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Annual custody fee revision expands revenue sharing and funds DP incentives to promote BSDA uptake and inclusion. Revision of the annual custody fee increases per-folio charges with tiered minimums while retaining the existing folio calculation methodology and excluding temporary ISINs; depositories must set aside 20% of incremental issuer revenue to fund annual DP incentives, comprising a per-new-BSDA opening payment for accounts opened outside the top 15 cities that record at least one credit during the year and a per-folio per-ISIN holding payment for BSDA positions, with any surplus usable for broader financial inclusion and investor education measures, effective from financial year 2015-16.
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Annual custody fee revision expands revenue sharing and funds DP incentives to promote BSDA uptake and inclusion.
Revision of the annual custody fee increases per-folio charges with tiered minimums while retaining the existing folio calculation methodology and excluding temporary ISINs; depositories must set aside 20% of incremental issuer revenue to fund annual DP incentives, comprising a per-new-BSDA opening payment for accounts opened outside the top 15 cities that record at least one credit during the year and a per-folio per-ISIN holding payment for BSDA positions, with any surplus usable for broader financial inclusion and investor education measures, effective from financial year 2015-16.
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