Sub: Settlement Charges in respect of deals reported on BSE – NDS / RFQ / FIMMDA platform for settlement through ICCL pertaining to Corporate Bonds, CPs, CDs, REPO, GSEC etc.

All participants should note that, w.e.f. June 01, 2023, it is proposed to levy settlement charges on Value of deal (amount on which Stamp Duty is Calculated) for settlement of all deals as follows:

·         Rs.25/- + applicable Taxes, per deal will be charged to both buyer and seller participants for deal amount of 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 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.

For any further clarifications, Participants & Custodians may contact on the following numbers:

For and on behalf of Indian Clearing Corporation Ltd.

Ajay Darji                                                                                       Manish Mehta

Deputy General Manager                                                       Asst. General Manager

May 19, 2023