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Informist, Friday, Sep 27, 2024

--BSE: Transaction fee on Sensex, Bankex options revised from Oct 1

--BSE: Revised Sensex option trade fee 3,250 rupees/10 mln premium

--BSE: Revised Bankex option trade fee 3,250 rupees/10 mln premium

MUMBAI – The BSE Ltd has revised transaction charges for Sensex options and Bankex options, effective Oct 1. The revised transaction charge for options trades on both the indices will be 3,250 rupees per 10 mln rupees of premium turnover, the exchange said in a circular today. BSE has kept unchanged the transaction charges in Sensex futures and stock futures at nil, and that in stock options, Sensex 50 options at 500 rupees per 10 mln rupees of premium turnover, according to the circular.

Currently, BSE's transaction charges in Sensex options and Bankex options is based on five slabs of incremental billable monthly premium turnover. For the first 30 mln rupees of monthly premium turnover the transaction charge is 500 rupees per 10 mln rupees of premium turnover. For monthly premium turnover of above 30 mln rupees and upto 1 bln rupees, the current transaction charge is 4,950 rupees per 10 mln rupees. The charge is 4,700 rupees per 10 mln rupees of premium turnover where the monthly turnover is more than 1 bln rupees and upto 7.5 bln rupees, and 4,200 rupees per 10 mln rupees for monthly premium turnover above 7.5 bln rupees and upto 15 bln rupees. For monthly premium turnover of above 15 bln rupees and upto 20 bln rupees, BSE currently imposes a transaction charge of 3,700 rupees per 10 mln rupees. The charge is 2,950 rupees per 10 mln rupees of premium turnover when the monthly turnover is above 20 bln rupees.

The revisions by the BSE follow the Securities and Exchange Board of India's circular of Jul 1 where stock exchanges, clearing corporations, and depositories were asked to change the structure of their transaction charges imposed on the members in a way that will be "true to label" to the end clients of the members. The market regulator's reasoning was that the exact fees imposed on members are passed on to the end clients.

The BSE has also revised the transaction charges in its currency derivatives segment. The transaction charge for currency futures will be 45 rupees per 10 mln rupees of turnover value from Oct 1, the exchange said in a circular today. For currency options, the revised transaction charge will be 100 rupees per 10 mln rupees of premium turnover, it added.  End

Reported by Rajesh Gajra

Edited by Deepshikha Bhardwaj

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