The Calcutta Stock Exchange
Procedure for New Membership of CSE
Terms of Membership revised with effect from 26th March 2012

Click here for Membership e-brochure

 

The Calcutta Stock Exchange Ltd. (CSE) is one of the oldest stock exchanges in the country. Under the initiative of SEBI it became a body corporate (de-mutualisation) in the year 2007. Among the prominent share holders of the Exchange are well known corporate houses like West Bengal Industrial Development Corporation, Hindustan National Glass, Emami, Patton Industries etc and Bombay Stock Exchange ltd. Besides being a 100 year old exchange which has witnessed many milestones in the growth of capital market in India, today it offers a wide variety of products under the same roof. Some of the key offering of the exchange are:

  • Access to three trading platforms NSE (NEAT) & BSE (BOLT) with CSE (C-STAR) - Cash & *F&O Segment. (Competitive & Attractive)
  • Attractive turnover charges
  • DP services CDSL & NSDL
  • Listing facility at NSE & BSE for companies listed with the exchange
  • Pan Card services
  • KRA for CVL & NDML

We would like to invite applications from prospective individual/corporate to avail the Deposit Based Membership of the exchange.

 

Terms and conditions for Deposit Based Membership:

 

The Trading Member applying under deposit based Membership scheme has only trading rights and no ownership rights of CSE.

1.       The applications should be complete in the prescribed formats and in all respects.

2.       2. The application form in the prescribed format, complete in all respects should be accompanied by an A/c Payee's Demand Draft/Pay Order for Rs.11236/- (Rupees Eleven Thousand Two Hundred and Thirty Six Only) drawn in favour of "The Calcutta Stock Exchange Limited". The amount will be utilised as Membership Processing Charge and is not Refundable.

 

 

The details of the Scheme on being offered are given below

The charges to be levied for the proposed CSE-NSE /CSE-BSE trade were finalized as under:

 

New Member with Lower Deposit & with Minimum Guaranteed Turnover Fees

Deposit Based Member /New Member with minimum Guaranteed Turnover fees has to pay the following deposits:

Particulars

Amount (Rs)

Refundable/Non Refundable/ Interest Free/with Interest/Exposure

 

Base Minimum Capital

         Settlement Guarantee Fund (SGF)

         Base Minimum Capital

* This can also be paid in form of bank guarantee/ FD.

 

2,50,000/-

 

 

7,50,000/-

Refundable, No Interest, No Exposure

 

 

Refundable, with Interest, No Exposure

Application Money and Processing Fees

10,000/- plus S.T

Expense  (At the time of application ,not applicable for SEBI registered member)

Admission to S G F

10,000/-

Non Refundable, Interest Free, No Exposure

Settlement Guarantee Fund (SGF) for NSE Cash Segment

5,000/-

Refundable, Interest Free, No Exposure

Additional Deposit for NSE Cash Segment

10,000/-

Refundable, Interest Free, Full Exposure

Settlement Guarantee Fund (SGF) for NSE F&O Segment*

5,000/-

Refundable, Interest Free, No Exposure

Additional Deposit for NSE F&O Segment

10,000/-

Refundable, Interest Free, Full Exposure

Technology Charges for NSE

See note

Expenses, Non Refundable

Settlement Guarantee Fund (SGF) for BSE Cash Segment
5,000/-
Refundable, Interest Free, No Exposure

 BSE Stipulated deposit- Cash Segment

10,000/-

Refundable, Interest Free, Full Exposure

Additional Deposit for BSE F&O Segment*

10,000/-

Refundable, Interest Free, Full Exposure

Settlement Guarantee Fund (SGF) for BSE F&O Segment*
5,000/-
Refundable, Interest Free, No Exposure

Technology Charges For BSE

See note

Expenses, Non Refundable.

Annual Subscription

3000/- plus S.T

Non Refundable

Investor protection fund  pa

500/-

Non Refundable

*as and when F&O Starts

NOTE: Conditions for the Scheme -

· All the members in this scheme will require to open their beneficiary account in CSE DP (CDSL/NSDL).

· Technology fee will be Rs.25000/- plus tax for BSE connectivity and Rs 25000/- plus tax for NSE connectivity adjustable against their TOC (excluding BSE/NSE/SEBI/taxes) within 6(Six) months from the date of activation.

· In case their Turn over fee up to first 6 months is less than Rs.25,000/- inclusive of Service Tax then the balance short fall amount will be debited to their account immediately after 6 month.

· Minimum Guaranteed Turnover fees per annum under this Membership Scheme is Rs.50000/-(excluding fees for BSE/NSE/SEBI/Taxes) and this amount will be collected settlement wise if there is any shortfall in that year, it will be debited at the end of every financial year.

Transaction Charges for ALL with effect from 2nd. May 2012 till further notice.

