SEBI has issued a circular on August 6 2008 on Exchange Traded Currency Derivatives.

NSE invites applications for membership to the Currency Derivatives Segment.

• If you are already a member of NSE


• If you are a member of NCDEX


• If you are a Bank


• Others

The deposit requirements for currency derivatives segment is given below -

( Rs. In lakhs)   NSE Members NCDEX Members New Applicants   Deposits Trading Membership Trading cum Clearing Membership Trading Membership Trading cum Clearing Membership Trading Membership Trading cum Clearing Membership Professional Clearing Membership Networth 100 1000 100 1000 100 1000 1000 Security Deposit - NSEIL Cash 2 2 2 2 2 2 - Non-Cash 8 8 10.5 13 13 18 - Security Deposit - NSCCL Cash - 25 - 25 - 25 25 Non-Cash - 25 - 25 - 25 25

• Processing fee for NCDEX members & new applicants - Rs. 10,000/- plus applicable service tax.
  

Useful Links:

RBI Circular

SEBI Circular

RBI - SEBI Standing Technical Committee Report

Circulars on Currency Derivatives