period (in days) until redemption (offer), but no more than 0.02% of the amount of the trade and no more than 5,000 rubles. Reducing the GMS market fee allows the Ministry of Finance to implement its plans for extending borrowing in the domestic market by promoting the growth of liquidity of government-backed securities.

October

Due to the new requirements for including securities on the Bank of Russia’s Lombard List and the subsequent expansion of the Lombard List, a record-breaking 70 new issues of corporate and sub-federal bonds were admitted to trading in the government-backed securities market.