In 2004, DemirBank established “ADB Broker” for conducting broker and dealer transactions on the securities market.
The charter capital of ADB Broker is 170 000 AZN. The operations of the company is audited by “RR-VAM” audit firm.
ADB Broker is one of the shareholders of “Baku Stock Exchange” and owns 300 shares with the nominal value of 200 AZN each.
1. Commission of the National Depository Center and Baku Stock Exchange are not included in the tariffs of ADB Broker.
2. Commission depends on the volume of transaction and is paid by both parties.
Director of ADB Broker
Effendiyev Vagif Jamaleddin oglu
Legal address: 111 Nizami str., Baku
Actual address: 31 Qarabakh str., Baku
Landline: (994 12) 444 71 79
Mobile: (994 50) 313 32 49
Services and tariffs of ADB Broker:
|1. Short-term government bonds and the Central Bank’s notes.
|1.1. Trade - up to 15 days - from 15 days to 3 months - over 3 months
||0.015%, min 20 AZN 0.02% 0.03%
||Commission depends on the volume of transaction.
|1.2. Secondary market
||0.01%, min 10 AZN
||Commission depends on the volume of transaction and is paid by both parties. The Central Bank doesn’t charge commission.
|2. Repo transactions/ reverse repo
||0.001% for every day of transaction
||Commission depends on the volume of transaction and opening costs. The commission is paid by both parties. The Central Bank doesn’t charge commission.
|3. Corporate bonds
|3.1. Allocation regardless of the term of Issue
||0.06%, min 20 AZN
||Commission depends on the volume of transaction and is paid by both parties.
|3.2. Secondary market
||0.015% min 10 AZN
||Commission is paid by both parties.
|4. By shares
||0.55%, min 5 AZN, max 1 500 AZN
|4.2 Secondary market
||0.55%, min 2.50 AZN, max 750 AZN