Information of quarterly service fee charged by MICEX Stock Exchange

On January 1, 2012 CJSC MICEX Stock Exchange began charging quarterly service fee. The relevant document (with amendments and supplements thereto) was approved by the Board of Directors of the company on November 25, 2011, Minutes No. 10.

In accordance with the document the quarterly service fee for the CJSC MICEX Stock Exchange securities market amounts to RUB60,000. The service fee is not to be charged if a total fee for trading, clearing and provision of integrated technological service paid while executing trades in securities including repo trades in the Main Market and Standard sectors exceeds RUB60,000 by the end of a calendar quarter. Those trading members who were admitted to membership after 01.01.2012 do not have to pay the service fee within four calendar quarters starting from the quarter of their admission.

Trading members who are clearing members of CJSC JSCB National Clearing Centre (NCC) and have registered trading account opened therein and used for compensation and service fee payments should pay the service fee on the first business day of the quarter following the reporting quarter (for the current reporting quarter  this will be 02.04.2012).  The service fee is charged in accordance with the procedure for trading fee payments set forth in the Clearing rules of CJSC JSCB National Clearing Centre approved by NCC's Supervisory Board on 31.08.2011 and registered by the Federal Financial Markets Service on 06.10.2011. In particular, in case of insufficient amount on the trading account to pay compensation and service fee, the relevant liability to pay the service fee is included in the Clearing system's Fee cap set for a given Clearing member.

Trading members who are not clearing members of CJSC JSCB National Clearing Centre (NCC) or who do not have registered trading account opened therein and used for compensation and service fee payments should pay the service fee on the basis of invoice sent by CJSC MICEX Stock Exchange within ten days upon the end of the current quarter.

Issues of charging the service fees and measures taken in case of nonpayment are specified in the above-mentioned document and Rules for admission to trading of CJSC MICEX Stock Exchange approved by the company's Board of directors on November 11, 2011 and registered by the Federal Financial Markets Service on December 6, 2011.

If you have any questions related to the service fee, please contact your personal manager by +7 (495) 363-32-32.
For queries related to payments of late Service fee please contact Clearing operations department by +7 (495) 705-96-13 or (495) 411-66-72.

For further information, please contact the Public Relations Department at (495) 363-3232.