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
