If you have chosen not to maintain the minimum and maximum amounts, you can specify the minimum and maximum rates for commission calculations. If the brokerage calculated using this Rule ID exceeds the amount calculated using the maximum rate specified here, the maximum rate amount will be applied as commission. Similarly, if the commission amount falls below the amount calculated using the minimum rate, the minimum rate amount will be
considered as commission.

You can define the commission to be applied on the Basis Amount of a contract with a specific tier or slab structure.

The Rounding Period indicates the period up to which, you would like to round off commission calculation. Fractional periods, during the tenor of a contract are rounded up to the nearest whole period based on the Rounding Period that you maintain. The Good Until Date is calculated using the tenor of the contract and the Rounding Period. The good until date is the date (after rounding) up to which the commission will be applied.

Specification of Rate Period and Rounding Period is mandatory, for a tenor based commission. When the Rounding Period is Zero, the tenor is in days. When the rounding period is not zero, tenor is in months.

You should specify whether the Commission Rule you are defining is to be applied based on the tenor of the contract. The tenor of the contract is calculated as the difference between the Maturity Date and the Value Date of the contract. After the tenor is calculated, brokerage will be computed based on the tenor slabs defined in the ‘Tenor Based Rates’ section of the screen.