Date:
26th MARCH 2012
The Exchange has introduced two
membership schemes:
1. New Member with minimum guaranteed
turnover fees. 2. Member with stipulated deposit.
Terms and conditions for deposit
based membership:
The Trading Member has only trading rights and no ownership
rights of CSE.
1.
The applications should be complete in the prescribed formats and in all
respects.
2.
The specimen of the application form as well as the other material
including the terms and conditions and salient features of the Trading
Membership are available with the Membership Department / Reception of CSE at
7, Lyons Range, Kolkata – 700 001
3.
The application form in the prescribed format, complete in all respects
should be accompanied by an A/c Payee’s Demand Draft/Pay Order for Rs11, 236. /-(Rupees Eleven Thousand Two Hundred and Thirty Six
Only) drawn in favour of “The Calcutta
Stock Exchange Limited". The amount will be utilised as Membership Processing Charge and is not
Refundable.
4.
Applications can be made by individuals and corporate who are eligible
to become a Trading Member of CSE in accordance with the Rules, Bye-Laws &
Regulations of CSE and subject to such terms and conditions as may be decided
by CSE from time to time.
5.
The successful applicants selected by CSE shall be required to pay the
amount of the deposit as detailed below within one month from the date of
receipt of the letter of acceptance of offer by the person / corporate for
Trading Membership of CSE. In case of failure of payment within the scheduled
time, the application would stand cancelled automatically.
The details of the two Schemes on being offered are given
below
Terms of Membership revised with effect from 26th March 2012
The charges to be levied
for the proposed CSE-NSE /CSE-BSE trade were finalized as under:
1. New Member with Minimum
Guaranteed Turnover Fees.
Deposit Based Member /New Member with
minimum Guaranteed Turnover fees have to pay the following deposits:
Particulars |
Amount (Rs) |
Refundable/Non
Refundable/ Interest Free/with Interest/Exposure |
Within one month of letter of
acceptance of CSE, following amounts are Payable |
||
|
||
Base Minimum Capital ·
Settlement Guarantee Fund (SGF) ·
Base Minimum Capital * This
can also be paid in form of bank guarantee. |
2,50,000/- 7,50,000/- |
Refundable, No Interest, No
Exposure Refundable, with Interest, No
Exposure |
Application Money and Processing
Fees |
,10,000/- plus S.T |
Expense (At the time of
application ,not applicable for SEBI registered member) |
Admission to S G F |
10,000/- |
Non Refundable, Interest Free, No
Exposure |
Settlement Guarantee Fund (SGF)
for NSE Cash Segment |
5,000/- |
Refundable, Interest Free, No
Exposure |
Additional Deposit for NSE Cash
Segment |
10,000/- |
Refundable, Interest Free, Full
Exposure |
Settlement Guarantee Fund (SGF)
for NSE F&O Segment* |
5,000/- |
Refundable, Interest Free, No
Exposure |
Additional Deposit for NSE F&O
Segment |
10,000/- |
Refundable, Interest Free, Full
Exposure |
Technology Charges for NSE |
See note |
Expenses, Non Refundable |
BSE Stipulated deposit- Cash
Segment |
10,000/- |
Refundable, Interest Free, Full
Exposure |
Additional Deposit for BSE F&O
Segment* |
10,000/- |
Refundable, Interest Free, Full
Exposure |
Technology Charges For BSE |
See note |
Expenses, Non Refundable. |
Annual Subscription |
3000/- plus S.T |
Non Refundable |
Investor protection fund pa |
500/- |
Non Refundable |
*as and when
F&O Start
Note:
All
the members in this scheme will require opening their beneficiary account in
CSE DP (CDSL/NSDL). New members are
allowed to adjust Technology fees against turnover fees Excluding fees for
BSE/NSE/SEBI/taxes) within 6(Six) month from the date of activation, in case
their Turn over fee up to 6 months are less than Rs.25, 000/- inclusive
of Service Tax then the balance short fall amount will be debited to their
account immediately after 6 month
Minimum
Guaranteed Turnover fees per annum under this membership Scheme is Rs.50000/-(excluding
fees for BSE/NSE/SEBI/Taxes) and this amount will be collected settlement wise
if there is any shortfall in that year , it will be debited at the end of every
financial year.
