Change in Clearing Member Affiliation

F&O Segment

(Circular No. 297, download reference no. NSE/MEMB/3661 dated October 07, 2002)

Trading Members on the F&O segment intending to change their association/affiliation from one Clearing Member to another in the F&O segment are required to submit the following documents:

Download NSE/MEMB/3661 (.doc)

Clearing Members undertaking such functions for every Trading Member are required to remit Interest Free Cash Security Deposit of Rs. 2 lakhs and Collateral Security Deposit of Rs. 8 lakhs to NSCCL on behalf of each such Trading Member.

CD Segment

(Circular No. NSE/MEM/2008/653, download reference no. NSE/MEMB/11534 dated October 23, 2008)

Trading Members on the Currency Derivatives segment intending to change their association/ affiliation from one Clearing Member to another in the Currency Derivatives segment are required to submit the following documents:

IRF on CD Segment

Trading Members on the Interest Rate Futures on Currency Derivatives segment intending to change their association/affiliation from one Clearing Member to another in the Currency Derivatives segment are required to submit the following documents:

Trading Members/Clearing Members are requested to take note of the above and ensure its due compliance accordingly.

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The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

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