Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

Please find attached:

 Clearing Rules of Bank National Clearing Centre (Part II “Tariffs”)
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

APPROVED

by the Supervisory Board of 

the Bank National Clearing Centre (Joint-Stock Company)

July 20, 2016 (Minutes No.4)

CLEARING RULES

OF THE BANK NATIONAL CLEARING CENTRE

(JOINT-STOCK COMPANY).

PART II. TARIFFS

Moscow, 2016
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

2

CONTENTS

SECTION I. GENERAL PROVISIONS ...................................................................................................... 3

SECTION II. TARRIFS OF THE CLEARING CENTRE APPLIED TO ALL ON-STOCK MARKETSError! Bookmark n

SECTION III. TARIFFS OF THE CLEARING CENTRE IN THE SECURITIES MARKETError! Bookmark not defined

SECTION IV. TARIFFS OF THE CLEARING CENTRE IN THE FX MARKET AND PRECIOUS METALS 

MARKET Error! Bookmark not defined.

SECTION V. TARIFFS OF THE CLEARING CENTRE IN THE DERIVATIVES MARKET ........................ 7

SECTION VI. TAFFIFS OF THE CLEARING CENTRE IN THE COMMODITY MARKETError! Bookmark not defined
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

3

SECTION I. GENERAL PROVISIONS

These “Clearing Rules of the Bank National Clearing Centre (Joint-Stock Company). Part II. Tariffs”

(hereinafter – “Tariffs of the Clearing Centre”) form an integral part of the Clearing Rules of the Bank

National Clearing Centre (Joint-Stock Company).

The Tariffs of the Clearing Centre stipulate the amounts of fees for the clearing services provided by the

Clearing Centre to the Clearing Members in accordance with the Clearing Rules for the relevant onexchange markets.

The terms used in the Tariffs of the Clearing Centre are defined in the common part of the Clearing Rules

and in the specific parts of the Clearing Rules.
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

4

SECTION II. TARRIFS OF THE CLEARING CENTRE APPLIED TO ALL ON-STOCK MARKETS

No Description of fee for service / operation Fee (VAT not applicable)

1. Commission fee for provision of reports and other 

information on the clearing results and other 

clearing services

1.1 Provision to the Clearing member / Exchange member, 

upon request, of a hard copy of the Clearing report 

contemplated in the Clearing Rules as of the date 

separated from the request receipt date by the following 

time period:

In Russian rubles for one page of the 

report, but not less than 500 rubles 

and not exceeding 3,000 for one 

report

a) Less than a month; 100

b) From one month to one year; 150

c) More than one year. 200

1.2 Provision to the Clearing member, upon request, of an 

electronic copy of the Clearing Report contemplated in 

the Clearing Rules, as of the date separated from the 

request receipt date by the following time period:

In Russian rubles for one report

a) Less than a month; 50

b) From one month to one year; 100

c) More than one year. 150

1.3 Provision, upon request of the Clearing member, of a 

hard copy of the Clearing Report in non-standard format.

1,000 rubles for one page of the 

report but not exceeding 10,000 

rubles for one report

1.4 Provision, upon request of the Clearing member, of an 

electronic copy of the Clearing Report in non-standard 

format.

1,000 roubles for each 20 kilobytes 

of the report, but not less than 1,000 

roubles and not exceeding 8,000 

roubles for one report

1.5 Provision, upon request of the Clearing Member, of 

confirmations for the auditors of the Clearing Member, in 

respect of the balances of the collateral and outstanding 

obligations of the Clearing Member.

2,000 roubles for each confirmation

1.6 Manual processing of the incoming payment document 

for the purpose of registration in the Clearing System of 

the cash transferred as collateral or a contribution to the 

Guarantee Fund, in case of the failure of the Clearing 

Member (client of the Clearing Member) to follow the 

rules for filling in the payment description.

100 roubles for each payment 

document

1.7 Provision, upon request of the Clearing Member, of the 

details of the payment document used for refunding to 

the Clearing Member of the cash recorded as collateral 

or a contribution to the Guarantee Fund.

