Baku. Vahab Rzayev - APA-Economics. Baku Stock Exchange passed a decision at yesterday’s board meeting to make changes to its commission charging policy.
Under the decision, Baku Stock Exchange cut commission for Ministry of Finance’s 6-month T-bills from 0.30% to 0.25% and for bonds with the maturity period of one year and more from 0.6% to 0.5%.
Commission fees for inter-bank repo transactions were also defined.
These transactions had been carried out for about three years without any commission charge.
Baku Stock Exchange said the inter-bank repo transactions segment can be considered as developed now and there is a need to charge commission.
Under the decision, a commission fee of 0.001% will be charged for one-day transactions, 0.002% for two-day transactions and 0.003% for three-day transactions.
The decision takes effect from 13 April, 2009.
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