Transaction charges
The turn over fee is inclusive of NSE/BSE turn over fees.
Cash Segment of NSE/ BSE Turnover fee inclusive of BSE/NSE Turnover Fees Est. Turnover fee excluding fee of NSE/BSE/SEBI/ tax
Settlement wise Turnover
For Cash Segment
Up to 7 Crores Daily Turnover @Rs.650/-per crore turnover(+taxes+SEBI Fee) @325/- per Crore
Beyond 7 Crores to 15 Crores Daily Rs.4550+@Rs.550/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.7 cr. Rs.2275+ @225/- Per crore on turnover over and above Rs.7 cr.
Beyond 15 Crores Daily Rs.8950/- + @Rs.450/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.15cr. Rs4075/-+@125/- per crore ) on turnover over and above Rs.15cr.
For F&O Segment NSE:
Up to 10 Crores Daily Turnover @Rs.390/-per crore turnover(+taxes+SEBI Fee) @Rs.200/- per crore turn over
Beyond 10 Crores to 25 Crores Daily Rs.3900+@Rs.290/-per crore (+taxes+SEBI Fee)on turnover over and above Rs.10 crores Rs.2000/-+@Rs.100/- per crore on turnover over and above Rs.10 crore
Beyond 25 Crores to 100 crores Daily Rs. 8250/-+@Rs.275/-per crore(+taxes+SEBI Fee) on turnover over and above Rs.25 crores Rs.3500/- +@Rs.85/- per crore on turnover over and above Rs.25 crore.
Beyond 100 Crores Daily (on incremental volume) Rs.28,875+@Rs.225 per crore on Turnover over above Rs.100 crores Rs.9875/- +@Rs.35/- per crore.
In case of Put/Call option 0.065% on Premium (+taxes+SEBI Fee) 0.015% on Premium

Out of the above turnover fee collected from trading members in BSE/NSE segment Rs. 10/- per cr. Would be transferred to Settlement Guarantee Fund and Rs. 10- would be transferred to Investor Protection Fund created for NSE trading purpose However this transferred to SGF & IPF for NSE trading is limited to 25% of the Turnover fee excluding BSE/NSE fees.

For any further information/clarification, interested applicants are requested to contact the following officials in CSE:

 

 

Mr. Dhiraj Chakraborty

9830040901

Ms. Sripriya Senthilikumar

9836900227

Mr. Tilak Bakshi 9836112625

Mr. Sumit Sengupta

9836900215

Mr. Amar Ch. Sadhukhan

9748937505

 

 

Additional Information

 

All Members of the Exchange are hereby informed that the various charges related to connectivity under C-STAR, BSE-CSE and NSE-CSE arrangements have been revised and shall be effective from 9th January 2012 as under:

 

Particulars

Technology Fee / License Fee / Connectivity Charges

For trading in C-STAR and/or

in BSE Arrangements

For trading in C-STAR  and/or

NSE Arrangements

LAN Connectivity

CSE provides one time LAN connectivity FREE of cost in its LAN Buildings (subject to availability and feasibility and compliance of required formalities)

Router-Modem Connectivity:

(In case of leased line members)

 

Free

(1)   Member has to arrange and maintain required router (CSE Recommends CISCO 1905/K9 with 1 Serial Port), modems etc as per earlier notice dated 17/12/2007)

(2)   Bandwidth Requirement: For all markets together (CSE, BSE & NSE) leased line connectivity (Channelised E1) of min. 512 kbps or for any 2 min. 256 kbps or for any 1 min. 128 kbps is required (for single market-watch consisting of 100 scrips)

VPN Connectivity

(Application money is non refundable)

(Ref. Notice dated  09/03/2009)

Option I : Appl. Money Rs. 5,000/-, Recurring Charges of Rs.500/- per month per terminal

OR

Option II : Appl. Money Rs. 2,000/-,  Recurring Charges Rs.750/- Per Month per terminal

1st Terminal (TWS) :

 

 

   Free for C-STAR

   Free for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn. (if required)

   Free for C-STAR

   License fee of Rs. 100/- pm per segment for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per year for ODIN Admn. . (if required)

2nd Terminal (TWS):

(Other than aforesaid 1st Terminal)

   Free for C-STAR

   Free for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)

   Free for C-STAR

   License fee of Rs. 100/- pm per segment for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)

3rd Terminal (TWS) Onwards :

(For each additional terminal over and above first two Terminals)

Additional Connectivity charges of  Rs. 5,000/- per terminal

(Any of CSE / BSE / NSE or All)

Plus

   Free for  C-STAR

   Free for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn. . (if required)

   Free for C-STAR

   License fee of Rs. 100/- pm per segment for Fastrade

   License fee Rs. 4000/- per segment per year for ODIN Client and Rs. 8000/- per for ODIN Admn . (if required)

Shifting Charges of Terminals:

(From one location to another location)

Rs. 5,000/-

(For single or all)

Charges for any additional work due to Damage / Renovation / Shifting of connectivity etc.

To be borne by the beneficiary / requested member/(s)

Re-installation charges of front end software (on member’s request),

Rs. 500/-

(For all or either per terminal per visit)

(Free in case of Software / Exchange Requirements)

 

Note: Service Taxes will be levied wherever applicable.


Click here for Membership e-brochure

 

Also the details of the documents required to be submitted by various categories of members are available in our site www.cse-india.com

Download Application Forms from the below mentioned path / link:

http://cse-india.com/new_web/membershipform.php


The completed application needs to be sent in a sealed envelope marked "
Application for Deposit Based Membership" and addressed to the Managing Director & CEO, The Calcutta Stock Exchange Limited, 7, Lyons Range, Kolkata - 700 001.

We will be glad to hear from you and will be happy to assist you further.

Eligibility criteria of the member