Notice No.   20170329-2   Notice Date   29 Mar 2017
Category   Settlement/RMS   Segment   General
Subject   Clearing charges in Equity Cash Segment, Equity Derivatives Segment and Currency Derivatives Segment

In continuation  to our earlier notice No.20170316-43 dated March 16, 2017 on the captioned subject,  we would like to clarify on certain issues as under.

Operational Modalities :
·         The Invoices with applicable service tax will be generated on monthly basis for payment.
·         The Invoices will be made available to the Clearing Members through Extranet on monthly basis.
·         ICCL will swipe the Settlement Accounts of the Clearing Members maintained with the respective Clearing Banks.
Other issues :
·         In case of Custodial trades, the charges will be payable by Clearing Members only.
For any further clarifications, Clearing members are requested to contact their Relationship Manager or the undersigned officials.

Name of Official
Contact Number
Mr. Jigar Shah
Mr. Ravindra Palande
Mr. Sanjay Narvankar

 For and on behalf of Indian Clearing Corporation Ltd
Sanjay Narvankar
Dy. General Manager