250 roubles for each request

1.8 Cancellation of the payment documents, prepared for 

execution, issued for the purpose of refunding to the 

Clearing Member of the cash recorded as collateral or a 

contribution to the Guarantee Fund, upon request of the 

Clearing Member (if possible).

250 roubles for each payment 

document

2. Commission fee for the procedure of Transfer of 

Positions and Collateral

Charged to the Recipient Clearing 

Member whom the positions and 
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

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Collateral were transferred

3,000 roubles

3. Commission fee for recording of clearing collateral1 Charged in Russian rubles for each 

Identifier of the Clearing member to 

the Clearing member not lately than 

the 25th day of the calendar month 

following the month when the 

services were provided

in foreign currency2 Charged to the Clearing Member on 

whose Collateral Accounts, 

Guarantee Fund Accounts and 

Collateral-for-Stress Accounts the 

cash in foreign currency is recorded

In accordance with the Tariffs set by 

the foreign credit organization where 

the Clearing Centre has opened its 

correspondent account to record the 

clearing collateral and other 

collateral in relevant foreign 

currency3

 

1

The fee does not apply to the Clearing Member - Credit Organization, whose banking license has been 

withdrawn (revoked) by the Bank of Russia, and to the Clearing Member – Non-Credit Organization, in case of 

introduction of any bankruptcy procedure in relation to the Clearing Member, in the month of withdrawal (revocation) of 

the license / introduction of any bankruptcy procedure.

2

The fee is applicable from the date set by resolution of the Clearing Centre

3

The Clearing Center calculates the effective fee rate (in percent per annum) with regard to individual clearing 

collateral and other types of provisions by the 25th day of every month following the chargeable month and then 

published the rate on its website.

The effective rate is determined as total interest paid by the Clearing Center to credit organizations including 

international credit organizations with which the Center has clearing/correspondent accounts to record clearing/any 

other collateral in relevant currency, or international credit organizations with which the Center has unallocated bullion 

accounts to record collateral in relevant precious metal, divided by total individual clearing collateral and other types of 

provisions in relevant foreign currency/precious metal that had been recorded by the Clearing Center on every calendar 

day of the chargeable month.

The fee payable by the clearing member for individual clearing collateral and other types of provisions is 

determined as follows:

where:

the fee for recording individual clearing collateral and other types of provisions;

opening balance in individual clearing collateral and other types of provisions in relevant foreign currency / precious 

metal on the i-th calendar day of the month (taken as the value of the field “CLOSING BALANCE” of the Cash Flow 

Report (CCX99)), or opening balance of the previous operational day for a day (days) other than the operational day 

(days);

the effective fee rate (in percent per annum) for recording individual clearing collateral and other types of provisions 

in relevant foreign currency/precious metal as published in the Clearing Center’s website;

number of calendar days in the chargeable month;

number of calendar days in the year of the chargeable month.
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

6

in precious metals2 Charged to the Clearing member on 

whose Collateral Accounts precious 

metals are recorded

In accordance with the rates 

established by a foreign credit 

institution in which the Clearing 

Center is open depersonalized metal 

account for collateral in the 

corresponding precious metal3

 
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

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SECTION V. TARIFFS OF THE CLEARING CENTRE IN THE DERIVATIVES MARKET

No.

Description of fee for service / operation Fee (VAT not applicable)

1. Commission fee for generation of reports for the

clearing register section, per one section per month

Charged to the cash collateral register

section specified in the application of the

Clearing Member, not later than on the

business day following the day of

submission of the first report, or on the

first business day of the month.

If the fee is charged for the incomplete

month, the amount of the fee is

calculated pro rata to the ratio of the

remaining business days to the total

amount of business days in the current

month.

