Fees, tariffs and other payments

1. Exchange services

No	Name of the operation	Tariff (inclusive of VAT)
1.	Trades admission fee ¹	RUB 590 000
2.	Monthly fee:
	Services on Trades organization	RUB 5 900
	non-exclusive right to use software ²
	- server part ³	RUB 5 000
	- trading terminal ⁴	RUB 5 000
	- viewing terminal ⁵	RUB 2 500
3.	Exchange fee per contract	non-direct (anonymous) trades	scalping operations ⁶	direct (off- system) trades
3.1.	Month futures contract on electric power price index in the hub of the First Price Zone (Base-load hours)	RUB 13.00	RUB 6.50	RUB 39.00
3.2.	Month futures contract on electric power price index in the hub of the First Price Zone (Peak hours)	RUB 7.80	RUB 3.90	RUB 23.40
3.3.	Month futures contract on electric power price index in the hub of the Second Price Zone (Base-load hours)	RUB 7.80	RUB 3.90	RUB 23.40
3.4.	Month futures contract on electric power price index in the hub of the Second Price Zone (Peak hours)	RUB 5.20	RUB 2.60	RUB 15.60
3.5.	Quarter futures contract on electric power price index in the hub of the First Price Zone (Base-load hours)	RUB 39.00	RUB 19.50	RUB 117.00
3.6.	Quarter futures contract on electric power price index in the hub of the First Price Zone (Peak hours)	RUB 23.40	RUB 11.70	RUB 70.20
3.7.	Year futures contract on electric power price index in the hub of the First Price Zone (Base-load hours)	RUB 156.00	RUB 78.00	RUB 468.00
3.8.	Year futures contract on electric power price index in the hub of the First Price Zone (Peak hours)	RUB 93.60	RUB 46.80	RUB 280.80
4.	Information in electronic form and on paper medium upon request (futures contract specification, orders report, trades report, withdrawn orders report, positions turnover, etc.)	RUB 118 (file) RUB 354 (document)

¹ One off payment

² Not subject to VAT

³ Server part is the software that provides Trades organization (data storage, data processing and data output). A mandatory part of a monthly fee.

⁴ Trading terminal (transactional) is a part of the software that provides bids management, administration and Trades Participant’s data reception. The fee is charged per each connected terminal. The service is provided upon demand.

⁵ Viewing Terminal is a part of the software that allows obtaining anonymous market data without trading or administrative functions. The fee is charged per each connected terminal. The service is provided upon demand and is not part of mandatory monthly fee.

⁶ Scalping operations – conclusion of two futures contracts with the same contract symbol within one trading day out of which one is a buy non-direct order, the other is a sell non-direct order.

Payment for services of the Exchange including payment for the non-exclusive right to use the Software shall be effected within the time limits and according to the procedure provided for by the agreement.

Monthly user fee shall be collected in full volume of monthly payment in months:
- of Admission to the Trades,
- of quitting from the Trade Participants’ list.
Each party is subject to the contract transaction fee.

Documents (data) are provided upon request, but after the payment for the exchange services.

The Clearing House withholds the exchange fee for the registration of the futures contracts as per the clearing rules set forth in the Contract with the exchange.

2. Clearing House services

No	Name of the operation		Tariff ¹
1.	Settlement of futures contracts on the average electric power price Index for «Peak» type hours, per contract ²		RUB 1
2.	Settlement of futures contracts on the average electric power price Index for «Base-load» type hours, per contract ²		RUB 2
3.	Management of own or clients clearing registries (except for the registry of positions). Fee is charged per section per month if the report is per section (client) ³		RUB 120
4.	Mandatory closing out. The fee is charged per position ⁴		5 times the exchange fee that is set forth per contract
5.	Statement on status and movement of funds at the money register or depot register. Upon request. The fee is charged per paper statement. ⁵		RUB 300
6.	Reports in electronic and paper format upon request ⁵	per file	RUB 10
6.	Reports in electronic and paper format upon request ⁵	per report	RUB 300
7.	the Insurance Fund ⁶		RUB 500 000

¹ Inclusive of VAT

² Collected from the Clearing Participant, who is a party to a futures contract. Debited from the cash register section whose code coincides with code of the position register section where the obligations under the settled contract were registered.

³ 3The fee is charged per clearing participant. The fee is debited from the account specified by the clearing participant in the application.

⁴ The fee is charged per clearing participant subject to mandatorily closing out. The fee is debited from the account that matches the details of the mandatory closed out position.

⁵ The fee is debited from the account that matches the details of the mandatory closed out position.

⁶ One off payments. Charged from each trading participant. Not subject to VAT. Refundable.

Russian Federation, 123458, Moscow, Proezd 607, office 404, Business Centre "Zenith Plaza".
Phone/Fax: +7 (495) 228 80 91, 8-985-254-96-24
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