Clearing Member is entitled to change default settings on the FX, Securities and Derivatives markets through the provision to the NCC of the Request for choosing the Settlement Account for charging fees, in which a Clearing Member may indicate the Settlement Account on this market, under which the fee will be charged, not depending on the fact under which Settlement Account collateral in EUR and in CHF is recorded.
Attention: charge the fee for recording Collateral for Stress (on all markets), Default Fund contributions (on all markets) is possible only from the Settlement Account for the fees charging on the Securities market, and in case it there is no such account, the fee will be charged from the main Settlement Account of the FX market.
Fee for recording Collateral in foreign currency is charged in Russian rubles on the first workday of the calendar month following the reporting one. When recalculation the fee in Russian rubles starting from September 2017, NCC uses the foreign exchange rate, set by the Bank of Russia on the last workday of the reporting month. Till September 2017 NCC used for these purposes the foreign exchange rate, set by the Bank of Russia on the date when the relevant fee was charged.
For the calculation of the rate of the fee for recording individual clearing collateral and the "other collateral" type in the foreign currency the following method is used:
||Rate of the European Central Bank (Deposit facility) on the last day of the month when service is provided (in % per annum) + (-0,2%) per annum
||Rate of the Swiss National Bank (SNB policy rate) on the last day of the month when service is provided (in % per annum) + (-0,5%) per annum
* In case if the ECB or SNB changes the rate in the middle of the month fee for recording individual clearing collateral or the “other collateral” type in the foreign currency will be calculated in accordance with the rates, set by the ECB and/or by the Swiss National Bank on the last day of the reporting month
Fee for recording collateral in precious metals is debited in Russian rubles on the basis of the calendar month not later than the 25th of the calendar month following the reporting one.
The size of the effective rate of the fee for recording collateral in precious metals is disclosed in this section of the Clearing House’s website also not later than the 25th of the following month.
According to changes in the Tariffs since 01.08.2019 NCC charges fee for recording collateral in precious metal (GLD).
Information on the size of the fee charged is reflected in the following reports, on each market:
for recording collateral in euros and in Swiss francs on the Securities market and Deposits market – in the Cash flow statement (CCX99) of the relevant market; on the FX market and Precious metals market – in addition to the CCX99 also in the Report on fees (CCX10);
for recording Default Fund Contributions and Collateral for Stress in euro and in Swiss francs – in the Cash flow statement (CCX99) of the Securities market.
Calculation of the effective rate of the fee for recording Collateral in foreign currency