120 roubles

2. Commission fee for opening (registration) of the

clearing register sections of the Segregated Brokerage

Firm, except for opening of the clearing register sections of

the Segregated Brokerage Firm in course of the procedure

of Transfer of Positions and Transfer of Collateral

Charged to the cash collateral register

section specified in the application for

registration of the Segregated Brokerage

Firm on the date of opening (registration)

of the Segregated Brokerage Firm

50,000 roubles

3. Commission fee for the record-keeping and generation

of reports for the clearing register sections of the

Segregated Brokerage Firm,

per month

Charged to the cash collateral register

section specified in the application for

registration of the Segregated Brokerage

Firm, not later than on the business day

following the day of submission of the first

report, or on the first business day of the

month.

If the fee is charged for the incomplete

month, the amount of the fee is

calculated pro rata to the ratio of the

number of business days when the

Segregated Brokerage Firm had a

registered status, to the total amount of

business days in the current month

50,000 roubles
Moscow Exchange FBOT Form [Supplement S-1]

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[The NCC Clearing Rules. Part II “Tariffs”] 

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4. Commission fee for procedure of forced position

closure during the clearing,

per one Derivatives Contract

Charged to the Clearing Member

subjected to the procedure of forced

position closure, on the date of

performance of the procedure of forced

position closure.

Charged from the cash collateral register

section whose code coincides with the

code of the position register section

where opened / closed positions under

the Derivatives Contracts are/were

recorded.

5 exchange charges set for the

Derivatives Contract executed to open /

close positions upon performance of the

said Procedures

5. Commission fee for the procedure of Transfer of

Positions and Collateral

Charged to the Recipient Clearing

Member whom the positions and

Collateral were transferred

3,000 roubles

6. Commission fee for execution of the Order for Transfer

of Positions

Charged to the Clearing Member whose

obligations’ recording will be changed, on

the date of the operation.

Charged to the cash collateral register

section whose code coincides with the

code of the position register section

where the obligations were recorded

before the change in their recording

1 exchange charge set for the Derivatives

Contract whose obligations’ recording is

changed

7. Commission fee for clearing at settlement of the

futures contracts,

for one contract:

Charged to the Clearing Member which is

a party to the futures contract, on the

date of settlement of the futures

contracts.

Charged to the cash collateral register

section whose code coincides with the

code of the position register section

where the obligations under the settled

futures contract were recorded

- on volatility of the Russian market 0.2 roubles

- on three-month MosPrime credit rate;

- on MICEX Index (mini); 0.3 roubles

- on US dollar-RF rouble rate;

- on euro – US dollar rate;

- on euro - RF rouble rate;

- on pound sterling – US dollar rate;

- on Australian dollar – US dollar rate;

- on US dollar – Japanese yen rate;

- on US dollar – Swiss franc rate;

- on BRENT crude oil;

- on refined bar gold;

- on common stock of Deutsche Bank AG;

1 rouble
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

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- on raw sugar;

- on copper;

- on US dollar – Turkish lira rate;

- on US dollar – Canadian dollar rate;

- on common stock of Daimler AG; 1.50 roubles

- on RTS Index;

- on refined bar silver;

- on refined bar platinum;

- on refined bar palladium;

- on futures contract on RTS Standard Index

- on Blue chips Index

- on MOEXREPO rate;

- on RUONIA rate;

2 roubles

- on common stock of Siemens AG;

- on common stock of BMW AG;

- on propane-butane;

2.50 roubles

- on MICEX Index; 3 roubles

- on preferred stock of Volkswagen AG;

- on BOVESPA Index;

- on SENSEX Index;

- on Hang Seng Index;

- on FTSE/JSE Top40 Index;

4 roubles

- on US dollar - Ukrainian hryvnia rate; 10 roubles

8. Commission fee for clearing at settlement of the

margined option contracts,

per one contract:

Charged to the Clearing Member which is

a party to the option contract, on the date

of settlement of the margined option

contracts. Charged to the cash collateral

register section whose code coincides

with the code of the position register

section where the obligations under the

settled option contract were recorded

- on futures contract on preferred stock of OJSC Sberbank

of Russia; 0.5 roubles

- on futures contract on MICEX Index (mini); 0.6 roubles

- on futures contract on common stock of OJSC Sberbank

of Russia;

- on futures contract on common stock of OJSC Tatneft;

