Membership Types

These are four types of membership to choose from:

TCMs shall be the Members admitted as such by the Exchange who shall be entitled to trade on Exchange on behalf of their constituents/clients and/or on their own account and shall also be entitled to clear and settle all such trade done by them.

Notes

  • Members are permitted exposure on the Base Capital.

  • Members will not be permitted exposure on the Base Minimum Capital and IFSD.

  • Net worth is required to be computed as per L.C .Gupta method.

  • All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.NCDEX/RISK-014/2018/194 dated August 07, 2018. No exposure will be allowed on the same.

TM will have the rights to trade on the Exchange platform on their own account as well as on account of clients registered with them but shall have no right to clear and settle such trades themselves. TMs will have to get affiliated with any one of PCM/STCM for clearing their trades/transactions.

Notes

  • Members will not be permitted exposure on the Base Minimum Capital and IFSD.

  • Net worth is required to be computed as per L.C.Gupta method.

STCM registered with the Exchange may, in addition to existing rights and responsibilities as TCM, shall be entitled to and liable to settle and clear the trades/transactions done by the Members affiliated with it viz. TCMs or TMs.

Notes

  • Members are permitted exposure on the Base Capital.

  • Members will not be permitted exposure on the Base Minimum Capital and IFSD.

  • Net worth is required to be computed as per L.C.Gupta method.

  • All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.NCDEX/RISK-014/2018/194 dated August 07, 2018. No exposure will be allowed on the same.

  • In terms of circular number NCCL/MEMBERSHIP-005/2018 dated November 14, 2018, all Clearing Members are required to maintain additional Cash Security Deposit of Rs.10 lakhs in cash for every Trading Member registered with them. Exposure shall be given on such additional Cash Security Deposit.

PCMs shall be the Members admitted as such by the Exchange who shall be entitled to clear and settle trades/transactions done by the other members of the Exchange viz. TCMs or TMs affiliated with them. PCMs are not allowed to trade on the Exchange platform.

Notes

  • Net worth is required to be computed as per L.C.Gupta method.

  • All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.NCDEX/RISK-014/2018/194 dated August 07, 2018. No exposure will be allowed on the same.

  • In terms of circular number NCCL/MEMBERSHIP-005/2018 dated November 14, 2018, all Clearing Members are required to maintain additional Cash Security Deposit of Rs. 10 lakhs in cash for every Trading Member registered with them. Exposure shall be given on such additional Cash Security Deposit.