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Fees for repo transactions

Flat fees

Fee schedule Trading fee
of the Moscow Exchange,
in RUB, not subject to VAT
Clearing fee
of the NCC Clearing Bank,
in RUB, not subject to VAT
Total fee
REPO_0 0 0 0
REPO_150 45,000 105,000 150,000
REPO_500 150,000 350,000 500,000
REPO_6500 1,950,000 4,550,000 6,500,000
REPO_16250 4,875,000 11,375,000 16,250,000
REPO_32500 9,750,000 22,750,000 32,500,000

Fees related to repo value
Repo transactions except CCP-cleared repo

Fee schedule Trading fee
of the Moscow Exchange,
not subject to VAT
Clearing fee
of the NCC Clearing Bank,
not subject to VAT
Total fee
REPO_0 0.000072% of the repo value, multiplied by the repo term*, min RUB 0.60 0.000168% of the repo value, multiplied by the repo term, min RUB 1.40   0.00024% of the repo value, multiplied by the repo term, min RUB 2  
REPO_150 0.0000510% of the repo value, multiplied by the repo term, min RUB 0.60   0.00011900% of the repo value, multiplied by the repo term, min RUB 1.40   0.00017% of the repo value, multiplied by the repo term, min RUB 2  
REPO_500 0.0000390% of the repo value, multiplied by the repo term, min RUB 0.60   0.00009100% of the repo value, multiplied by the repo term, min RUB 1.40   0.00013% of the repo value, multiplied by the repo term, min RUB 2  
REPO_6500 0.0000300% of the repo value, multiplied by the repo term, min RUB 0.60   0.0000700% of the repo value, multiplied by the repo term, min RUB 1.40   0.00010% of the repo value, multiplied by the repo term, min RUB 2  
REPO_16250 0.0000210% of the repo value, multiplied by the repo term, min RUB 0.60   0.0000490% of the repo value, multiplied by the repo term, min RUB 1.40   0.00007% of the repo value, multiplied by the repo term, min RUB 2  
REPO_32500 0.0000150% of the repo value, multiplied by the repo term, min RUB 0.60   0.0000350% of the repo value, multiplied by the repo term, min RUB 1.40   0.00005% of the repo value, multiplied by the repo term, min RUB 2  

* here and hereinafter repo term is in calendar days
If one trading member is the seller and the buyer to a repo transaction (except T+ transactions), it is paid the following rebate:
25% of the trading fee related to the repo value, but not greater than the difference between the total fee related to the repo value and RUB 0.60 (the rebate is paid if it totals or exceeds RUB 15,000 for all transactions by the end of the calendar month),
and
50% of the clearing fee related to the repo value, but not greater than the difference between the total fee related to the repo value and RUB 1.40 (the rebate is paid if it totals or exceeds RUB 15,000 for all transactions by the end of the calendar month).
The rebate is paid monthly and as prescribed in the NCC Clearing Bank Clearing Rules for the Securities Market.

Repo with the central counterparty (except repo transactions intended for settlement of T+ trades)

Fee schedule Trading fee
of the Moscow Exchange,
not subject to VAT
Clearing fee
of the NCC Clearing Bank,
not subject to VAT
Total fee
REPO_0 0.000150% of the repo value, multiplied by the repo term*, min RUB 0.60   0.0003800% of the repo value, multiplied by the repo term, min RUB 1.40   0.0005300% of the repo value, multiplied by the repo term, min RUB 2  
REPO_150 0.000105% of the repo value, multiplied by the repo term, min RUB 0.60   0.0002660% of the repo value, multiplied by the repo term, min RUB 1.40   0.0003710% of the repo value, multiplied by the repo term, min RUB  2  
REPO_500 0.000081% of the repo value, multiplied by the repo term, min RUB 0.60   0.0002052% of the repo value, multiplied by the repo term, min RUB 1.40   0.0002862% of the repo value, multiplied by the repo term, min RUB 2  
REPO_6500 0.000063% of the repo value, multiplied by the repo term, min RUB 0.60   0.0001596% of the repo value, multiplied by the repo term, min RUB 1.40   0.0002226% of the repo value, multiplied by the repo term, min RUB 2  
REPO_16250 0.000045% of the repo value, multiplied by the repo term, min RUB 0.60   0.0001140% of the repo value, multiplied by the repo term, min RUB 1.40   0.0001590% of the repo value, multiplied by the repo term, min RUB 2  
REPO_32500 0.000030% of the repo value, multiplied by the repo term, min RUB 0.60   0.0000760% of the repo value, multiplied by the repo term, min RUB 1.40   0.0001060% of the repo value, multiplied by the repo term, min RUB 2

* here and hereinafter repo term is in calendar days
The minimum value-based fee for repo transactions concluded in the trading mode Repo with the CCP – Order Book is RUB 0.02 (the trading fee is RUB 0.01; the clearing fee is RUB 0.01).
There is no minimum value-based fee as well as the trading and clearing fees for repo transactions concluded in the trading mode Settlement of T+ Trades.
Repo transactions with the CCP with a term exceeding 30 calendar days are treated as the repo transactions with a 30 calendar day term for the purpose of calculation of the value-based fee until 31 August 2019.