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·        Tariffs are charged on the overall amount of the deal denominated in AMD applying mentioned interest.

·        Tariffs apply to the same extent in both purchase and sale operations.

·        Tariffs are fixed for each customer order

·        The minimum size of tariffs levied by the company shall not be less than:

o   AMD 5.000 for local markets

o   AMD 20.000 for foreign markets

·        Volume margins on sold/purchased securities fixed at stock exchanges also apply to customer orders.

·        In the event of foreign currency transactions tariffs are levied in AMD by conversion rates fixed by the company on transaction date.

·        Tariffs set by the company do not include commissions charged by other Institutions (trade systems, exchanges, depositories, custody, registrators,account operators  etc.).

"RENESA" CJSC Investment Company
Republic of Armenia,Yerevan 0010,16 Vardanants Street
Tel: 37410 548387,548383, 548787 (Fax),e-mail