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NOTICES
Notice No.   20181116-47   Notice Date   16 Nov 2018
Category   Trading   Segment   Debt
Subject   Introduction of incentive scheme for Trading members in Non-Competitive Bidding of G-sec and T-bills from Monday, November 19, 2018
 
Content

Trading Members are requested to refer notice number 20180423-42 dated April 23, 2018, regarding Launch of non-competitive bidding facility to participate in Auction for Government Securities conducted by RBI

For wider participation in this Non-Competitive bidding facility it is proposed to introduce an incentive scheme for trading members as given below:

Incentive structure shall be based on below mentioned parameters:

  1. Total Face Value Collected for all bids and                

    B.    No. of Unique Clients Introduced

Incentive structure shall be as below:

A) Total Face value collected  

Sr.No.

Parameter

Criteria

Incentive Incremental Basis

A

Total Face Value Collected

(Monthly)

Less Than Rs. 1 Cr.

5 paise per Rs. 100

Rs. 1 Cr. - Rs. 5 Crs.

10 paise per Rs. 100

Above Rs. 5 Crs.

20 paise per Rs. 100

 

B) No. of Unique Clients Introduced

Sr.No.

Parameter

Criteria

Incentive Incremental Basis

B

No. of Unique Clients introduced (Monthly)

Less than 50 clients

Rs. 25 per client

50-150 clients

Rs. 50 per client

Above 150 clients

Rs. 100 per client

 

The Exchange reserves the right to revise/modify/discontinue the incentive scheme at any point of time by providing 15 days notice

For any further clarifications, Trading members are requested to contact their designated Relationship Manager or BSE Fixed Income Group at 22728548/8377

 

 

For & On Behalf of BSE Ltd,

 

Ketan Jantre

Sandeep Pujari

Sr.GM-Trading Operations

AGM-Trading Operations