In order to increase the volumes of commercial paper registered in Interbolsa, to harmonize the costs charged to the securities representing short-term debt (commercial paper and treasury bills) as well as, in order to make the settlement cost of OTC operations more competitive, INTERBOLSA updated its price lists to accommodate those objectives.
The following changes were made to INTERBOLSA’s Fee Books:
Fee Book – Issuers Entities
- Exclusion of the commercial paper from the exception set out in point 2.1 a);
- Inclusion of treasury bills in the set of financial instruments, for which the minimum commission established in point 3.1, for the purpose of the registration of issues;
- Inclusion of treasury bills in the set of financial instruments, for which the minimum commission established in point 5.6 (previous 5.5) is charged for redemption or cancellation;
- Addition of point 5.3 to include a new price list to be applied to the corporate action that generate cash distribution (interest rate) on commercial paper issues;
- Renumbering of points 5.3 to 5.8;
- Rectification in point 3.3 of the reference from 5.5 to 5.6 and 5.7;
- Rectification in point 5 of the reference from point 5.5 to point 5.7.
Fee Book – Financial Intermediaries
- Exclusion of the commercial paper from the exception set out in point 2.1 a);
- Definition of sub accounts for the application of the fee book (point 4.3);
- Reduction of the price to be charged for each instruction settled in the real time settlement system that is not included in the scope of points 6.1 to 6.4, from 0.95 to 0.90 cents.
These amendments shall enter into force on 1st of February 2018.
Please find the new Fee Books on the INTERBOLSA Portal – in the “Information and Documentation” area.