BIST Increasing MRGYO.E 0.77 10.00 % EGCYO.E 0.33 10.00 % BMELK.E 1.1 10.00 % INTEM.E 7.26 10.00 % KNFRT.E 7.26 10.00 % Decreasing MTRYO.E 3.47 -9.87 % ATSYH.E 1.2 -4.76 % OZRDN.E 2 -4.76 % ISMEN.E 4.03 -4.73 % QNBFL.E 107.8 -3.75 % VIOP Most Change O_USDTRYKE0320P6150 % 900,00 O_EKGYOE0420P0.91 % -100,00 O_EKGYOE0420P0.91 % -100,00 O_EKGYOE0420P0.91 % -100,00 O_EKGYOE0420P0.91 % -100,00 Highest Open Position F_XAUTRYM0420 772.504 F_USDTRY0420 412.688 F_XU0300420 398.703 F_EKGYO0320 181.789 F_TSKB0320 155.686

USE OF BIST INDICES AS BENCHMARK


Use of BIST indices by institutional investors in collective investment instruments (investment trusts, investment funds, hedge funds, pension funds, etc.) as benchmark is subject to license and fee as from October 1, 2014.

Within the scope of cooperation with KYD Bilgi Yönetim ve İletişim A.S., as of July 1, 2015, Borsa İstanbul has assumed calculation and licensing of KYD indices that were being calculated earlier by KYD. In this context, use of BIST and BIST-KYD indices as benchmark is subject to same licensing agreement.

The monthly fees that are comprised of fixed and variable fees apply separately to BIST and BIST-KYD Indices. Fixed fee is applied regardless of fund size and the number of funds Licensee has. Variable fees are defined on the basis of the fund size.

Fees for BIST and BIST-KYD indices used by institutional investors in collective investment instruments as benchmark are indicated below.


1.
BIST INDICES

Fixed Fee:
350 TL / month

Variable Fee:
The monthly fee payable by the licensee for each Collective Investment Instrument on the basis of fund size is given in the fee schedule below.

 

 

Fund Size 
(TL)

License fee
(TL/month)

0 – 9,999,999

0

10,000,000 – 149,999,999

250

150,000,000 and over

450

In addition to the fee for using  BIST Indices as benchmark  defined on the basis of the fund size, for each addtional index after first index used as benchmark, 10 percent of license fee corresponding to the fund size is also paid by the licensee. As an example:  A fund whose size is 100.000.000 TL uses 3 BIST Indices as benchmark  should pay 250 + 250 * %10* (3-1) = 300 TL.


2. BIST-KYD INDICES

Fixed Fee: 
350 TL / month.

Variable Fee:
The monthly fee payable by the licensee for each Collective Investment Instrument on the basis of fund size is given in the fee schedule below.

Fund Size 
(TL)

License fee
(TL/month)

0 – 9,999,999

0

10,000,000 – 149,999,999

250

150,000,000 and over

450

In addition to the fee for using  BIST Indices as benchmark  defined on the basis of the fund size, for each addtional index after first index used as benchmark, 10 percent of license fee corresponding to the fund size is also paid by the licensee. As an example:  A fund whose size is 100.000.000 TL uses 3 BIST Indices as benchmark  should pay 250 + 250 * %10* (3-1) = 300 TL.



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Borsa İstanbul Fee Schedule