Leading stock exchange NSE has decided to continue the existing transaction charges in interest rate futures (IRFs) for six more months till March 31, next year.
Currently, the exchange is levying the transaction charges of Rs 0.12 per lakh of volume in the Interest Rate Futures (IRF) segment.
Furthermore, a contribution towards the NSE Investor Protection Fund Trust is payable by the trading members at 0.000005 per cent (Rs 0.005 per lakh of the turnover) on each side. The same was valid till September 30, 2015.
Now, “it has been decided, to continue the same for a further period of six months i.e. from October 1, 2016 till March 31, 2016, National Stock Exchange (NSE) said in a circular.
An IRF contract is an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today.
IRF platform has registered trade volume of Rs 1,32,500 crore during April-September period of the current fiscal.