Sub: Revised Settlement Charges in respect of deals reported on BSE – RFQ platform for settlement through ICCL
Further to Circular No.20230519-11 dated May 19, 2023, all participants should note that, w.e.f. November 01, 2023, for all RFQ Deals the settlement charges on Value of deal (amount on which Stamp Duty is Calculated) for settlement are revised as follows:
· Nil settlement charges will be levied on unregistered participants for the period of 01/11/2023 to 31/03/2024 for value of deal upto Rs.50 lacs.
· Rs.5/- + applicable Taxes, per deal will be charged to both buyer and seller participants for deal amount of upto Rs.50 lacs.
· Rs.25/- + applicable Taxes, per deal will be charged to both buyer and seller participants for deal amount of above Rs.50 lacs and upto Rs.5 crores.
· Additional, Rs.5/- + applicable Taxes per crore will be charged for any deal above Rs.5 crore with maximum settlement charges capped to Rs.500/- + applicable Taxes per deal.
· All above Settlement charges will be collected on monthly basis from Registered entities and from Custodian for deals which are settled through Custodians.
In respect of unregistered counter party same will be collected from its Registered Counter Party / OBP for the deal.
· All participants are requested to update their correct address, email id’s, GST number etc. in their UCC details. Monthly bill will be generated and will be available for download through system.
· All other charges mentioned in circular no. 20230519-11 will continue.
For any further clarifications, Participants & Custodians may contact on the following numbers:
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Contact Number
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Email ID
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ICCL Settlement
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22725163 / 22725822 / 22728223 / 22725628 / 22728169 / 22725693
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cm_settlements@icclindia.com
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DEBT Team
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22728436 / 22728197
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debtinfo@bseindia.com
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For and on behalf of Indian Clearing Corporation Ltd.
Ajay Darji Mrunal Amberkar
Deputy General Manager Senior Manager
October 05, 2023 |