Membership Activation Drive
Metropolitan Stock Exchange of India Limited (formaly MSE) is pleased to launch Member Activation Month for all its de-activated and currently non-participating members to benefit from the completely revamped trading experience on the exchange platform.
MSE now has robust book, depth and liquidity on all segments of Currency Derivatives –
- USD-INR current month, next month and far month future contracts.
- GBP-INR, EURO-INR, YEN-INR future contracts.
- USD-INR Option Contracts.
- IRF contracts in 7.88 2030 Bond; 7.59 2029 Bond; 7.68 2023 Bond; 7.59 2026 Bond; 7.72 2025 Bond.
The depth and liquidity on each of these segments is at par with industry standards. Members can trade with minimum impact cost and utmost execution efficiency.
Who is eligible for this scheme?
All existing members of the exchange who have not traded before or since 1st April 2016 in the CDS segment on MSE shall be eligible for the scheme.
Duration of the scheme?
The special window of activation along with special benefits shall be applicable from 25 July 2016 to 30 August 2016.
Benefits of the Scheme?
1. No Transaction Charges during the scheme period up till aggregate volume of Rs.500cr.(See Table Below for Details)
2. IFD deposit towards leased line connectivity waived off.
3. No ATC (Advance Transaction Charge) collection.
4. Speedy approval process from all concerned departments.
5. Speedy linkage process for leased line connectivity, early CTCL approval process.
What are the applicable Transaction Charges?
Following charges will be applicable to only those members who get activated under the specific scheme till 30th August
| Transaction Charges Applicable under the Scheme till 30th August 2016. |
| Currency Futures |
Till aggregate trading volume of Rs.500cr |
NIL |
|
Aggregate volume above Rs.500 |
Rs.60 per crore of volume. (Only on incremental volume above Rs.500 cr) |
| Currency Options |
Till aggregate notional volume of Rs.500cr |
NIL |
|
Above aggregate notional trading volume of Rs.500cr |
Rs.25 per lakh of premium value |
| IRFs |
Till aggregate trading volume of Rs. 300cr |
NIL |
|
Above aggregate trading volume of Rs.300cr |
Rs.10 per crore of incremental volume above Rs.300cr. |
*All applicable Statutory Charges shall be levied separately.
**Applicable Transaction Charges for existing active members shall be as per the concerned Circular dated 12th July 2016.
| Transaction Charges Applicable for active and de-activated members from 1st September 2016. |
| Currency Futures |
Up to Rs. 2000 cr of aggregate volume |
Rs. 90 per crore |
|
Above 6000 cr of volume |
Rs. 80 per crore |
|
Between 4001 cr to 6000 cr of volume |
Rs. 70 per crore |
|
Above 6000 cr of volume |
Rs. 60 per crore |
| Currency Options |
Any volume |
Rs.25 per lakh of premium value |
| IRFs |
Any volume |
Rs.10 per crore |
*All applicable Statutory Charges shall be levied separately.
How to get activated on MSE?
Listed below is the complete activation process. MSE is facilitating special coordination for early activation.
Download circulars:
Circular(880) Nationwide Private Network(NPN) with Point of Presence(POP)
Circular(904) Revision of options and charges under Nationwide Private Network (NPN)
Who do I Contact?
You can write in to customerservice@msei.in. Or call on Customer Service Helpline No 91 22 61129010. You may also contact your respective Relationship Manager.