MSE ACT FOR COMMISSION AND FEES

 

EXTRACT OF THE MSE ACT FOR COMMISSION AND FEES
(Last changes - 15.03.2010)

I. Fees for trading in securities - Shares
 
For the concluded transactions with shares members of the Exchange are paying fees on a cumulative basis with the following rates:
 
up to 1.000.000 MKD
0,2%
1.000.001-5.000.000 MKD
0,05%
above 5.000.000 MKD
0,02%

 

 
 
 
 
II. Fees for trading in securities - Bonds

Members of the Exchange are paying 0,25% fee on the total turnover on traded Government bonds for all denationalisation issues.
Members of the Exchange are paying 0,125% fee on the total turnover on traded Government bonds for all denationalisation issues (If the member is trading as principal).
Members of the Exchange are paying 0,075% fee on the total turnover for all other traded bonds except Government bonds for all denationalisation issues.
 
 

III. Fees for trading in securities - Block trades

For block trades members of the Exchange are paying fees on a cumulative basis with the following rates:
 
up to 20.000.000 MKD
 0,25%
20.000.001-50.000.000 MKD
 0,15%
50.000.001-100.000.000 MKD
 0,10%
above 100.000.000 MKD
 0,075%

 



 
 

IV. Fees for publishing information according to the Law, through the Internet site of the Macedonian Stock Exchange
 
Single fee for publishing information for public offering of securities
3.000 MKD+VAT
Monthly fee for publishing information for public offering of securities
1.500 MKD + VAT
Single fee for publishing information for public offering according to the Law on takeover
10.000 MKD + VAT
Monthly fee for publishing information for public offering  according to the Law on takeover
3.000 MKD + VAT

 
V. Fees for distribution of stock exchange data

 

Distribution of real time stock exchange data for national distributors, with the right for redistribution

Single connection fee

18.450 MKD + VAT

Monthly  fee for distribution of real time stock exchange data, with the right for redistribution – direct data access

Level II

30.750 MKD + VAT

Level I

15.375 MKD + VAT

Monthly  fee for distribution of real time stock exchange data, with the right for redistribution – data access through vendors (sub-vendors)

Level II

18.450 MKD + VAT

Level I

10.455 MKD + VAT

Monthly  fee for distribution of real time stock exchange data, with the right for redistribution – for MSE Members

Level II

15.375 MKD + VAT

Level I

7.688 MKD + VAT

Monthly  fee for distribution of real time stock exchange data – per user

Level II

308 MKD + VAT exceeding the fifty user

Level I

Free of charge

Distribution of real time stock exchange data for foreign distributors, with the right for redistribution

Single connection fee

18.450 MKD

Monthly  fee for distribution of real time stock exchange data, with the right for redistribution – direct data access

Level II

30.750 MKD

Level I

15.375 MKD

Monthly  fee for distribution of real time stock exchange data – per professional user

Level II

615  MKD

Level I

308  MKD

Monthly  fee for distribution of real time stock exchange data – per non-professional user

Level II

123 MKD

Level I

62 MKD

Distribution of real time stock exchange data, without the right of  redistribution

Monthly fee for distribution of real time stock exchange data, without the right for redistribution – Level 1 and Level 2

5.000 MKD + VAT

Monthly fee for distribution of real time stock exchange data, without the right for redistribution – MB NET Product

10.000 MKD + VAT

Monthly fee for distribution of real time stock exchange data, without the right for redistribution

1. BESTNet Product

30 days subscription: 1.000 MKD + VAT

90 days subscription: 2.500 MKD + VAT

180 days subscription: 4.500 MKD + VAT

360 days subscription: 8.000 MKD + VAT

 

2. BESTNet Analitika Product

Annual fees:

17.850 MKD + VAT– one module

24.000 MKD + VAT – two modules

27.675 MKD + VAT – three modules

Discounts per user:

- every second user – 10%

- every third user – 30%

- every fourth user – 50%

- for the fifth and all additional users 70%

Distribution of stock exchange data, with at most a 15 minutes delay

Monthly  fee for distribution of stock exchange data - TICKER, with at most 15 minutes delay, with the right for redistribution

2.500 MKD + VAT for national users

3.075 MKD for foreign users

Monthly fee for distribution of stock exchange data – Level 1, with at most 15 minutes delay, with the right for redistribution – direct access

9.225 MKD + VAT

Monthly fee for distribution of stock exchange data – Level 1, with at most 15 minutes delay, with the right for redistribution – data access thought vendors (sub-vendors)

6.150 MKD + VAT for national users

9.225 MKD for foreign users

Monthly fee for distribution of stock exchange data – Level 1, with at most 15 minutes delay, with the right for redistribution – MSE Members

4.613 MKD + VAT

Monthly fee for distribution of stock exchange data – Level 1, with at most 15 minutes delay, with the right for redistribution  thought web site

3.075 MKD + VAT per internet domain

 

Distribution of stock exchange data – end of day

Monthly fee for distribution of stock exchange data – end of day, with the right for redistribution

