A

Settlement of Outright Trades

DATED SECURITIES & TREASURY BILLS

 ( Payable by each counter party )

Remaining Tenor to Maturity of the Security

Transaction Charges

Upto 3 Months

Rs.   50 per Crore

>3 Mth to 9 Mth

Rs.   75 per Crore

>9 Mth to 1 Yr

Rs. 100 per Crore

>1 Yr to 3 Yrs

Rs. 150 per Crore

> 3 Yrs

Rs. 200 per Crore

·     Transaction Charges on Outright Trades are payable on Face Value or Settlement consideration of Trades whichever is higher

·     Minimum charges Rs. 50 /-Maximum charges Rs. 7500/-per Trade.

·     Service Tax shall be applicable on above Charges at Applicable rate.

B

Settlement of Repo Trades

Particular

Transaction Charges

OVERNIGHT REPO AND TERM REPO TRADES

 ( Payable by each counter – party )

Rs. 15 per crore of face value for each leg of repo trade plus Applicable Service Tax

The above charges are subject to Minimum of Rs. 15/- and Maximum of Rs. 2500/- for each leg plus Applicable Service Tax.

C

Delayed payment of Transaction Charges and System Usage Charges.

( If payment is made after 10^th of a calendar month )

5 basis point per day, on the month of charges.

D

Penalty for Margin Shortfall

Penalty for Margin Shortfall.
(based on number of days in a calendar quarter)
(Intraday margin shortfall will be treated as a shortfall for one day.)

a) 5 basis point per day on the amount of shortfall for first three days.
b) 10 basis points per day on the amount of shortfall from day fourth onwards.
c) 20 basis points per day on the amount of shortfall from day fourteenth onwards till deposit of shortfall.(Charges below Rs. 25/- will be waived).

E

Payment to be made by the defaulting member when trade settled by CCIL

1) For Securities Default

2 ) For Funds Default

a) 5 basis point per day, on the amount of default till the replenishment of the security (Minimum charges would be Rs. 100/-). &
b) Charges incidental to meet such security default like Securities Line of Credit (SLOC) charges.

a) 5 basis point on the amount of default till the default is fully met (Minimum charges would be Rs. 100/-). &
b) Line of Credit (LOC) charges incurred by Clearing Corporation to meet such funds default.

F

Payment to be made by the defaulting member when trade allocated by CCIL

When Security default allocated.(Charges other than compensation payable by the defaulting Member)

a) 5 basis point on the amount of security default (Minimum charges would be Rs.100/-).
b) Compensation payable to the non-defaulting member as per Chapter VI of Regulations - Securities Segment, Para E 1.5 and E 2.5.