BSE notified regarding the Discontinuation and Waiving off Collateral Management charges and the Same Day Cash Collateral Withdrawal Charges for Commodity Derivatives Segment

Nov 03, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Secretarial ComplianceThe Bombay Stock Exchange (BSE) on November 03, 2023, notified regarding the Discontinuation and Waiving off Collateral Management charges and the Same Day Cash Collateral Withdrawal Charges for Commodity Derivatives Segment with reference to the Indian Clearing Corporation Ltd. (ICCL) no. 20181001-34 dated October 01, 2018.

The following has been stated:

While the Collateral Management charges were waived off from April 01, 2019, based on ICCL circular no. 20190513-28 dated May 13, 2019, ICCL has decided to discontinue Same Day Cash Collateral Withdrawal Charges for Commodity Derivatives Segment with immediate effect.

Also, any Same Day Cash Collateral Withdrawal Charges for Commodity Derivatives Segment incurred starting this financial year, i.e., from April 01, 2023, is not applicable.

[Notice No. 20231103-1]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT