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Terms of Membership revised with effect from 26th March 2012




The Calcutta Stock Exchange Ltd. (CSE) is one of the oldest stock exchanges in the country. Under the initiative of SEBI it became a body corporate (de-mutualisation) in the year 2007. Among the prominent share holders of the Exchange are well known corporate houses like West Bengal Industrial Development Corporation, Hindustan National Glass, Emami, Patton Industries etc and Bombay Stock Exchange ltd. Besides being a 100 year old exchange which has witnessed many milestones in the growth of capital market in India, today it offers a wide variety of products under the same roof. Some of the key offering of the exchange are:

  • Access to three trading platforms NSE (NEAT) & BSE (BOLT) with CSE (C-STAR) - Cash & *F&O Segment. (Competitive & Attractive)
  • Attractive turnover charges
  • DP services CDSL & NSDL
  • Listing facility at NSE & BSE for companies listed with the exchange
  • Pan Card services
  • KRA for CVL & NDML
We would like to invite applications from prospective individual/corporate to avail the Deposit Based Membership of the exchange.

Terms and conditions for Deposit Based Membership:

The Trading Member applying under deposit based Membership scheme has only trading rights and no ownership rights of CSE.
  • The applications should be complete in the prescribed formats and in all respects.
  • 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 Rs.11236/- (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.


The details of the Scheme on being offered are given below

The charges to be levied for the proposed CSE-NSE /CSE-BSE trade were finalized as under:
New Member with Lower Deposit & with Minimum Guaranteed Turnover Fees:
Deposit Based Member /New Member with minimum Guaranteed Turnover fees has to pay the following deposits:

Particulars Amount (Rs) Refundable/Non Refundable/ Interest Free/with Interest/Exposure
Base Minimum Capital
Base Minimum Capital
  • Settlement Guarantee Fund (SGF)
  • Base Minimum Capital
* This can also be paid in form of bank guarantee/ FD.

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/- Non Refundable, Interest Free, No Exposure
Additional Deposit for NSE Cash Segment 10,000/- Non Refundable, Interest Free, No Exposure
Settlement Guarantee Fund (SGF) for NSE F&O Segment* 5,000/- Non Refundable, Interest Free, No Exposure
Additional Deposit for NSE F&O Segment 10,000/- Non Refundable, Interest Free, No Exposure
Technology Charges for NSE See note Non Refundable, Interest Free, No Exposure
Settlement Guarantee Fund (SGF) for BSE Cash Segment 5,000/- Non Refundable, Interest Free, No Exposure
BSE Stipulated deposit- Cash Segment 10,000/- Non Refundable, Interest Free, No Exposure
Additional Deposit for BSE F&O Segment* 10,000/- Non Refundable, Interest Free, No Exposure
Settlement Guarantee Fund (SGF) for BSE F&O Segment* 5,000/- Non Refundable, Interest Free, No Exposure
Technology Charges For BSE See note Non Refundable, Interest Free, No Exposure
Annual Subscription 3000/- plus S.T Non Refundable, Interest Free, No Exposure
Investor protection fund  pa 500/- Non Refundable, Interest Free, No Exposure

*as and when F&O Starts

NOTE: Conditions for the Scheme -
  • 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.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.

Transaction charges
The turn over fee is inclusive of NSE/BSE turn over fees.
Cash Segment of NSE/ BSE Turnover fee inclusive of BSE/NSE Turnover Fees Est. Turnover fee excluding fee of NSE/BSE/SEBI/ tax
Settlement wise Turnover
For Cash Segment
Up to 7 Crores Daily Turnover @Rs.650/-per crore turnover(+taxes+SEBI Fee) @325/- per Crore
Beyond 7 Crores to 15 Crores Daily Rs.4550+@Rs.550/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.7 cr. Rs.2275+ @225/- Per crore on turnover over and above Rs.7 cr.
Beyond 15 Crores Daily Rs.8950/- + @Rs.450/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.15cr. Rs4075/-+@125/- per crore ) on turnover over and above Rs.15cr.
For F&O Segment NSE:
Up to 10 Crores Daily Turnover @Rs.390/-per crore turnover(+taxes+SEBI Fee) @Rs.200/- per crore turn over
Beyond 10 Crores to 25 Crores Daily Rs.3900+@Rs.290/-per crore (+taxes+SEBI Fee)on turnover over and above Rs.10 crores Rs.2000/-+@Rs.100/- per crore on turnover over and above Rs.10 crore
Beyond 25 Crores to 100 crores Daily Rs. 8250/-+@Rs.275/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.25 crores Rs.3500/- +@Rs.85/- per crore on turnover over and above Rs.25 crore.
Beyond 100 Crores Daily (on incremental volume) Rs.28,875+@Rs.225 per crore on Turnover over above Rs.100 crores Rs.9875/- +@Rs.35/- per crore.
In case of Put/Call option 0.065% on Premium (+taxes+SEBI Fee) 0.015% on Premium

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:


Mr. Dhiraj Chakraborty 9830040901 Ms. Sripriya Senthilikumar 9836900227
Mr. Tilak Bakshi 9836112625 Mr. Sumit Sengupta 9836900215
Mr. Amar Ch. Sadhukhan 9748937505    
Additional Information


All Members of the Exchange are hereby informed that the various charges related to connectivity under C-STAR, BSE-CSE and NSE-CSE arrangements have been revised and shall be effective from 9th January 2012 as under:

Particulars Technology Fee / License Fee / Connectivity Charges
For trading in C-STAR and/orin BSE Arrangements For trading in C-STAR  and/orNSE Arrangements
LAN Connectivity CSE provides one time LAN connectivity FREE of cost in its LAN Buildings (subject to availability and feasibility and compliance of required formalities)
Router-Modem Connectivity:(In case of leased line members) Free

(1)   Member has to arrange and maintain required router (CSE Recommends CISCO 1905/K9 with 1 Serial Port), modems etc as per earlier notice dated 17/12/2007)
(2)   Bandwidth Requirement: For all markets together (CSE, BSE & NSE) leased line connectivity (Channelised E1) of min. 512 kbps or for any 2 min. 256 kbps or for any 1 min. 128 kbps is required (for single market-watch consisting of 100 scrips)>
VPN Connectivity(Application money is non refundable)(Ref. Notice dated  09/03/2009)

Option I : Appl. Money Rs. 5,000/-, Recurring Charges of Rs.500/- per month per terminal

OR

Option II : Appl. Money Rs. 2,000/-,  Recurring Charges Rs.750/- Per Month per terminal
1st Terminal (TWS) :
  • Free for C-STAR
  • Free for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn. (if required)
  • Free for C-STAR
  • License fee of Rs. 100/- pm per segment for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per year for ODIN Admn. . (if required)
2nd Terminal (TWS):
(Other than aforesaid 1st Terminal
  • Free for C-STAR
  • Free for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)
  • Free for C-STAR
  • License fee of Rs. 100/- pm per segment for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)
3rd Terminal (TWS) Onwards :(For each additional terminal over and above first two Terminals)

 Additional Connectivity charges of  Rs. 5,000/- per terminal(Any of CSE / BSE / NSE or All
  • Free for  C-STAR
  • Free for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn. . (if required)
  • Free for C-STAR
  • License fee of Rs. 100/- pm per segment for Fastrade
  • License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)
Shifting Charges of Terminals: Rs. 5,000/- (For single or all)
Charges for any additional work due to Damage / Renovation / Shifting of connectivity etc. To be borne by the beneficiary / requested member/(s)
Re-installation charges of front end software (on member's request), Rs. 500/- (For all or either per terminal per visit) (Free in case of Software / Exchange Requirements)

Note: Service Taxes will be levied wherever applicable.
Click here for Membership e-brochure


Also the details of the documents required to be submitted by various categories of members are available in our site www.cse-india.com

Download Application Forms from the below mentioned path / link:

http://cse-india.com/new_web/membershipform.php

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.
We will be glad to hear from you and will be happy to assist you further.

Eligibility criteria of the member

Contacts

Address: 7, Lyons Range, Dalhousie, Kolkata-700001, West Bengal

Phone: (033) 4025 3000

Email: cseadmn@cse-india.com

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