As of 18 September 2006, the MICEX Stock Exchange lowers the aggregate rate for trades in non-government bonds made in the main (anonymous) trading mode from 0.019% to 0.01% of the trade value.
The aggregate rate for bond trades includes the MICEX Stock Exchange’s commission, the fee paid to the MICEX for the provision of the integrated technological service (ITS) and the commission paid to the MICEX for clearing services.
The new rate for trades in corporate, regional and municipal bonds, effected in the main trading mode, amounts to 0.0035% of the trade value, including VAT. The rate is charged from each party to the deal. It is equal to the MICEX commission for clearing for these trades. The fee paid to the MICEX for providing the integrated technological service (ITS) is 0.003% of the trade value, including VAT, and is charged from each party to the deal.
The MICEX Stock Exchange also lowers the aggregate rate charged from market makers for trades in non-government (corporate, regional and municipal) bonds made in the main trading mode from 0.0095% to 0.005% of the trade value.
Changes in rates for bond trades are aimed at promoting exchange-based trading in the anonymous (market) main trading mode, providing favorable conditions for the inflow of new categories of clients to the market of fixed-income instruments, supporting stable market quotations of bonds and the overall growth of liquidity in this market segment.