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Brokers offering currency derivatives on the BSE platform will have to pay transaction charges of Rs 2 for every Re 1 crore of turnover starting December 1, said BSE in a circular on Thursday. The charges would be valid until January 31, 2015.
BSE further stated that these charges would be increased to Rs 4 per crore of turnover between February 1 and March 31, 2015, Rs 6 per crore between April and June 2015, Rs 8 per crore between July and September finally settling at Rs 10 per crore effective October 1, 2015.
For currency futures, transaction charges will be applicable on the value of the transaction that is price multiplied by quantity and for currency options, transaction charges will be applicable on the premium value that is premium multiplied by quantity.
However, the exchange will not levy any transaction charges on trades in the interest rate derivative segment, the circular said.
In its circular dated March 21, 2014, BSE had waived of transaction charges on currency derivative trades till November 30, 2014 and interest rate derivatives trades till January 31, 2015.
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