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Thursday, Jun 06, 2002

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CSE revises transaction rates in demat

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THE Calcutta Stock Exchange has announced changes in transaction charges for the demat rolling segment. It has informed the members that trade in the segment up to Rs 2 crore would involve a charge of 0.005 per cent.

The rates for trades in the Rs 2-5 crore range would be 0.004 per cent, while that above Rs 5 crore would be 0.0025 per cent, the CSE said in a communication to brokers.

For trades in the physical segment (trade-to-trade basis) up to Rs 20 crore, this would be 0.009 per cent. For trades more than this amount but not more than Rs 60 crore, this would be 0.008 per cent and for over Rs 60 crore 0.007 per cent.

The changes are a result of a decision taken by the committee of the exchange at a meeting held last month, it has been mentioned. The changed rates have already come into effect.

The exchange, meanwhile, has also clarified that the latest inspection of members' books and records has been taken up under the direction of the securities regulator.

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