Fees and Charges - clearcorp
Services
Fees and Charges
Membership Charges
Clearcorp Dealing Systems (India) Ltd. has four business segments viz. Triparty Repo (Dealing) Segment, Forex Dealing Segment, Repo Dealing Segment and IRS dealing Segment.
Existing members may contact the Membership Department at (022) 6154-6551/52/53/54/55 for any queries relating to their standard transaction charges bills for various business segments.
The one-time membership fees and Transaction charges for Clearcorp’s various business segments are as under:
| Business Segment | One Time Membership Fees |
|---|---|
| Forex Dealing Segment | No Membership Fees |
| Triparty Repo Dealing Segment | Rs. 25,000/- plus applicable GST |
| Repo Dealing Segment | No Membership Fees |
| Rupee Derivatives Dealing Segment | No Membership Fees |
- The above Membership Fees to be paid by means of Banker’s cheque/Pay Order on any Scheduled Bank payable at Mumbai for Rs.25,000/- plus applicable GST drawn in favour of “Clearcorp Dealing Systems (India) Limited” along with submission of Membership Application Form.
- Schedule of dealing, as well as penalty and other charges, shall be as notified by Clearcorp Dealing Systems (India) Limited.
Transaction Charges
NDS OM -
Schedule of Fees and Charges
| Particulars | Charges |
|---|---|
|
|
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| 1. Dated Securities and Treasury Bills (Payable by each counterparty) | Rs 5/- per crore of face value for Dated Securities and Treasury Bills. The above charges are subject to Minimum of Rs. 5/- and Maximum of Rs. 250/- per trade. |
| 2. STRIPS (Payable by each counterparty) | Rs 5/- per crore are payable on Settlement Consideration. |
- Outright trades by individuals (including HUF) up to and including FVRs. 1 crore, traded/ Reported in NDS-OM will be exempted from trading charges. The counterparty to those trades would also be exempted from trading charges.
- Trades between CCIL Member and their Gilt Account Holders as well as Trades between two Gilt Account Holders of the same CCIL member, not settled through CCIL, will be exempted from trading charges.
- GST and applicable taxes shall be charged separately on the above fees and charges;
NDS CALL -
Schedule of Fees and Charges
| Particulars | Charges |
|---|---|
| NDS-CALL Trading/Reporting | 0.00002 percent of the value of the trade |
- For single side reported trades, trading charges (one side) will be collected only from the reporting member.
- GST and applicable taxes shall be charged separately on the above fees and charges.
CLEARCORP REPO ORDER MATCHING SYSTEM (CROMS) -
Schedule of Fees and Charges
| Particulars | Charges |
|---|---|
| CROMS Trading/Reporting | Rs 5/- per crore of face value. The above charges are subject to Minimum of Rs. 5/- and Maximum of Rs. 500/- for each repo trade. |
- Trades between CCIL Member and their Gilt Account Holders as well as Trades between two Gilt Account Holders of the same CCIL member, not settled through CCIL, will be exempted from trading charges
- GST and applicable taxes shall be charged separately on the above fees and charges. This Notification shall be effective from October 01, 2019
TRIPARTY REPO DEALING SYSTEM -
Schedule of Fees and Charges
| Particulars | Charges |
|---|---|
| OVERNIGHT AND TERM TRI-PARTY REPO TRADES (Includes Dated Securities, T-Bills & STRIPS) ( Payable by each counter party ) |
Rs. 5 per crore of repayment value of tri- party repo trade. |
- GST and applicable taxes shall be charged separately on the above fees and charges;
- This Notification shall be effective from October 29, 2018
FX-CLEAR DEALING PLATFORM -
Schedule of Trading Charges w.e.f 01st August 2019
| All members are hereby notified that Rs.20/- per USD million would be levied on all Interbank trades concluded on the FX-CLEAR Dealing Platform with effect from 01st August 2019. |
- GST shall be applicable for the above charges.
- The member bills for trades concluded on the Forex Clear Dealing Platform shall be raised at the end of every month and shall be payable by 10th day (or the next business day if 10th happens to be a holiday) of the subsequent month.
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|---|---|
| Particulars | Charges |
| One Time Customer Registration Charges** | |
| a. Individual(Resident), Non-Resident Individual, Sole Proprietorship and Hindu Undivided Family |
NIL |
| b. Other Categories | Rs. 1000* |
| Transaction Charges*** | |
| Monthly Turnover | Charges (applicable on the total INR Value) |
| a. Turnover < USD 200 million | 0.0004% |
| b. Turnover >= USD 200 million & < USD 350 million | 0.0003% |
| c. Turnover >= USD 350 million & < USD 500 million | 0.0002% |
| d. Turnover >= USD 500 million | NIL |
* GST is applicable on the above charges
** One Time Customer Registration charges
One Time Registration Charges is not applicable for Add Relationship Bank application.
*** No levy of transaction charges for the first 12 months of joining the platform for all categories of customers.
Note: The date of approval by first relationship bank would be considered as the joining date for the above purpose. The existing customers who have not completed 12 months after joining the platform as on the effective date (mentioned below) shall also be covered for the remaining period. For example, a customer who joined the platform on 01st January 2023; will not be levied transaction charges from 01st April 2023 up to 01st January 2024.
**** Transaction charges shall not be levied for transactions totaling up to USD 50,000 Concluded by a Customer in a day on the FX-Retail platform.
RUPEE DERIVATIVES DEALING PLATFORM -
Schedule of Fees and Charges
| Particulars | Charges |
|---|---|
| Rupee Derivatives Dealing Charges | Rs. 100/- per new trade dealt on the platform |
- GST and applicable taxes shall be charged separately on the above fees and charges;
- This Notification shall be effective from September 02, 2024