07-Mar-2024 | 82.8925

04-Mar-2024 10:46

Lac Crs 390.69 | Tn $ 4.71

02-Mar-2024

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Clearing & Settlement


"Clearing Member" means a member of the Clearing Corporation who performs the functions such as Clearing, Settlement & Risk Management for the deals executed by themselves or their constituents which may include their clients, other trading members or Custodial Participants.

Types of Clearing Members

Type of membership Is a Trading Member (TM) of NSE International Exchange Clear and settle deals
Proprietary and clients of same TM Other TMs and Custodial Participants
Self Clearing Member Y Y -
Trading Member Clearing Member Y Y Y
Professional Clearing Member - - Y

 

Deposit and Net-Worth Requirements

Types of Membership Net Worth Requirement Interest Free Deposit to be kept with NSE International Clearing
Self Clearing Member 750,000 75,000
Trading Member Clearing Member 1,350,000 85,000
Professional Clearing Member 1,350,000 100,000

All amount mentioned above are in USD

Updated on: 17/02/2023