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Effective March 1st, 2006, RTS Group will lower fees for settling DVP transactions in US dollars. The appropriate amendments were made to the new "RTS Settlement Chamber" Rules of Operation.
The clients' expenses were lowered due to the new settlement technology implemented after the system of settlement of DVP transactions in US dollars has joined "Depositary and Clearing Company" as a clearing member. As of February 6th, 2006, the DVP settlement system has been using two settlement organizations – JPMorgan Chase Bank and "RTS Settlement Chamber". In the past DVP settlement through RTS required opening a separate account with JP Morgan Chase Bank.
New Schedule of Fees for Settling DVP Transactions in US Dollars
| ¹ | Operation | Fee | |
|---|---|---|---|
| Settlement Services: | New | Old | |
| 1. | Opening/Closing of a client account | Free of Charge | Free of Charge |
| 2. | Maintenance of the Account (monthly) | 30 USD | 5 + 165 USD |
| 5. | Operations with the deposit account: | ||
| 5.1. | Transferring cash out of the deposit account: | ||
| 5.1.1. | Transferring cash to the accounts in other banks based on the register of the required payments received from "Depositary and Clearing Company" | 10 USD | 10 USD |
| 5.1.2. | Transferring cash to the internal accounts based on the register of the required payments received from "Depositary and Clearing Company" | 6 USD | 10 USD |
| 5.1.3. | Transferring money to the main Client account | 6 USD | 12 USD |
| 5.2. | Transferring cash into the deposit account: | ||
| 5.2.1. | Transferring cash from the external accounts into the account based on the register of the required payments received from "Depositary and Clearing Company" | 10 USD | 10 USD |
| 5.2.2. | Transferring cash from the internal accounts based on the register of the required payments received from "Depositary and Clearing Company" | 6 USD | 10 USD |
| 5.2.3. | Transferring cash to the Deposit Account from the main Client account | 6 USD | 12 USD |
