Romanian Central Depository To Cut Maximum Fee For Treasuries Transactions At RON50

Shareholders of Romania’s Central Depository decided Monday to cut by 28.5% the maximum ceiling of the tax for treasuries from 70 lei (EUR1=RON4.2348) to RON50 per transaction, also removing the minimum level of the fee for the transfer of shares, bonds or rights.

Urmărește
7 afișări

Thus, the Depository will eliminate by year-end the minimum ceiling of RON0.5 per transaction for the tax for services compensating and discounting the transactions with shares, rights or fixed-income securities, but will keep the maximum ceiling of this fee at RON50 per transaction.

In addition, the Depository submitted to the National Securities Commission CNVM and the central bank BNR for approval the setup of a new category of participants in the registry and compensation-discounting system that discounts only the transactions with Bucharest Stock Exchange treasuries. The tariffs for this category of participants are significantly lower compared with the current participation ones that will be suspended by year-end, the depository announced Tuesday in a press release.

"Thus, the Central Depository continues to reduce tariffs and fees, given that this policy is part of the institution’s strategy to lower costs for the users of its system, taking into account the current economic and financial context," the press release stated.

By reducing taxes, the Depository aims to rise the liquidity of the transactions with BVB treasuries.

Conținutul website-ului www.mediafax.ro este destinat exclusiv informării și uzului dumneavoastră personal. Este interzisă republicarea conținutului acestui site în lipsa unui acord din partea MEDIAFAX. Pentru a obține acest acord, vă rugăm să ne contactați la adresa vanzari@mediafax.ro.

 

Preluarea fără cost a materialelor de presă (text, foto si/sau video), purtătoare de drepturi de proprietate intelectuală, este aprobată de către www.mediafax.ro doar în limita a 250 de semne. Spaţiile şi URL-ul/hyperlink-ul nu sunt luate în considerare în numerotarea semnelor. Preluarea de informaţii poate fi făcută numai în acord cu termenii agreaţi şi menţionaţi aici