National
Stock Exchange (NSE) has decided to stop advance collection of service charges,
including transaction fee related to cash market, equity derivatives and
currency derivatives segments, from this month.
Moreover,
the NSE would not collect in advance annual charges for applications related to
connectivity and co-location. The step is effective for all new requests from
October 2017, as per NSE circular.
The
exchange shall raise appropriate bills on the member at the end of each month
for services consumed during that month. However, it said interest-free
security deposits and one time charges, if any, applicable, wherever, would be
collected in advance.
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