A

Settlement of Outright Trades

1.

2.

Particular                                                                             

Transaction Charges

OUTRIGHT TRADES
Dated Securities & Treasury Bills

 ( Payable by each counter party ) 

Rs.95/- per crore of Face Value for Dated Securities

Rs. 45/ per crore of Face Value for Treasury Bills

Minimum Rs.20/- Maximum Rs. 4750/- per Trade for outright trades in Dated securities and Treasury Bills.

STRIPS Securities

 ( Payable by each counter party)

Rs.45/- per crore are payable on Settlement Consideration

Minimum Rs. 45/- Maximum Rs. 2250/- per Trade for outright trades in STRIPS

Outright trades by individuals (including HUF) up to and including FV Rs. 1 crore, received for settlement will be exempted from settlement charges.  The counterparty to those trades would also be  exempted from Settlement charges. 

B

Settlement of Repo Trades

1.

Particulars

Transaction Charges

Overnight& Term Repo Trades

(Includes Dated Securities, T-Bills & STRIPS)
( Payable by each counter party )

Rs 12.50 per crore of face value for each leg of a repo trade.

The above charges are subject to Minimum of Rs. 12.50/- and Maximum of Rs. 1250/- for each leg of repo trade.

  2.

Overnight &Term Tri-Party Repo Trades

(Includes Dated Securities, T-Bills & STRIPS)
( Payable by each counter party )

Rs. 10 per crore of repayment value of tri-party repo trade.

The above charges are subject to Minimum of Rs. 10/- and Maximum of Rs. 1000/- for each tri-party repo trade.

C

Penalty for Margin Shortfall

1

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

a) 5 basis point per Rs. 100 per instance(each single day of shortfall till replenishment  is counted as an instance) on the amount of shortfall  for first three instances(in a calendar quarter);

b) 10 basis points per Rs.100 per instanceon the amount of shortfall from fourth instance to 13th instance(in a calendar quarter).

c) 20 basis points per Rs.100 per instance on the amount of shortfall from fourteenth instance onwards(in a calendar quarter).

Minimum charges would be Rs. 100/- per instance.

D

Payment to be made by the member-in-shortage when settlement shortage is handled by CCIL

 1.

For Securities / Funds shortage

a) 5 basis point per Rs. 100 per day, on the amount of shortage till the replenishment of the security (Minimum charges would be Rs. 100/-).

and

b) Charges incidental to meet such security/ Funds shortage like Securities Line of Credit (SLOC) charges for securities shortage and LOC charges for funds shortage as provided in Securities Segment Regulations, Chapter VII  Para  F 1.4 / F 2.5 as the case may be.

E

Payment to be made by the member-in-shortage when Settlement Shortage is allocated by CCIL

 1.

2.

When Security shortage allocated

a) 5 basis point per Rs.100 on the face value amount of security shortage (Minimum charges would be Rs.100/-).                     --and--
b) Compensation payable by the member-in-shortage and receivable by the non-defaulting Allocatee member as per Chapter VII -Settlement Shortage & Defaults of Securities Segment Regulations, Para F 2.5. and Para F 2.6.

When Funds default allocated

a) 5 basis point per Rs.100 on the amount of funds default (Minimum charges would be Rs.100/-).                     --and--
b) Compensation payable by the member-in-shortage and receivable by the non-defaulting Allocatee member as per Chapter VII -Settlement Shortage & Defaults ofSecurities Segment Regulations, Para F 1..4 and F-1.5. .