Calculation of Charges/Expenses/Penalties:
Schedule of Fees and Charges
Settlement of Trades
(Payable by each counter-party)
Note: Service Tax shall be applicable on above Charges at Applicable rate.
|Trade Value (in USD)
||Charges (per trade accepted per segment)|
|Less than 1 mio
|1 mio to less than 3 mio
|3 mio to less than 5 mio
|5 mio to less than 10 mio
|10 mio to less than 20 mio
|20 mio and above
||Delayed payment of Transaction Charges and System Usage charges.
(If payment is made after 10th of a calendar month.)
|5 basis point per day on the amount of charges. |
A) Bank Rate plus 5% p.a per day on the amount of default (INR or USD) till the default is fully met and
b) Line of Credit (LOC) charges incurred by Clearing Corporation to meet such (INR or USD) default.
||Penalty on Cash Settlement
A penal charge of 0.01% shall be levied on the amount Cash settled.
||Penalty on delayed payment
Settlement obligations in US Dollar received by Clearing Corporation after the cut-off time on the settlement date shall be considered as delayed payment and the applicable charges shall be levied, The charges levied will be @ 0.30% p.a.plus applicable taxes shall be payable by members on the US Dollar settlement obligations received by Clearing Corporation after 8:30 p.m. IST on the settlement date.
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