With regard to the interests of professional securities market participants, issuers and investors, the National Depository Center (NDC) has made changes in the rates for services provided.
In compliance with the changes, four types of tariffs were improved and tariffs on three types of services were applied. Abolished was the fee for the award of international identification codes of investment securities. Depositing of government securities will also be free.
The fee for the deposit of securities of commercial banks and insurance companies was equated to other issuers. Depositing services for housing certificates and keeping registers of owners are paid by a common procedure, but only once during their circulation.
NDC offers different operating companies in the country to use the correspondent depository relationships to establish an electronic information exchange with the Baku Stock Exchange. The annual fee for this service is 1,000 manat. In addition, NDC will charge another depositary for the ongoing operation 0.003% of each transaction amount.
The new tariffs came into effect on July 1. - 08B-
Economics
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