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:
- 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
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Sr.No.
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Parameter
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Criteria
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Incentive Incremental Basis
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A
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Total Face Value Collected
(Monthly)
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Less Than Rs. 1 Cr.
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5 paise per Rs. 100
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Rs. 1 Cr. - Rs. 5 Crs.
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10 paise per Rs. 100
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Above Rs. 5 Crs.
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20 paise per Rs. 100
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B) No. of Unique Clients Introduced
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Sr.No.
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Parameter
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Criteria
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Incentive Incremental Basis
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B
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No. of Unique Clients introduced (Monthly)
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Less than 50 clients
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Rs. 25 per client
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50-150 clients
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Rs. 50 per client
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Above 150 clients
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Rs. 100 per client
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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,
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Ketan Jantre
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Sandeep Pujari
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Sr.GM-Trading Operations
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AGM-Trading Operations
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