Transaction fee for Flood Control errors
The fee is designed to stimulate the appropriate use of the Exchange's IT infrastructure and to increase the quality of service to the market participants. Notifications are send in form of clearing reports.
The start of the charging of the transaction fee for Flood Control errors is on December 1, 2016.
Fee calculation methodology
- The fee is calculated for each trading system login; it is charged to the clearing account the login is tied to (same as for the fee for the erroneous transactions)
Step 1. Fee calculation for a second
- Seconds in which the number of Flood Control errors was less than 5% the number of allowed transactions for this login are not taken into account
- The fee at the second i is calculated based on the number x of flood control errors in this particular second:
Step 2. Calculation of the fee for a trading session
- The fee for a trading session is calculated as sum of fees for each second of the session
- Fees less than 1 000 rub for a session are not charged
- The upper limit for the fee for a session is 45 000 RUB
- In the first 2 trading sessions of each calendar month with a fee above 1 000 RUB the fee is not charged
Notification about the fee
The notifications are made via clearing reports.
usersfсXXYY.csv – contains information about fee size for each login; it is send in case when there is at least one login with a fee above 1000 RUB; on the first 2 days of the calendar month with the fees exceeding 1000 RUB the report is not sent.
| Field name | Field type | Field description |
|---|---|---|
| date | char(10) | Clearing date |
| kod | char(7) | Clearing account |
| account | char(2) | Type of the clearing acсount ('RF' – clearing firm; 'BF' – brokerage firm; 'CL' - client) |
| login | char(50) | Login name |
| maxmsg | numeric(10) | Login capacity as of the end of the trading session |
| sbor_err | numeric(16,2) | Transaction fee for the Flood Control errors |
tranfсfeeXXYY.csv – detailed information about Flood Control for each second.
| Field name | Field type | Field description |
|---|---|---|
| date | char(10) | Clearing date |
| moment | datetime | Timestamp (yyyy-mm-dd hh:mm:ss) |
| kod | char(7) | Clearing account |
| account | char(2) | Type of the clearing acсount ('RF' – clearing firm; 'BF' – brokerage firm; 'CL' - client) |
| login | char(50) | Login name |
| fc_count | numeric(10) | Number of Flood Control errors in the second |
| sbor_err | numeric(16,2) | Transaction fee for the Flood Control errors as of the given moment (calculated cumulatively) |
Clearing reports for flood control errors occurring on trading day T are sent out during the evening clearing session of the next trading day (T+1). Fees are debited during the evening clearing session of the next trading day (T+2).