The NSE has decided to allow set off of cash market annual subscription charges paid by members (brokers) against the transaction charges in the cash market segment.

The exchange has allowed carry forward of any unutilised amount at the end of the year to the next year.

Similarly, any unutilised amount of the advance F&O transaction charges at the end of the year has been allowed a carry forward.

These changes will be effective October 1.

Currently, the NSE charges Rs 3.25 a lakh of the traded value (with further slab-wise reduction) for transactions. Annual subscription for corporate members in the cash market segment is Rs 1 lakh and for non-corporate members it is Rs 50,000.

raghavendrarao.k@thehindu.co.in

(This article was published on September 12, 2012)
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