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Sri Lanka Equity Forum » Stock Market Talk » CDS charge 25/- every transaction in margin acct- did anybody get this?

CDS charge 25/- every transaction in margin acct- did anybody get this?

Go down  Message [Page 1 of 1]

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The banks / margin providers have informed investors that they have to charge Rs. 25/- in each and every sale or purchase done from 1 st of August 2016 as a new CDS levy.  
Eligibility is 100 shares or more in a transaction.

Hence now they are in a process of screening your bought / sold entries recorded during last 4 months and drawing money from your current account linked  to the margin facility .
You can't do any objections.

This money will be sent to CDS  and hereafter the levy will be charged monthly by reffering your bought / sold notes.

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