MICEX’s Fees for Over-the-Counter REPO Trades against the Bank of Russia

MICEX’s commission for providing information services to a Trader when making direct over-the-counter REPO trades is 0.0001% (one ten-thousandth percent) of the REPO amount with which the Bank of Russia is prepared to make a direct over-the-counter REPO trade with the Trader multiplied by the REPO period (number of days), VAT included, but no more than 0.01% (one hundredth percent) of the REPO amount, VAT included.

The REPO amount shall be understood as the amount specified in the information entered in response to the Trader’s request at the time that the Bank of Russia is prepared to make a direct over-the-counter REPO trade with the Trader.