Bourse E-system of Trades is the automated (universal) system for complex management of currency risks and short - term liquidity of banks, on the basis of which:
- carried out electronic trades on currencies; - provided interactive input, ranking of applications of participants; - automatic conclusion of bargains at plural rates; - display of the current information to workplaces of dealers; - formation of final accounting documents.
ÂÅSÒ allows:
- to raise liquidity of an exchange segment of the financial market; - to spend currency transactions for a long time and to conclude bargains with various rates; - to lower system risks in the financial market; - to expand opportunities NBA, as regulating body in the financial market.
Advantages of the BEST
- banks have possibility to work and conclude the transaction directly from office. - banks have possibility to conclude the transaction at plural courses. - banks can conclude transactions with various tools: · with a tool TOD (calculations are carried out not later than day of the conclusion of the transaction), · with a tool TOM (calculations are carried out not later than next day after transaction fulfillment), · with a tool SPT (calculations are carried out not later than two days after day of fulfillment of the transaction). - Trading session proceeds from 10:00 till 17:00 - Calculations under transactions USD/AZN are in addition carried out by means of foreign clearing bank «DEUTSCHE BANK TRUST COMPANY AMERICAS». Commission of the BBVB constitutes: 0,03 % from a volume of transactions, concluded during one trading session. The size of the maximum commission caught from the buyer and the dealer in foreign currency constitutes 500$ recalculated in manat equivalent. A payment for realization of remittances in a foreign currency in banks-non-residents of the Azerbaijan Republic on the results of trading sessions on BBVB is the following: cost of one transfer not depended of the sum – 25 US dollars (including VAT)
The organization of the settlements
The result of the trades by a foreign currency carries out the Settlements chamber of the BBVB. For participation in trades at the BBVB the Participants have to transfer: - manat means for clearing account of the BBVB in the National bank of ÀR.
- means in US dollars – to the accounts of the BBVB in the National bank of ÀR, in the International bank of AR and to an account of the BBVB in “Deutsche Bank Trust Company Americas” New York.
- means in EUR – to the accounts of the BBVB in the National bank of ÀR, and to an account of the BBVB in “Deutsche Bank Trust Company Americas” New York. - means in Russian rubles to the account of the BBVB in the Clearing house of the Moscow Interbank Currency Exchange, Moscow - the Russian Federation.
