Currency Derivatives Segment Transaction Fees

Currency Options

Sr. No. Currency Options - Charges Applicable per crore on premium Value
(on both active and passive side)
1 Rs.100/-


Currency Futures

Sr.No. Incremental Monthly Turnover in Currency Futures (Rs. Crore) Currency Futures - Charges Applicable per crore
(on both active and passive side)
1 Turnover < Rs.5,000 Crores Rs.25
2 Turnover => Rs.5,000 Crores &
< Rs.10,000 Crores		 Rs.20
3 Turnover => Rs.10,000 Crores &
< Rs.20,000 Crores		 Rs.15
4 Turnover => Rs.20,000 Crore Rs.10

*For Currency Futures contracts, transaction charges will be applicable on the value of the transactions (Price X Quantity). For Currency Options contracts, transaction charges will be applicable on the Premium Value (Premium X Quantity) at the time of trading.


Reference Notices no: 20221109-8

Transaction charges for Currency Futures will be charged on Incremental monthly turnover at the end of the month as per above table. Illustration is provided below -


Date

Active Turnover in Currency Futures

(Rs. Crore)

Passive Turnover in Currency Futures

(Rs. Crore)

Total Turnover in Currency Futures

(Rs. Crore)

Cumulative Turnover in Currency Futures

(Rs. Crore)

Transaction Charges of Currency Futures at end of the month

(Rs. Crore)
01-12-2022 2000 2800 4800 4800  
10-12-2022 4000 1500 5500 10300  
20-12-2022 10000 5000 15000 25300  
31-12-2022 15000 10000 25000 50300  
Total Turnover at End of the Month 50300 678000


Transaction charges calculation (Example)
Slab 1 : 4999.99*25 = Rs.125000(rounded off) ( Calculation for turnover < Rs.5000 Cr)
Slab 2 : 5000* 16.50 (Discount of 25% on Rs.22)  = Rs.82500 (Calculation for turnover => Rs.5000 Cr & < Rs.10000 Cr)
Slab 3 : 10000 *Rs.15= Rs.150000 (Calculation for turnover =& Rs.10000 Cr & > Rs.20000 Cr)
Slab 4 : 30300.01* Rs.10 = Rs.303000 (rounded off)(Calculation for turnover => Rs.20000 Cr)


Interest Rate Derivative Segment Transaction Fees

Interest Rate derivatives contracts


Time Period Charges Applicable per crore of Turnover*
(On both active side and passive side of the transaction)
From January 01,2019 onwards Rs.10/-


*For Interest rate futures, transaction charges shall be applicable on the value of the transactions (price X quantity X Contract Multiplier)

Reference Notices no: 20190108-42