5.000 MKD + VAT for national users

6.150 MKD for foreign users

License fees for index use

Annual fee for use of the MSE Indexes for the purpose of replicating their structure and using index names for commercial purposes in an investment fund

184.500 MKD + VAT

Annual fee for use of the MSE Indexes for the purpose of replicating their structure and using index names for commercial purposes in an financial product

184.500 MKD + VAT

Other information

Monthly fee for the redistribution of the indices that are calculated and published by MSE

Real time 3.690 MKD + VAT

15 minutes delay  2.460 MKD + VAT

End of day 1.538 MKD + VAT

Monthly fee for calculation of real-time Derived data

6.150 MKD + VAT

 Fees for foreign data distributers are VAT excluded

 

VI. Fees for listing of securities

 
Single fee for listing of shares
10.000 MKD
Annual fee for listing of shares
75.000 MKD
Single fee for listing of  Government bonds for all denationalisation issues
-
Annual fee for listing of  Government bonds for all denationalisation issues
-
Single fee for listing of all other bonds except Government bonds for all denationalisation issues
0,01% of the nominal value of the issue (not less than 10.000 MKD, and not more than 100.000 MKD)
Annual fee for listing of all other bonds except Government bonds for all denationalisation issues
40.000 MKD
Fee for listing of short-term securities
-

 
VII. Fees for membership in the Macedonian Stock Exchange

Fee for acceptance into the stock exchange membership
330.000 MKD
Single fee for connection in the BEST trading system
50.000 MKD
Single fee for connection of a broker working station
15.000 MKD
Monthly fee for membership in the stock exchange
12.000 MKD
Monthly fee for usage of the BEST trading system
2.000 MKD for the first user of working station; 1.500 MKD for the second user of working station; 1.000 MKD for all other following users of working stations
Monthly fee for usage of BerzaNet
1.000 MKD up to 5 users per member
Monthly fee for Integral access to the BEST Trading System (FIX Protocol)
15.375 MKD up to 4 working stations per member.
Monthly fee for connection with Central Securities Depository through the communication network of Macedonian Stock Exchange
3.000 MKD
Fee for professional exam for brokers organized by the Macedonian Stock Exchange
3.000 MKD
Monthly fee for usage of observer work station by the members in the Macedonian Stock Exchange
1.500 MKD

 

This is the extract of the MSE act for commission and fees. This document is available only in Macedonian language.

 
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Daily Report 3/24/2017

x

The Facebook page of the Macedonian Stock Exchange Inc. (MSE) only promotes the content published on www.mse.org.mk, www.mse.com.mk и www.mse.mk (Official web page data) and is in no way MSE’s official channel of communication with the public or MSE’s official information system for informing the public of issuers and type of Securities traded on MSE; price, volume and value of the Securities traded in the market; any data related to the trading activities on the MSE and any other information relevant to the operations of the MSE.

MSE doesn’t manage the technical infrastructure for distribution of the Official web page data to MSE’s Facebook page and therefore MSE shall not be liable or responsible for any inaccuracy and incompleteness of the Official web page data published on MSE’s Facebook page. The complete Official web page data can be found only on www.mse.org.mk, www.mse.com.mk and www.mse.mk.

MSE shall not be liable or responsible for the content published and opinions expressed by users on its Facebook page. The users themselves take full responsibility for what they publish.

MSE reserves the right to delete comments and posts, as well as to block the users who have published such comments and post, if MSE under its sole discretion finds such comments and post to be:
• unlawful, offensive, poorly educated, manipulative and misleading, use words, symbols or anything that incites or represent messages of violence, discrimination, profanity, or contain threats or intimidation of any kind
• violating copyright, trademark or other rights of third parties
• publishing private information of any person in violation of the law on personal data protection
• containing spam and advertising

x

The Twitter page of the Macedonian Stock Exchange Inc. (MSE) only promotes the content published on www.mse.org.mk, www.mse.com.mk и www.mse.mk (Official web page data) and is in no way MSE’s official channel of communication with the public or MSE’s official information system for informing the public of issuers and type of Securities traded on MSE; price, volume and value of the Securities traded in the market; any data related to the trading activities on the MSE and any other information relevant to the operations of the MSE.

MSE doesn’t manage the technical infrastructure for distribution of the Official web page data to MSE’s Twitter page and therefore MSE shall not be liable or responsible for any inaccuracy and incompleteness of the Official web page data published on MSE’s Twitter page. The complete Official web page data can be found only on www.mse.org.mk, www.mse.com.mk and www.mse.mk.

MSE shall not be liable or responsible for the content published and opinions expressed by users on its Twitter page. The users themselves take full responsibility for what they publish.

MSE reserves the right to delete comments and posts, as well as to block the users who have published such comments and post on MSE’s Twitter page, if MSE under its sole discretion finds such comments and post to be:
• unlawful, offensive, poorly educated, manipulative and misleading, use words, symbols or anything that incites or represent messages of violence, discrimination, profanity, or contain threats or intimidation of any kind
• violating copyright, trademark or other rights of third parties
• publishing private information of any person in violation of the law on personal data protection
• containing spam and advertising