|
Market
Access Fees
Candidate Members shall pay a one-off admission fee for each market they
want to trade in. The market access fees are shown in the Table below:
|
Admission Fees
and Additional Trading Privilege Charges (TRY) |
Before June 30,
2010 |
After June 30,
2010 |
|
Membership Admission
Fee+ Equity Market Trading Privilege * |
42.616 |
42.616 + 250.000 |
|
Membership Admission
Fee + Any Market Trading Priviledge except Equity Market.** |
42.616 |
42.616 |
|
Second Market Trading
Privilege |
25.569 |
25.569 |
|
Third Market Trading
Privilege |
17.046 |
17.046 |
|
|
14.156 |
14.156 |
|
Membership Admission
Fee + All Market Trading Privilege *** |
71.052 |
300.000 |
|
Commodities + **** |
14.156 |
14.156 |
* Candidate members
seeking to apply in terms of market trading privilege level after
June 30,2010 are liable to pay an additional 250.000 TRY to
“Membership Admission Fee” in case they choose to use ”Equity
Market Trading Privilege” as the “First Market Trading Privilege”.
To be taken into account before June 30, 2010 membership
applications must be recorded at the Exchange before this date.
** Candidate members
seeking to apply in terms of market trading privilege level after
June 30, 2010 are liable to pay 42.616 TRY as “Membership Admission
Fee” and “First Market Transaction Authorization” in case they
choose to use their trading privileges in different markets than the
“Equity Market”. However, those candidate members will be liable to
pay an additional 250.000 TRY with the corresponding fee to the
market trading privilege level which is preferred, if they choose to
use “Equity Market Trading Privilege” as the second, third or the
forth trading privilege. To be taken into account before June 30,
2010 membership applications must be recorded at the Exchange before
this date.
*** Prescribed
initial membership fee with trading privileges at all market
transaction authorization. “All Market” refers to all the markets
operating at the Exchange. To be taken into account before June 30,
2010 membership applications must be recorded at the Exchange before
this date.
****Prescribed
initial
membership fee with trading privileges at this market for those
members, who are not granted the authorization to effect
transactions at Commodity Plus Market but wish to perform
transactions therein, regardless of the authorization level shown
in the above table”
Transaction Fees
The table below
illustrates the fees that Exchange charges to its members:
Name of the Contract
|
Exchange Transaction Fee(%) |
|
TurkDEX-Aegeancotton |
0.001 |
|
TurkDEX-Anatolian
Red Wheat |
0.001 |
|
TurkDEX-TRYDollar |
0.004 |
|
TurkDEX-TRYEuro |
0.004 |
|
PD TRYUSDollar |
0.003 |
|
PD TRYEuro |
0.003 |
|
TurkDEX-ISE 30 |
0.004 |
|
TurkDEX-ISE 100 |
0.004 |
|
TurkDEX-Gold |
0.001 |
|
TurkDex-T-Benchmark |
0.001 |
Exchange
transaction fees are calculated on a monthly basis.
Contracts terminated by the Exchange after
the trading hours at the final settlement day charged as an ordinary
execution.
Membership
Collateral
Membership collateral is defined as 10,000 Turkish Lira.
Assets accepted as collateral;
-
Cash (TRY)
-
Government Securities issued by the Treasury Department (based
on thecurrent value calculated according to the prices form at the ISE
Bonds andBills market)
3. Unconditional,
definite and perpetual bank letter of guarantee in TRY terms
Annual
Membership Fees
Annual membership fee is TL 9,000 per year and it is due on the last
business day of each January.
Connection
Fees
Trading system of Turkdex is a fully computerized transaction system,
called “Turkdex Exchange Operations System” (TEOS) . Members use the
Exchange Access Terminal (VOBKE) to enter orders on TEOS through the
remote acces method. Fee Schedule for the use of VOBKE is as follows:
|
Number of VOBKE
|
License Fee
(per VOBKE) |
Extra Fee
(per VOBKE) |
Annual Maintenance
Fee
(per VOBKE) |
|
1 to 2 |
400 $ |
- |
60 $ |
|
More than 2 |
400 $ |
750 $ |
60 $ |
|