Sviaz-Bank Introduces New Brokerage Rates
OREANDA-NEWS. Starting with August 1, 2010, Sviaz-Bank will introduce new rates for services it provides to customers in the securities and forward markets. Its new line of products will comprise the Basic, Universal, VIP, Sub-Broker, Basic Forts, and VIP Forts rates, reported the press-centre of Sviaz-Bank.
The Basic rate is designed, in the first place, for beginning investors who do not go frequently to the stock market to make transactions. More active traders, can have a Universal rate plan in which commission is charged on and off daily, depending on turnover.
A special VIP rate has been developed for affluent customers who appreciate a personalized approach and want a full follow-up for their transactions. Brokerage companies operating under a sub-broker plan through the Bank would do well with a program named appropriately “Sub-Broker.”
Traders who make regular transactions in the RTS forward market can choose between the Basic Forts (commission is charged daily as a fixed rate for the number of contracts in a transaction) and VIP Forts (commission is charged as a fixed rate for the number of contracts in a transaction, the total commission per month being limited to a minimum).
The new rates are put into effect at the Head Office and regional branches. Customers will continue to receive guidance within their previous brokerage agreements.
You can learn about all changes in, and amendments to, Sviaz-Bank’s Rules for Customer Services on the Securities Market and Forward Market on the Bank’s site, section Stock Market Transactions or by calling the Bank’s Brokerage Services and Management in Trust unit at phone number: +7(495) 228 38 06.
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