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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.
* To be launched
shortly.
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.
The specimen of the application form as well as the other material including
the terms and conditions and salient features of the Trading Membership
are available with the Membership Department / Reception of CSE at
7, Lyons Range, Kolkata – 700 001
3.
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 Rs11, 236. /-(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.
4.
Applications can be made by individuals and corporate who are eligible
to become a Trading Member of CSE in accordance with the Rules, Bye-Laws
& Regulations of CSE and subject to such terms and conditions
as may be decided by CSE from time to time.
5.
The successful applicants selected by CSE shall be required to pay the
amount of the deposit as detailed below within one month from the
date of receipt of the letter of acceptance of offer by the person
/ corporate for Trading Membership of CSE. In case of failure of payment
within the scheduled time, the application would stand cancelled automatically.
The details of the two Schemes on being offered are given below
Terms of Membership revised with effect from 26th March 2012
The charges to be levied
for the proposed CSE-NSE /CSE-BSE trade were finalized as under:
1. New Member 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 |
Within one month of letter of
acceptance of CSE, following amounts are Payable |
|
Base Minimum Capital
·
Settlement Guarantee Fund (SGF)
·
Base Minimum Capital
* This can also be
paid in form of bank guarantee. |
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 |
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 |
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 Start
Note:
All the members
in this scheme will require opening their beneficiary account in CSE
DP (CDSL/NSDL). New members are allowed to adjust
Technology fees against turnover fees Excluding fees for BSE/NSE/SEBI/taxes)
within 6(Six) month from the date of activation, in case their Turn
over fee up to 6 months are 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.
2. Member with Stipulated Deposit without Guaranteed Turnover
Deposit Based Member /New Member have to pay the following deposits:
Particulars |
Amount (Rs) |
Refundable/Non Refundable/ Interest
Free/with Interest/Exposure |
Application Money and Processing
Fees |
10,000/- plus S.T |
Expense (At the time
of application ,not applicable for SEBI registered member) |
After Receiving SEBI Registration
the following amounts are Payable |
Base Minimum Capital
·
Settlement Guarantee Fund (SGF)
·
Base Minimum Capital
* This can also be
paid in form of bank guarantee. |
2,50,000/-
7,50,000/- |
Refundable, No Interest, No Exposure
Refundable, with Interest, No Exposure |
Admission to S G F |
10,000/- |
Non Refundable, Interest Free,
No Exposure |
Settlement Guarantee Fund (SGF)
for NSE Cash Segment |
50,000/- |
Refundable, Interest Free, No Exposure |
Additional Deposit for NSE Cash
Segment |
150000/- |
Refundable, Interest Free, Full
Exposure |
Settlement Guarantee Fund (SGF)
for NSE F&O Segment |
100000/- |
Refundable, Interest Free, No Exposure |
Additional Deposit for NSE F&O
Segment |
200000/- |
Refundable, Interest Free, Full
Exposure |
Technology Charges for NSE |
25,000/- plus S.T |
Expenses, Non Refundable |
BSE Stipulated deposit-Cash
Segment |
150,000/- |
Refundable, Interest Free, Full
Exposure |
Additional Deposit for BSE F&O
Segment |
100,000
|
Refundable, Interest Free, Full
Exposure |
Investor protection fund pa |
500/- |
Non Refundable |
Technology Charges For BSE |
25,000/- plus S.T |
Expenses, Non Refundable. |
Annual Subscription |
3000/- plus S.T |
Non Refundable |
Note:
All the members in this scheme will require opening
their beneficiary account in CSE DP (CDSL/NSDL). New members are allowed
to adjust Technology fees against their turnover fees(Excluding fees
for BSE/NSE/SEBI/taxes) within 6(Six) month from the date of activation.
Existing members are allowed to adjust Technology
fee of Rs.25000/- for each segment within 30th September, 2012 with
their Turnover Fee (excluding NSE/BSE, SEBI &Taxes).
Minimum guaranteed turnover fees per annum are not applicable for
this type of membership at present.
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 |
Settlement wise Turnover |
Turnover fee inclusive
of BSE/NSE Turnover Fees |
For Cash Segment |
|
Up to 7 Crores turn
over |
@Rs.650/-per crore
turnover(+taxes+SEBI Fee) |
Beyond 7 Crores to
15 Crores |
Rs.4550+@Rs.550/-per
crore(+taxes+SEBI Fee) on turnover over and above Rs.7 cr. |
Beyond 15 Crores |
Rs.8950/- + @Rs.450/-per
crore(+taxes+SEBI Fee) on turnover over and above Rs.15cr. |
For
F&O segment: |
|
Up to 10 Crores turn
over |
@Rs.390/-per crore
turnover (+taxes+SEBI Fee) |
Beyond 10 Crores to
25 Crores |
Rs.3900+@Rs.290/-per
crore (+taxes+SEBI Fee) on turnover over and above Rs.10
crores |
Beyond 25 Crores to
100 crores |
Rs.8250/-+@Rs.275/-per
crore (+taxes+SEBI Fee) on turnover over and above Rs.10
crores |
Beyond 100 Crores (on
incremental volume) |
Rs.28875+@Rs.225 per
crore on Turnover over above Rs.100 crores |
In case of Put/Call
option |
0.065% on Premium (+taxes+SEBI
Fee) |
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. Anupam Roy Bardhan |
8017360270 |
Mr. Sumit Sengupta |
9836900215 |
Mr. Tilak Bakshi |
9836112625 |
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.
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.
Download
Application Forms for Deposit Based Membership |
Individual
.pdf
.doc |
Partnership
.pdf
.doc |
Corporate
.pdf
.doc |
Download
Application Forms for CSE-NSE Terminal Activation: |
Individual Membership
.pdf .doc |
| Corporate Membership
.pdf .doc |
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