Reduction of pledge / replacement rate for margin transactions by CDSL up to 91%

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Mumbai, Monday

CDSLA has decided to reduce the charge for margin pledge / margin unpledge for investors and now Rs. Will take charge. While only Rs.1 / - will be charged for each margin replacement or unplage of margin replacement. This will reduce the charge for such margin pledge / replacement transactions by up to 21 per cent from the current rate applicable to other pledge transactions.

SEBI's circular dated February 8, 2020 suggested a new margin mortgage system in which the shares in the investor's account could be mortgaged to the account of the trading member and thus to the account of the clearing members and clearing operations.

This arrangement will ensure that the security does not need to be transferred from the investor's account to the account of the trading members or clearing members for the purpose of mortgaging the securities of the clearing corporation for the purpose of margin as per the existing risk control system.

At present, Rs. 15 and Rs. Charges Rs. Market participants were also willing to pay Rs 15 per transaction in case of margin pledge and margin replacement which was mandatory as per the rules applicable from 01 August 2020.

“We met representatives of the broking community and some investors,” said Nehal Vora of CDSL. Who requested for consideration and review of charge reduction especially in respect of margin pledge / replacement transactions. The decision to reduce the charge was taken at their request and in the interest of market development and investors.


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