The Calcutta Stock Exchange
Clearing Banks

LIST OF CLEARING BANKS

1. HDFC BANK Stephen House Br.
4D, BBD Bag (East)
Kolkata - 700 001
   
Contact:
Mr. Sandeep Shah
Mobile No: 7439040762
   
2. AXIS BANK BBD Bagh Br.
64A, Hemant Basu Sarani
Near Stephen House
Kolkata - 700 001
   
Contact:
Mr. Shekhar Ganguly
Mobile No: 9830876777
   
3. UNITED BANK OF INDIA Royal Exchange Br.
10, N. S. Road,
Kolkata - 700 001
   
Contact:
Mr. Nabin Kumar Dash
Mobile No: 9007143797

 

Funding Facility for Members from HDFC Bank & Axis Bank for NSE/BSE operation through CSE

Axis Bank Ltd. and HDFC Bank Ltd. have expressed their desire to provide various funding facilities to the Member/brokers of The Calcutta Stock Exchange Ltd. under NSE/BSE platform to meet their various funding obligation which are detailed hereunder:

Sl No.
Product
Axis Bank
HDFC Bank
1
Bank Guarantee
Bank Guarantee in favour of CSE against 50 % margin (Customer own FDR) for transaction done in NSE/BSE.
Bank Guarantee in favour of CSE against minimum margin of 50 % (Customer own FDR) for transaction done in NSE/BSE.
2
OD against shares -Pledge of Bank approved shares.

- 50 % of value of share pledged. Minimum three shares to be pledged.

-Previous day closing price or last Friday’s closing price whichever is lower.

-Pledge of Bank approved shares.

- 50 % of value of share pledged. Minimum three shares to be pledged.

-Scrip diversification norms to be followed.

3
Pay- Out Discounting
-Request letter, Exchange obligation statement and Exchange confirmation to be provided.

-50% of total Pay out

-Request letter, Exchange obligation statement and Exchange confirmation to be provided.

-50% of total Pay out

4
OD against own FDR -Lien marking of FDR in favour of the bank.

-90% of FDR

-Lien marking of FDR in favour of the bank.

-90% of FDR

5
Intraday funding for exchange Pay-in requirements -Customer request, obligation report and exchange confirmation to be provided.

-Drawing power to be decided from case to case basis.

-Rate of interest 5% Per annum

-Customer request, obligation report and exchange confirmation to be provided.

-Drawing power maximum up to 50% of the payout amount.

Contact Person/s

1. Mr. Shekhar Ganguly (AVP)
Tel: 03322623356/57/58
Mobile No: 9830876777
Email Id:
shekhar.ganguly@axisbank.com

2. Mr. Amit Kumar Mishra (Senior Manager)
Fax: 03322623359
Mobile No: 9830086460
Email Id:
amitkumar3.mishra@axisbank.com

1. Mr. Sandeep Shah
Tel: 033-44026486
Mobile: 7439040762
E-mail :

2. Mr. Neel Shah
Tel: 033-44026486
Mobile: 9324272216
E-mail : neel.shah@hdfcbank.com

The terms & Conditions of such funding can be negotiated between bank and brokers on case-to-case basis.