2. Member with Stipulated
Deposit without Guaranteed Turnover
Deposit Based Member /New Member have to pay the following deposits:
Particulars |
Amount (Rs) |
Refundable/Non
Refundable/ Interest Free/with Interest/Exposure |
Application Money and Processing
Fees |
10,000/- plus S.T |
Expense (At the time of
application ,not applicable for SEBI registered member) |
After Receiving SEBI Registration
the following amounts are Payable |
||
Base Minimum Capital ·
Settlement Guarantee Fund (SGF) ·
Base Minimum Capital * This
can also be paid in form of bank guarantee. |
2,50,000/- 7,50,000/- |
Refundable, No Interest, No
Exposure Refundable, with Interest, No
Exposure |
Admission to S G F |
10,000/- |
Non Refundable, Interest Free, No
Exposure |
Settlement Guarantee Fund (SGF)
for NSE Cash Segment |
50,000/- |
Refundable, Interest Free, No
Exposure |
Additional Deposit for NSE Cash
Segment |
150000/- |
Refundable, Interest Free, Full
Exposure |
Settlement Guarantee Fund (SGF)
for NSE F&O Segment |
100000/- |
Refundable, Interest Free, No
Exposure |
Additional Deposit for NSE F&O
Segment |
200000/- |
Refundable, Interest Free, Full
Exposure |
Technology Charges for NSE |
25,000/- plus S.T |
Expenses, Non Refundable |
BSE Stipulated deposit-Cash
Segment |
150,000/- |
Refundable, Interest Free, Full
Exposure |
Additional Deposit for BSE F&O
Segment |
100,000 |
Refundable, Interest Free, Full Exposure |
Investor protection fund pa |
500/- |
Non Refundable |
Technology Charges For BSE |
25,000/- plus S.T |
Expenses, Non Refundable. |
Annual Subscription |
3000/- plus S.T |
Non Refundable |
Note:
All the members in this scheme will require
opening their beneficiary account in CSE DP (CDSL/NSDL). New members are
allowed to adjust Technology fees against their turnover fees(Excluding fees
for BSE/NSE/SEBI/taxes) within 6(Six) month from the date of activation.
Existing members are allowed to adjust
Technology fee of Rs.25000/- for each segment within 30th September, 2012 with
their Turnover Fee (excluding NSE/BSE, SEBI &Taxes).
Minimum guaranteed turnover fees per annum are not applicable for this type of
membership at present.
Transaction Charges for ALL with effect from 2nd. May 2012
till further notice.
Transaction charges |
|
The turn over fee is inclusive of
NSE/BSE turn over fees. |
|
Cash Segment of NSE/
BSE |
|
Settlement wise Turnover |
Turnover fee inclusive of BSE/NSE Turnover Fees |
For Cash Segment |
|
Up to 7 Crores turn over |
Rs.650/-per crore turnover(+taxes+SEBI Fee) |
Beyond 7 Crores to 15 Crores |
Rs.4550+@Rs.550/-per crore(+taxes+SEBI Fee) on turnover over and
above Rs.7 cr. |
Beyond 15 Crores |
Rs.8950/- + @Rs.450/-per crore(+taxes+SEBI Fee) on
turnover over and above Rs.15 cr. |
For F&O segment: |
|
Up to 10 Crores turn over |
Rs.390/-per crore turnover(+taxes+SEBI Fee) |
Beyond 10 Crores to 25 Crores |
Rs.3900+Rs.290/-per crore (+taxes+SEBI Fee)on turnover over and
above Rs.10 crores |
Beyond 25 Crores to 100 crores |
Rs. 8250/-+Rs.275/-per crore(+taxes+SEBI Fee) on turnover over
and above Rs.10 crores |
Beyond 100 Crores (on incremental volume) |
Rs.28,875+@Rs.225 per crore on Turnover over above Rs.100 crores |
In case of Put/Call option |
0.065% on Premium (+taxes+SEBI Fee) |
Out of the above
turnover fee collected from trading members in BSE/NSE segment Rs. 10/- per cr. Would be transferred to
Settlement Guarantee Fund and Rs. 10- would be transferred to Investor
Protection Fund created for NSE trading purpose However this transferred to SGF
& IPF for NSE trading is limited to 25% of the Turnover fee excluding
BSE/NSE fees.
For any further
information/clarification, interested applicants are requested to contact the
following officials in CSE:
Ms. Sripriya Senthilikumar |
9836900227 |
Mr. Dhiraj Chakraborty |
9830040901 |
Mr. Sumit Sengupta |
9836900215 |
Mr. Anupam Roy Bardhan |
8017360270 |
Mr. Amar Ch. Sadhukhan |
9748937505 |
Mr. Tilak Bakshi |
9836112625 |
Also the details of the documents
required to be submitted by various categories of members are available in our
site www.cse-india.com.
The completed application needs to be
sent in a sealed envelope marked "Application for Deposit
Based Membership" and addressed to the Managing Director & CEO, The Calcutta Stock Exchange Limited, 7,
Lyons Range, Kolkata - 700 001.
B.Madhav
Reddy
MD & CEO