BSE raises transaction charges on Bankex, Sensex options from May 13

BSE

BSE has raised transaction charges between 32 percent and 48 percent for turnover above Rs 3 crore on Bankex and Sensex options from May 13. This comes a day after Sebi asked the exchange to pay the regulatory fee based on the notional value of its options contracts and not based on the premium value.

For incremental billable monthly turnover up to Rs 3 crore, the transaction charges per crore have been unchanged at Rs 500. For more than Rs 3 crore and up to Rs 100 crore, charges have been increased 32 percent to Rs 4,950 per crore from earlier Rs 3,750.

Similarly, for more than Rs 100 crore and up to Rs 750 crore, the charges have been raised 34.2 percent to Rs 4,700 per crore from Rs 3,500. For more than Rs 750 crore and up to Rs 1,500 crore, charges have been raised 40 percent to Rs 4,200 per crore versus Rs 3,000 earlier.

For more than Rs 1,500 crore and up to Rs 2,000 crore, transaction charges have been hiked 48 percent to Rs 3,700 per crore against Rs 2,500 earlier. And for turnover above Rs 2,000 crore, charges have been increased 47.5 percent to Rs 2,950 per crore versus Rs 2,000.

Transaction charges as per the current methodology for S&P BSE Sensex Options and S&P BSE Bankex Options will continue to be levied from May 1 to May 10, 2024, and the revised charges will be applicable from May 13, 2024, onwards.

From May 13 to May 31, 2024, the premium turnover of these contracts (combined) will be cumulated, and the transaction charges will be levied based on the slab on the incremental turnover basis.

From June 2024 onwards, the premium turnover will be cumulated and the transaction charges will be levied based on the slab on the incremental turnover basis every month, BSE said.