- on futures contract on common stock of OJSC VTB Bank;

- on futures contract on common stock of OJSC RusHydro;

- on futures contract on US dollar - RF rouble rate;

- on futures contract on euro - RF rouble rate;

- on futures contract on common stock of OJSC Moscow

Exchange;

1 rouble

- on futures contract on common stock of OJSC Magnit; 1.6 roubles

- on futures contract on common stock of OJSC Gazprom;

- on futures contract on common stock of OJSC LUKOIL;

- on futures contract on common stock of OJSC OC

Rosneft;

- on futures contract on common stock of OJSC

Surgutneftegaz;

- on futures contract on preferred stock of OJSC

2 roubles
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

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Surgutneftegaz;

- on futures contract on common stock of OJSC

Rostelecom;

- on futures contract on common stock of OJSC MTS;

- on futures contract on common stock of OJSC

NOVATEC;

- on futures contract on common stock of OJSC FNC UES;

- on futures contract on common stock of OJSC Uralkaliy;

- on futures contract on common stock of OJSC NLMF;

- on futures contract on sugar;

- on futures contract on BRENT crude oil;

- on futures contract on euro – US dollar rate;

- on futures contract on refined bar gold;

- on futures contract on RTS Index;

- on futures contract on RTS Standard Index;

- on futures contract on preferred stock of OJSC AK

Transneft;

- on futures contract on common stock of OJSC MMC

Norilsk Nickel;

- on futures contract on common stock of OJSC Severstal;

- on futures contract on refined bar silver;

- on futures contract on refined bar platinum;

4 roubles

- on futures contract on MICEX Index. 6 roubles

9. Commission fee for clearing at settlement of option

contracts,

per one contract:

Charged to the Clearing Member which is

a party to the option contract, on the date

of settlement of the option contracts.

Charged to the cash collateral register

section whose code coincides with the

code of the position register section

where the obligations under the settled

option contract were recorded

- on futures contract on US dollar - RF rouble rate;

- on futures contract on common stock of OJSC Sberbank

of Russia;

- on futures contract on preferred stock of OJSC Sberbank

of Russia;

0.5 roubles

- on futures contract on common stock of OJSC Gazprom;

- on futures contract on common stock of OJSC LUKOIL;

- on futures contract on common stock of OJSC

Rostelecom;

- on futures contract on common stock of OJSC OC

Rosneft;

- on futures contract on common stock of OJSC Tatneft;

- on futures contract on common stock of OJSC MTS;

- on futures contract on common stock of OJSC

NOVATEC;

- on futures contract on preferred stock of OJSC

Surgutneftegaz;

- on futures contract on common stock of OJSC VTB Bank;

- on futures contract on common stock of OJSC RusHy

dro;

- on futures contract on refined bar gold;

- on futures contract on BRENT crude oil;

- on futures contract on euro – US dollar rate;

- on futures contract on euro - RF rouble rate;

- on futures contract on common stock of OJSC 

1 rouble
Moscow Exchange FBOT Form [Supplement S-1]

APPENDIX 11

[The NCC Clearing Rules. Part II “Tariffs”] 

11

Gazpromneft;

- on futures contract on common stock of OJSC NLMF

- on futures contract on common stock of OJSC MMC

Norilsk Nickel;

- on futures contract on RTS Index;

- on futures contract on common stock of OJSC

Surgutneftegaz;

- on futures contract on preferred stock of OJSC AK

Transneft;

- on futures contract on common stock of OJSC Severstal;

- on futures contract on refined bar silver;

- on futures contract on RTS Standard Index;

- on futures contract on refined bar platinum.

2 roubles

10. Commission fee for clearing at settlement of the

futures contracts executed at the Trading of Open

Joint-Stock Company “Moscow Energy Exchange”, per

one contract:

Charged to the cash collateral register

section whose code coincides with the

code of the position register section

where the obligations under the settled

futures contract were recorded

- on Average Electricity Price Index, in peak hours. 1 rouble

- on Average Electricity Price Index, in all types of hours

(main hours). 2 roubles