Dated: 12th August 2013

 

NOTICE

 

Re: Various schemes of transaction charges available for trading members

 

Trading Members of the Exchange are aware that the from time to time the Exchange has brought various schemes of transaction charges for trading in BSE-CSE and CSE-NSE arrangements u/s 13 of SCRA.

 

The schemes of Transaction Charges available for trading members as on date are summarized below for BSE-Cash & FO and NSE-Cash & FO:

 

 

Scheme 1

 

Scheme 2

 

Scheme 3

 

Minimum Transaction Charges

No minimum Transaction charge.

Minimum Transaction Charges of Rs. 50,000 p.a.

Minimum Transaction Charges of Rs. 10,000 p.a.

Collection of transaction charges

Nil

On half-yearly basis (Shortfall of turnover charges charged/recovered and the minimum charge would be recovered in the first week of April and in the first week of October every year)

On Annual Basis Payable at the time of activation and thereafter at the beginning of the year in advance.

Technology Fee for BSE Cash and/or F&O

Rs.25,000/- Shortfall if any would be recoverable if the turnover charges charged/recovered is less than Rs.25,000/ in first 6 months of activation. (will be charged in the first week after completion of 6 months of activation)

Rs. 25,000/-. The member wound be exempted from this charge in case the recovery/charge of turnover charge during the first 6 months is 25,000 over and above the minimum Transaction Charge. Otherwise the difference of un-covered technology fee after adjustment of minimum turnover charge would be recovered in the first week after completion of 6 months of activation. 

Rs. 10,000/- payable in advance at the time of enablement for trading and no adjustment with transaction charges

Technology Fee for NSE Cash and/or F&O

Rs.25,000/- Shortfall if any would be recoverable if the turnover charges charged/recovered is less than Rs.25,000/ in first 6 months of activation. (will be charged in the first week after completion of 6 months of activation)

Rs. 25,000/-. The member wound be exempted from this charge in case the recovery/charge of turnover charge during the first 6 months is 25,000 over and above the minimum Transaction Charge. Otherwise the difference of un-covered technology fee after adjustment of minimum turnover charge would be recovered in the first week after completion of 6 months of activation. 

Rs. 10,000/- payable in advance at the time of enablement for trading and no adjustment with transaction charges

Interest free Deposit  in addition to BMC and / or SGF (with Exposure)

Rs.650000/- for single or multiple segments

Rs.10000/-

Rs.10000/-

Interest free Deposit to SGF of the respective segment of BSE/NSE(without exposure)

Rs.5000/-

Rs.5000/-

Rs.5000/-

Processing fee ( for new member)

Rs.10000/-

Rs.10000/-

Rs.10000/-

Contribution to SGF(for new member)

Rs.10000/-

Rs.10000/-

Rs.10000/-

Transaction Fee

Calculated on Settlement basis but excess amount of transaction fee recovered on daily basis will be refunded to member after reconciliation with members account on monthly basis.

Calculated on Settlement basis but excess amount transaction fee recovered on daily basis will be refunded to member after reconciliation with members account on monthly basis.

Calculated on daily basis and recovered on daily basis.

 

For Example: 1. Members who takes only NSE segment(s) and transaction charges recovered in first 6 month is Rs.35000/- in NSE-cash & FO, Then after 6 month Rs.15000/- will be recovered from the member who will opt Scheme 2 on account of NSE Technology charges Rs.25000/- and Minimum Transaction charges (half yearly) Rs 25000/.

 

2. Members who takes both BSE &NSE segment and transaction charges recovered in first 6 month is Rs.55000/- in BSE- Cash & FO and NSE-cash & FO, Then after 6 month Rs.20000/- will be recovered from the member who will opt  Scheme 2 on account of  BSE Technology charges Rs.25000/- ,NSE technology charges Rs.25000/- and Minimum Transaction charges( half yearly) Rs 25000/.

 

3. Members who takes both BSE &NSE segment transaction charges recovered in first 6 month is Rs.85000/- in BSE- Cash & FO and NSE-cash & FO, Then after 6 month no amount will be recovered from the member who will opt Scheme 2 on account of BSE Technology charges Rs.25000/-, NSE technology charges Rs.25000/- and Minimum Transaction charges (half yearly) Rs.25000/-.

 

4. Members transaction charges recovered in first 6 month is Rs.45000/- in BSE- Cash & FO and NSE-cash & FO, Then after 6 month Rs.5,000/- will be recovered from the member who will opt  Scheme 1 on account of  BSE Technology charges Rs.25000/- ,and NSE technology charges Rs.25000/-.

 

5.Members transaction charges recovered in the second half of the year is Rs 21000/- in BSE- Cash & F&O and NSE-Cash& F&O, then an amount of RS.4000/- will be recovered from the member who will opt scheme 2 on account of half yearly Minimum guaranteed transaction fee of Rs.25000/-.This short fall if any will be recovered either 1st week of October or April depending on activation of TWS.

 

6. If any member activated on 1st December in scheme 2, then minimum transaction charges up to 31st march will be proportionate i.e.16,667/- and shortfall if any will be debited in the 1st week of April. However shortfall on account of technology charges as detailed above will be debited in the 1st week of June.

 

The Details of the Scheme 3 offered to the new trading members as well as existing members are as follows:.

 

NEW SCHEME: 3

Rs.10,000/- as Minimum guaranteed Transaction Charges

 

 

 

 

 

 

Transaction charges

 

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.15cr.

For F&O segment:NSE

 

 Daily Turnover

Turnover fee inclusive of BSE/NSE Turnover Fees

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.25 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)

For F&O segment:BSE

 

 

Daily Turnover

Turnover fee inclusive of BSE/NSE Turnover Fees

Up to 10 Crores turn over

@Rs.250/-per crore turnover(+taxes+SEBI Fee)

Beyond 10 Crores to 25 Crores

Rs.2500+@Rs.150/-per crore (+taxes+SEBI Fee)on turnover over and above Rs.10 crores

Beyond 25 Crores to 100 crores

Rs. 4750/-+@Rs.135/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.25 crores

Beyond 100 Crores (on incremental volume)

Rs.14875+@Rs.85 per crore on Turnover over above Rs.100 crores

In case of Put/Call option

0.065% on Premium (+taxes+SEBI Fee)

 

The Trading Members who have earlier opted Scheme 1 or Scheme 2 may convert to the Scheme 3 wherein Minimum Guaranteed Transaction fee is Rs.10000/- by paying upfront Transaction Charges of Rs.10,000/- plus Service Tax and clearing the proportionate turnover fee and technology fee due for earlier scheme up to the date of application if any for the changeover.  New technology fee of Rs.10,000/- is applicable for the new members only. Technology fee, which was already paid as per the earlier scheme/s, will not be refunded. However the member who will apply for conversion from Scheme 2 to scheme 3 within one month from the date of notice, amount due to be recovered on account of Minimum guaranteed transaction fee will be considered retrospective effect i.e. from the date of activation. Members who have already paid the technology fee of Rs. 50,000/- to the exchange desire to opt scheme 3 within one month from the date of notice may be allowed to adjust the same with transaction charges within 6 months from the date of conversion.

 

 

B.Madav Reddy

MD & CEO