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:
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Letter from the Trading Member, requesting change in affiliation as per Annexure I.
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Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II.
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Letter from the Affiliating/Incoming Clearing Member as per Annexure III.
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Draft Clearing Member–Trading Member Agreement as per Annexure VIII A.
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:
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Letter from the Trading Member, requesting change in affiliation as per Annexure I.
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Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II.
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Letter from the Affiliating/Incoming Clearing Member as per Annexure III.
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Draft Clearing Member–Trading Member Agreement as per Annexure VIII B.
Download Annexure VIII B (.doc)
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:
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Letter from the Trading Member, requesting change in affiliation as per Annexure I.
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Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II.
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Letter from the Affiliating/Incoming Clearing Member as per Annexure III.
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Draft Clearing Member–Trading Member Agreement as per Annexure VIII C.
Trading Members/Clearing Members are requested to take note of the above and ensure its due compliance accordingly.
Commodity Derivatives Segment
(Circular No. 12/2019, download reference no. NSE/MSD/40687 dated April 08, 2019)
Trading Members on the Commodity Derivatives segment intending to change their association/affiliation from one Clearing Member to another in the Commodity Derivatives segment are required to submit the following documents:
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Letter from the Trading Member, requesting change in affiliation as per Annexure I.
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Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II
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Letter from the Affiliating/Incoming Clearing Member as per Annexure III.
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Trading Member – Clearing Member Agreement as per Annexure IV.
Updated on: 02/01/2020
