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Fees & Transaction Charges

Schedule of Charges for Interbank trades w.e.f 02nd September, 2024
 

All Members of CCIL Trade Repository are hereby notified that following schedule of charges shall be levied on all Inter-bank OTC Forex Derivatives Trades reported to CCIL w.e.f  02nd September, 2024. 

SI. No.
Particulars
Charges
1.
New Trade Processing Fees- Reporting Charges
a)
Forex Forwards Rs. 125 per new trade (both outright and forward leg of swap trades) on matched basis in FCY-INR and FCY-FCY Forwards instruments.
b)
Other Derivative Trades Rs. 250 per new trade on matched basis in all other OTC forex derivative instruments processed in TR i.e. FCY-INR and FCY-FCY currency options, currency swaps, FCY Interest Rate Swaps,  FCY Forward Rate Agreements, FX Exotic, IR (Interest Rate) Exotic, Bond FRA, Swaptions , Interest Rate Options & CDS (Credit Default Swaps). A trade shall be charged when it gets matched in CCIL-TR. There shall be no charges for subsequent amendments, cancellations and reversals. In respect of Currency Options & Fx Exotic, a strategy shall be charged as a single trade regardless of the number of the trades within the strategy.
2)
Annual Maintenance Fee Rs.125 per outstanding trade on matched basis in FCY-INR and FCY-FCY Currency Options, Currency Swaps and FCY Interest Rate Swaps and Forward Rate Agreements, FX Exotic, IR (Interest Rate) Exotic, Bond FRA, Swaptions, Interest Rate Options & CDS. In respect of Currency Options, & Fx Exotic an outstanding strategy shall be considered to be a single outstanding trade regardless of the number of trades within the strategy. The number of outstanding trades will be computed as the yearly average of the number of outstanding trades at the end of each month. The annual maintenance fee will be computed at the end of every financial year. There is no Annual Maintenance fee applicable for Interbank forward trades.
3)
Annual Membership Fee Rs.25,000 per member of the OTC Derivatives Trade repository payable at the beginning (i.e. on April 1st) of every financial year.

Note:

a) The TR charges shall be applicable for Overseas Branches of Indian Banks & Related Entities of Standalone Primary Dealers (SPD).
b) GST shall be applicable for all the above charges.
c) Member bills for New Trade Processing fee shall be raised at the end of every month and shall be payable by 10th day (or the next business day if 10th happens to be a holiday) of the subsequent month.
d) Member bills for Annual Maintenance fee shall be raised at the end of every Financial Year and shall be payable by 10th day (or the next business day if 10th happens to be a holiday) of the first month of subsequent financial year. 
e) The Annual Membership Fee for the next financial year shall be raised at the beginning of the first month of the financial year and shall be payable by 10th day of the same month.
Schedule of Charges for Client trades w.e.f 02nd September, 2024
 

All members of CCIL Trade Repository are hereby notified that following schedule of charges shall be levied on all OTC Derivatives Client trades reported to CCIL w.e.f. 02nd September, 2024.

SI. No.
Particulars
Charges
1.
New Trade Processing Fees- Reporting Charges
a)
Forex Forwards

i)  Rs.100/- per trade for all new FCY Forwards
ii) Slab wise charges for FCY-INR Forwards as follows:

  • Trades with value upto FCY 10,000 – Rs.25/-
  • Trades with value greater than FCY 10,000 - 100,000 – Rs.50.
  • Trades with value greater than FCY 100,000 and up to FCY 250,000 – Rs.75/-
  • Trades with value greater than FCY 250,000 - Rs.100/-

There shall be no charges for subsequent amendments, cancellations, reversals and partial reversals
b)
Other Derivative Trades

Rs.200/- per new trade in all other OTC derivative instruments processed in TR i.e. Currency Options (FCY-INR & FCY-FCY), Cross Currency Swaps (FCY-INR & FCY-FCY), FCY Interest Rate Swaps & Forward Rate Agreement and INR Interest Rate Swaps FX Exotic, IR (Interest Rate) Exotic, Bond FRA, Swaptions , Interest Rate Options & CDS (Credit Default Swaps). 

There shall be no charges for subsequent amendments, cancellations, reversals and partial reversals. In respect of Currency Options & Fx Exotic, a strategy shall be charged as single trade regardless of the number of trades reported within the strategy.
2)
Annual Maintenance Fees

(i)   Rs.100 per outstanding reported trades in Currency Options (FCY-INR & FCY-FCY), Cross Currency Swaps (FCY-INR & FCY-FCY), FCY- Interest Rate Swaps & Forward Rate Agreement and INR Interest Rate Swaps, FX Exotic, IR (Interest Rate) Exotic, Bond FRA, Swaptions, Interest Rate Options & CDS.
(ii)  In respect of Currency Options & Fx Exotic, a strategy shall be charged as single trade regardless of the number of trades reported within the strategy.
(iii) The number of outstanding trades will be computed as the yearly average of the number of outstanding trades at the end of each month. The Annual Maintenance charges will be computed and generated as at the end of each financial year for all members of TR as at the year end.

Note:

a) The TR charges shall be applicable for Overseas Branches of Indian Banks & Related Entities of Standalone Primary Dealers (SPD).
b) GST shall be applicable for all the above charges.
c) Separate member bills for New Trade Processing fee in respect of client trades shall be raised at the end of every month and shall be payable by 10th day (or the next business day if 10th happens to be a holiday) of the subsequent month. 
d) Separate member bills for Annual Maintenance charges for client trades reported shall be raised at the end of every Financial Year and shall be payable by 10th day (or the next business day if 10th happens to be a holiday) of the first month of subsequent financial year.

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