Membership of CSE
June 26, 2012
In partial modification of the Exchange Notice dated 26th
March 2012 regarding deposit requirements for trading membership of the
Exchange, trading members are hereby informed that the Additional Settlement Guarantee
Fund (SGF) deposit would be Rs. 5,000/- for all types of trading members. Accordingly, the deposit structure for all
trading members including those existing trading members would be as under:
Particulars |
Membership with Minimum Guaranteed Turnover Fees
(Amount in Rs.) |
Membership
with Stipulated Deposit (Amount
in Rs.) |
Nature
of the Payment / Deposit Refundable/Non-Refundable/Interest
free/with Interest/Exposure/No Exposure |
Base Minimum Capital/SGF: ·
BMC/SGF in
Cash ·
BMC/SGF (in
form of Cash/FD/ Bank Guarantee. |
2,50,000/- 7,50,000/- |
2,50,000/- 7,50,000/- |
Refundable, No Interest, No Exposure, Refundable, in case of pledged FD interest goes to
TMs. No Exposure |
Application Money and
Processing Fees |
10,000/- plus S.T |
10,000/- plus S.T |
Non-refundable (not applicable for existing SEBI registered CSE
members) |
Initial Contribution to
S.G.F. |
10,000/- |
10,000/- |
Non-refundable. No Exposure |
Deposit for Settlement
Guarantee Fund (SGF) for NSE Cash Segment |
5,000/- |
5,000/- |
Refundable if not utilized, Interest Free, No
Exposure |
Additional Deposit for NSE
Cash Segment |
10,000/- |
1,95,000/- |
Refundable, Interest Free, Full Exposure |
Deposit for Settlement
Guarantee Fund (SGF) for NSE F&O Segment* |
5,000/- |
5,000/- |
Refundable if not utilized, Interest Free, No
Exposure |
Additional Deposit for NSE
F&O Segment |
10,000/- |
2,95,000/- |
Refundable, Interest Free, Full Exposure |
Technology Charges for NSE |
See note |
25,000/- plus S.T |
Non-refundable |
Deposit for Settlement
Guarantee Fund (SGF) for BSE Cash Segment |
5,000/- |
5,000/- |
Refundable if not utilized, Interest Free, No
Exposure |
BSE Stipulated
deposit- Cash Segment |
10,000/- |
1,45,000/- |
Refundable, Interest Free, Full Exposure |
Deposit for Settlement
Guarantee Fund (SGF) for BSE F&O Segment* |
5,000/- |
5,000/- |
Refundable if not utilized, Interest Free, No
Exposure |
Additional Deposit for BSE
F&O Segment* |
10,000/- |
95,000 |
Refundable, Interest Free, Full Exposure |
Technology Charges For BSE |
See note |
25,000/- plus S.T |
Expenses, Non Refundable. |
Annual Subscription |
3000/- plus S.T |
3000/- plus S.T |
Non Refundable |
Investor protection
fund pa |
500/- |
500/- |
Non Refundable |
|
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Note: A. Conditions for New
Membership with Minimum Guaranteed Turnover Fees ·
All
the members in this scheme will require to open their beneficiary account in
CSE DP (CDSL/NSDL). ·
Technology
fee will be Rs.25000/- plus tax for BSE connectivity and Rs 25000/- plus tax
for NSE connectivity adjustable against their TOC (excluding
BSE/NSE/SEBI/taxes) within 6(Six) months from the date of activation. ·
In
case their Turn over fee up to first 6 months is 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.50,000/-(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. B ·
Conditions for Membership with Stipulated Deposit without
Guaranteed Turnover Fees ·
All the members in this scheme will
require to open 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.25,000/- for each segment within 30th
September, 2012 with their Turnover Fee (excluding NSE/BSE, SEBI &Taxes). |
The above schemes will also be applicable
to the existing members.
The Exchange authority decided that New Membership will be
offered only with one scheme i.e. Membership with minimum guaranteed turnover
fees.
The existing member without minimum guaranteed turnover
fees will be allowed to convert to the Membership with minimum guaranteed
turnover fee scheme up to 31th December 2012 .The difference in
amount toward CSE stipulated and other deposits including additional deposit
towards SGF would be refunded to those members who will opt for conversion
within above date.
B.Madav Reddy
MD & CEO