The schedule of fees and charges as per Notification No CCIL/FXS-CLS/23/01 dated January 18, 2023; effective from 1st April, 2023 is given below:
Billing
Particulars | Cost | Remarks |
CLS Trade processing fee (including submissions, amendments and
cancellations) | USD 3.95 | Per deal |
Any other charges | On actual basis | As charged by the settlement bank |
Error Financing Cost (for not adhering to
prescribed code word “/ACC/CLSFUNDING” in Field 72 of MT202 sent by Member
Banks) | On actual Basis | As charged by the settlement bank |
The above charges would be
uniformly applicable across Banks in India, IBU entities set up in IFSC-GIFT
city Gujarat and overseas branches of Indian Banks.
Following are the details
of the currency in which the CCIL CLS services invoice would be raised:
Details | Currency for billing |
Banks in India | INR terms |
IBU Entities | INR Terms |
Overseas branch of Indian
Banks | USD Terms |