Fee & Deposit Structure
Fees & Deposit Structure for each market segment i.e. Commodity Derivatives Market Segment or Currency Derivatives Market Segment
In US Dollars
| 1. |
Application Processing Fee (Non-refundable) |
0 |
0 |
0 |
For details please contact the Membership department |
| 2. |
Admission Fees
(Non-refundable) |
35,000 |
35,000 |
85,000 |
| |
Total |
35,000 |
35,000 |
85,000 |
- Initial Margin will be at US $ 20,000 per member per market segment (to be brought in through the respective Clearing Member.)
- Transaction Charges for the Commodity Derivatives Segment is USD 0.30 (single sided) and for the Currency Derivatives Segment is USD 0.15 (single sided)
General Notes: -
- Admission Fee for each market segment to be given along with the application form & documents for admission through separate demand drafts.
- VAT will be applicable (currently 15 %) on the Application Processing Fee, Admission Fee, Annual Subscription Fee and Transaction Charges.
- The Annual Subscription Fee for each market segment will be at US $ 6,000/-. The Annual Subscription for each market segment is payable by members on a half yearly basis. However, the subscription is waived for the first year of the Exchange’s operation.
- Each Clearing Member (i.e. an ITCM or PCM) shall have to deposit with GBOT a sum of US $ 20,000/- for each segment, for every TM for whom they function as a Clearing Member. The initial margin already brought in by an ITCM will be made available to the Clearing Member of the respective ITCM, where the ITCM associates with a PCM for the Clearing functions.
- Initial Margin’s are refundable after three years, upon surrender of the membership and after adjustment of all dues by the member.
An Early Bird Incentive Scheme is being offered. Please contact the Membership Department for further details