CDBL reduces transaction fees

Central Depository Bangladesh Limited (CDBL) has reduced share transaction fees by 14.50 per cent to 0.015 per cent, officials said.
The decision was taken at the CDBL's board meeting held on June 1 last and the reduced fee will come into effect from July 1, 2015.
Presently, the brokerage firms are to pay share transaction fee at a rate of 0.0175 per cent.
As per the CDBL's latest decision, the brokerage firms will have to give a fee of Tk 15 for the transaction of shares worth Tk 0.1 million.
Presently, a fee of Tk 17 is charged for transaction of shares worth Tk 0.1 million.
Before 2010, a fee of Tk 25 was charged for transaction of shares worth Tk 0.1 million.
Shuvra Kanti Choudhury, deputy managing director of the CDBL, said the transaction fee has been reduced following a demand of the brokerage firms.
"The market situation is also another reason for reducing the share transaction fee by the CDBL," Mr. Chowdhury said.
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