The Clearing Corporation of India (CCIL) on March 01, 2024, issued a notification regarding the Trade Repository for Commercial Papers /Certificates of Deposit / Nonconvertible Debentures/Repos in Corporate Bond/CPs/CDs
The revised charges shall be applicable with effect from April 01, 2024.
The following has been stated namely: -
• It is hereby notified that the following charges shall be applicable in respect of membership to CCIL’s Trade Repository for Commercial Papers, Certificates of Deposit, and Non-Convertible Debentures.
o A one-time Membership/Registration Fee of Rs. 25,000/- shall be payable per Segment for Commercial Papers (CPs), Certificates of Deposit (CDs), and Non-Convertible Debentures.
o Annual Maintenance Charges would also be levied on a per-segment basis based on the number of transactions of concerned members in the previous financial year as per the following slab
(i) 1 to less than 10 Trades Rs. 2,500/-
(ii) 10 to less than 100 Trades Rs. 5,000/-
(iii) 100 Trades and above Rs. 7,500/-
• It states that No charges are applicable for Repos in Corporate Bond (CBs)/CPs/CDs.
• It states that the GST and applicable taxes shall be charged separately on the above fees and charges
• The Annual Maintenance Charges bills for the current financial year shall be raised in the first quarter of the next financial year
[Notification No. CCIL/MEM/GEN/2023-24/06]
