Regulations

• External Regulations
• Internal Regulations
• Tariffs

• Freezing and Pledge of Securities and their termination (in effect till 23.07.2025)

  Free of charge.

• Freezing and Pledge of Securities and their termination (in effect from 23.07.2025)

  Free of charge.

• Portfolio Management and other services (in effect till 23.07.2025)

  As per agreement.

   

  Tariffs set in foreign currency are charged at the exchange rate announced by the Central Bank against the Armenian dram․ Tariffs include only standard fees of Agents of “APRICOT CAPITAL” CJSC (hereinafter – the Company) (unless otherwise specified in the Tariffs), while non-standard fees charged by the Company’s Agents for transactions (including bank transfers) are subject to compensation by the Client. Commission amounts are rounded to 1 digit after the decimal point in the case of AMD and to 2 digits in the case of foreign currency, however, depending on the characteristics of the Agent through which the Client’s instruction or order is executed, the rounding of the commission may be to the detriment of the Client. In the absence of the appropriate currency funds on the Client’s Brokerage or Custody account, the Company has the right to charge the commission in another currency, equivalent to the commission or convert the Client’s funds expressed in another currency (in the amount of commissions) for the purpose of charging the commission, except for the cases provided by RA legislation. In the above mentioned case, commission fees are charged at the exchange rate offered by commercial banks cooperating with the Company, which is most favorable for the Client. The basis for calculating the market value of securities is the data obtained from authoritative sources (for example, Bloomberg, Yahoo Finance e.t.c.), as well as the information provided by the Agents of the Company through which the custody of these securities is carried out. In the absence of the market value of depository receipts, the market value of the security underlying the depository receipt may also be taken as a basis. Depending on the Client’s business profile, the nature, volume and riskiness of the transactions made by him, by the decision of the Executive Director of the Company for the Client may be set tariffs different from the Tariffs mentioned in this decision, about which the Client is properly notified in advance. Tariffs do not include VAT and are subject to taxation in the cases specified by RA legislation.

• Portfolio Management and other services (in effect from 23.07.2025)

  As per agreement

• Table 1. The interest rates charged for loans provided by “Apricot Capital” CJSC to the Clients (in effect from 18.04.2025)

   

  Currency	Percentage (Annual interest rate)
  GBP	8
  CAD	6․5
  EUR	8
  NZD	7․5
  JPY	4
  USD	8
  CHF	4
  AUD	7.1
  SEK	7
  RUB	22
  AED	8
  AMD	9

  For the currencies mentioned in this Table, the Initial Margin rate for margin transactions is 5%, and the Minimum Margin rate is 4%.

   

  Charged daily

• Table 2. Overnight interest rate on CFDs (in effect from 17.07.2024)

  Overnight interest rate on CFDs (Annual interest rate)

  Metals	Short position	Long position
  XAG/USD: Silver / US Dollar	-1.6	-13
  AU/USD: Gold / US Dollar	-1.3	-12.5
  XAU/AUD: Gold / Australian dollar	-0.2	-6.9
  XAU/EUR: Gold / Euro	-0.4	-10.5

   

  Currency pairs	Short position	Long position
  EUR/USD	0.4	-3.9
  AUD/USD	0.6	-3.4
  GBP/USD	1.3	-2.1
  USD/JPY	11	1.9
  USD/CHF	8.7	1.1
  USD/CAD	2.6	-1
  NZD/USD	1.6	-1.9
  Other	10 –	10

• Table 3. Initial and Minimum Margin rates for CFD transactions (in effect from 17.07.2024)

  Initial and Minimum Margin rates for CFD transactions

  Metals	Long position			Short position
  	Initial Margin	Minimum Margin	Concentration rate	Initial Margin	Minimum Margin	Concentration rate
  XAG/USD: Silver / USD	7%	7%	10%	7%	7%	10%
  XAU/USD: Gold / USD	5%	5%	7%	5%	5%	7%
  XAU/AUD: Gold / AUD	5%	5%	7%	5%	5%	7%
  XAU/EUR: Gold / EUR	5%	5%	7%	5%	5%	7%

   

  Currency pairs	Long position			Short position
  	Initial Margin	Minimum Margin	Concentration rate	Initial Margin	Minimum Margin	Concentration rate
  	2%	2%	5%	2%	2%	5%

• Table 4. List of stocks and exchange-traded funds (ETFs) requiring 25% Initial and 20% Minimum Margin (in effect from 28.03.2025)

  Security	Long position		Short position
  	Initial margin	Minimum margin	Initial margin	Minimum margin
  AAPL: Apple	25%	20%	25%	20%
  ADBE: Adobe	25%	20%	25%	20%
  AMZN: Amazon.com	25%	20%	25%	20%
  AVGO: Broadcom	25%	20%	25%	20%
  BRKB: Berkshire Hathaway Class B	25%	20%	25%	20%
  COST: Costco Wholesale Corporation	25%	20%	25%	20%
  DIS: Walt Disney Company	25%	20%	25%	20%
  GOOGL: Alphabet	25%	20%	25%	20%
  GOOG: Alphabet	25%	20%	25%	20%
  KO: The Coca-Cola Company	25%	20%	25%	20%
  META: Meta Platforms	25%	20%	25%	20%
  MSFT: Microsoft Corporation	25%	20%	25%	20%
  NFLX: Netflix	25%	20%	25%	20%
  NVDA: NVIDIA	25%	20%	25%	20%
  PEP: Pepsico	25%	20%	25%	20%
  TMF: Direxion Daily 20+ Year Treasury Bull 3X Shares	25%	20%	25%	20%
  TQQQ: ProShares UltraPro QQQ	25%	20%	25%	20%
  TSLA: Tesla	25%	20%	25%	20%
  UNH: UnitedHealth Group	25%	20%	25%	20%
  WMT: Walmart	25%	20%	25%	20%
  LLY: Eli Lilly & Co.	25%	20%	25%	20%
  JPM: JPMorgan Chase & Co.	25%	20%	25%	20%
  V: Visa	25%	20%	25%	20%
  MA: Mastercard	25%	20%	25%	20%
  XOM: Exxon Mobil Corporation	25%	20%	25%	20%
  PG: The Procter & Gamble Company	25%	20%	25%	20%
  JNJ: Johnson & Johnson	25%	20%	25%	20%
  ABBV: AbbVie	25%	20%	25%	20%
  HD: Home Depot	25%	20%	25%	20%
  CRM: Salesforce	25%	20%	25%	20%
  BAC: Bank of America Corporation	25%	20%	25%	20%
  CVX: Chevron Corporation	25%	20%	25%	20%
  ORCL: Oracle Corporation	25%	20%	25%	20%
  PM: Philip Morris International	25%	20%	25%	20%
  IBM: International Business Machines Corporation	25%	20%	25%	20%
  CSCO: Cisco Systems	25%	20%	25%	20%
  MCD: Mcdonald’s Corporation	25%	20%	25%	20%
  QCOM: Qualcomm	25%	20%	25%	20%
  GS: Goldman Sachs Group Inc.	25%	20%	25%	20%
  NOW: Servicenow, Inc.	25%	20%	25%	20%
  PLTR: Palantir Technologies Inc.	25%	20%	25%	20%
  NVDY: YieldMax NVDA Option Income Strategy ETF	30%	24%	30%	24%
  AMDY: YieldMax AMD Option Income Strategy ETF	30%	24%	30%	24%
  CONY: YieldMax COIN Option Income Strategy ETF	30%	24%	30%	24%

• Table 5․ Overnight rate for open positions with securities (in effect from 17.07.2024)
• Table 6. Tariffs of trades with Futures (in effect from 17.07.2024)

  Tariffs of trades with Futures

  1. ASX: Australian Securities Exchange	5 AUD
  2. CBOE: Chicago Board Options Exchange
  I. VIX: CBOE Market Volatility Index	10 USD
  II. VXM: Mini CBOE Market Volatility Index	5 USD
  3. CBOT: Chicago Board of Trade exchange
  I. XK: Mini Soybean ZW: Wheat ZW-ZC: Chicago SRW Wheat / Corn	10 USD
  II. Other	5 USD
  4. CME: Chicago Mercantile Exchange
  I. ACD: AUD/CAD, ECD: EUR/CAD	5 CAD
  II. AJY: AUD/JPY, CJY: CAD/JPY, ENY: E-mini Nikkei 225 – Yen denominated, M6J: Micro USD/JPY, NIY: Nikkei/Yen, PJY: GBP/JPY, RY: EUR/JPY	5 JPY
  III. ANE: AUD/NZD	5 NZD
  IV. BTC: Bitcoin	60 USD
  V. GE: Eurodollar, GF: Feeder Cattle	10 USD
  VI. ETH: Ether	15 USD
  VII. BTE: Bitcoin Euro Futures, ECK: CZK/EUR, EHF: Hungarian Forint/Euro (HUF/EUR) Cross Rate, EPZ: PLN/EUR, ETE: Ether Euro Futures	5 EUR
  VIII. CNH: USD/CNH	10 CNH
  IX. PSF: GBP/CHF, RF: EUR/CHF	5 CHF
  X. RP: EUR/GBP	5 GBP
  XI. ZAR: USD/ZAR	5 ZAR
  XII. Other	5 USD
  5. COMEX: Commodity Exchange
  I. EHR: North European Hot-Rolled Coil Steel (Argus)	10 EUR
  II. Other	10 USD
  6. EUREX: European Exchange
  I. BARH: Barclays	5 GBP
  II. FSMI: Blue Chip Index of SIX Swiss Exchange, FSMS: Micro Blue Chip Index of SIX Swiss Exchange	5 CHF
  III. Other	5 EUR
  7. HKEX: Hong Kong Exchange	40 HKD
  8. ICE: Intercontinental Exchange Europe
  I. ATW: Rotterdam Coal	15 USD
  II. C: European Emission Allowances	10 EUR
  III. NBP: UK Natural Gas	5 GBP
  IV. SA3: Three Month Saron Index Futures	10 CHF
  V. Other	5 USD
  9. ICE: Intercontinental Exchange United States
  I. RS: Canola	5 CAD
  II. CC: Cocoa, KC: Coffee C, SB: Sugar No. 11	15 USD
  III. Other	5 USD
  10. LIFFE: London International Financial Futures and Options Exchange
  I. C: Cocoa, T: UK Feed Wheat, Z: FTSE 100 Index, XZ: FTSE 100 Dividend Index	5 GBP
  II. I: Three Month Euribor	5 EUR
  III. RC: Robusta Coffee, W: White Sugar	5 USD
  11. NYMEX: New York Mercantile Exchange	10 USD
  12. OE: Osaka Exchange	400 JPY
  13. SGX: Singapore Exchange
  I. JB: SGX 10-Year Mini Japanese, NK: Nikkei 225 Index	10 JPY
  II. UC: USD/CNH	10 CNH
  III. Other	5 USD
  14. TOCOM: Tokyo Commodity Exchange	400 JPY