Legal entities, individual entrepreneurs and notaries are provided with the possibility to trade foreign exchange currencies directly (without the intermediation of banks) through the BCSE trading system
ADVANTAGES OF DIRECT ACCESS TO TRADING
Market rate
Due to competition between all banks and other participants
Transaction management
Ability to independently make decisions at which rate and at what point to apply/ to make a transaction
Absence of bank commission
Absence of the bank commission on currency exchange operations performed at the BCSE trades
Agreement on participation in trading in foreign currencies;
Agreement on providing clearing and settlement services for foreign exchange transactions;
Amount of exchange and clearing fees, as well as fees for electronic document management system services for transactions in foreign currencies
INFORMATION ON DIRECT ACCESS TO TRADING IN THE CURRENCY MARKET
Video of the seminar for legal entities: Admission of Legal Entities to Trading in Foreign Currencies on BCSE
Video instruction to work in the currency market trading system
Presentation Currency Exchange Operations by Legal Entities at BCSE
ORDER TO ACCESS TO TRADING
- Prepare and submit a package of documents to BCSE. Forms of documents are presented below.
- Sign up in the Personal Account to interact with BCSE. Indicate the purpose of registration "Trade participant of the currency market”.
- Become a member of the BCSE electronic document management system (EDMS).
- Get Technical access to the BCSE trading system.
- Make monthly advance payments.
Candidate/Trade participant Application form (Application sample)
Copies of amended documents of the legal entity, and copies of documents confirming the state registration of the legal entity certified by the candidate`s authorized person.
A signatures card in the candidate`s form for officials empowered to sign proxies, contracts and other documents.
Admission application for participation in trading in foreign currencies (Application sample)
Applications for joining:
(sample of filling in on accession to the agreement on participation in trading in foreign currencies)
(Sample on joining the Agreement)
- Documents for the Certification Center:
- Proxy for each trader authorized to perform operations on behalf of the trade participant or a certified copy of the document (extract from the minutes of the decision of the authorized body, contract, etc.) confirming the right of the trade participant`s employee to act on behalf of the trading participant without a power of attorney
- List of settlements accounts based on trading results (Sample letter)
- Information on applied (unapplied) measures for violating the legislation of the Republic of Belarus regulating the order of operations in foreign currencies during the last two years before submitting the documents.
(Sample letter on applied measures)
(Sample letter on unapplied measures)
Documents are submitted on paper by mail or courier (for legal entities) or personally (for other categories) to the address: 48a, Surganova st., office 35а, 220013, Minsk, Belarusian Currency and Stock Exchange