For non – resident clients
For resident clients

Account opening, maintenance, account closure

Free

Free

Minimum assets under management

0

0

Depositing funds to the brokerage account

Free

Free

Withdrawal of funds from the brokerage account

0.2% min. 20,000 AMD, max. 120,000 AMD

To resident banks of RA

Free

Outside of RA

min. 20,000 AMD, max. 120,000 AMD

Brokerage operations with securities

For non – resident clients
For resident clients
Purchase and sale of securities (Bonds, Shares, Fund units, Notes, Depositary receipts):

Foreign liquid securities, excluding Russian, and Armenian Eurobonds

0.15% from the transaction amount, min. 90,000 AMD

0.15% from the transaction amount, min. 25,000 AMD

Securities issued in the RA (including those traded on AMX), excluding Armenian Eurobonds

0.15% from the transaction amount, min. 90,000 AMD

0.10% from the transaction amount, min. 10,000 AMD

Russian securities

0.40% from the transaction amount, min. 90,000 AMD

0.40% from the transaction amount, min. 90,000 AMD

Provision of loans for the purchase of a car (car loans)

Buying and selling derivatives on the over-the-counter market

0.10% from the transaction amount, min. 10,000 AMD

0.10% from the transaction amount, min. 10,000 AMD

Buying and selling derivatives on the stock market

0.10% from the transaction amount, min. 10,000 AMD

0.10% from the transaction amount, min. 10,000 AMD

Repayment (expiration)derivative instruments

free

free

Discretionary portfolio management

Asset input and output

contractual

contractual

Performance Award

contractual

contractual

Management fee

contractual

contractual

Initial placement of securities

Organization of the initial placement

Terms of the contract

contractual

Organized by a broker

free

free

Organized by third parties (when the broker independently joins the securities of third parties for the initial public offering by reselling securities purchased from the underwriter)

free

free

Depository services

For non – resident clients
For resident clients

Account opening, maintenance, and closing

Free

Free

Custody of securities

Securities issued in Armenia

0.05% p.a

0.015% p.a

Armenian Eurobonds

0.05% p.a

0.015% p.a

Foreign liquid securities (with the exception of securities subject to Russian or separate accounting )

0.15 % p.a

0.10 % p.a

Russian securities

0.40 % p.a

0.40 % p.a

Securities subject to separate accounting

0.40 % p.a

0.40 % p.a

Depositing securities to the account on behalf of the client

free

free

Withdrawal of securities on behalf of the client

0.20% of the market price, less. 100 000 AMD

0.20% of the market price, less. 100 000 AMD

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