RTS to Fine Sluggish Traders
OREANDA-NEWS. Starting from October 29, 2007, the fine for delay in trades settlement in Anonymous trading is increased, RTS' press service reported.
Based on the decision of the Board of directors of OJSC RTS as of October 25, 2007, starting from October 29, 2007 a revised version of "Terms of Transactions Executed in the Electronic Trading" came into effect, pursuant to which the penalty fine for a delay in trades settlement was increased from 8% to 15% per annum from the sum of the trade for each day of delay. This change reflects the rates change on the cash market.
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