Calculation of Charges/Expenses/Penalties:
Schedule of Fees and Charges
Settlement of Trades (Payable by each counter-party)
1 mio to less than 3 mio
Note: GST shall be applicable on above 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.
A penal charge of 0.01% shall be levied on the amount Cash settled.
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 10:30 p.m. IST on the settlement date.
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