TCM is a person/corporate who is admitted by the exchange as a member, conferring
upon them a right to trade and clear through the Clearing House of the Exchange,
as a Trading-Cum-Clearing Member.
Fee & Deposit Structure
(w.e.f 1-Aug-2010)
| Sr.No |
Particulars |
Rupees |
| 1 |
Admission Fee (Non Refundable) # |
1,50,000/- |
| 2 |
Interest Free Security Deposit**
(Security Deposit shall be in the ratio of 50% cash and 50% cash/fixed
deposit/bank guarantee) |
5,00,000/- |
| 3 |
Trade Guarantee Fund** |
50,000/- |
| 4 |
Annual Subscription (Non Refundable) # |
25,000/- |
|
Total |
7,25,000/- |
Member is eligible to get exposure on interest free security deposit.
** ”Lock in” of 3 years shall commence from date of surrender request received
from member or last login date whichever is later.
# Non Refundable and Service Tax applicable
Eligibility Criteria
Entities- Following entities are eligible to apply for
membership, subject to the regulatory norms and provisions-
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Association and their subsidiaries
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
- HUFs/ Co-operative Bodies
Preference would be given to Stock Brokers, SEBI registered Sub-Brokers,
Commodity Brokers, Traders, Producers, Consumers, Growers, Exporters and
Processors
Net worth
- The minimum net worth for the purpose of eligibility is Rs.50 Lakh
- 51% Share holding Pattern is compulsory for corporate members
A Trading Member is the one who has the right to execute transactions in the trading system of the exchange and the right to have contracts in his own name. The TM can also deal on
behalf of clients (Registered Non Members) or enlist Sub Brokers who may in turn have their own set of clients. TM must settle all his transactions (and those of Sub Brokers and Registered Non
Member) through Clearing Members (Institutional Trading cum Clearing Members or Institutional Clearing Members).
TM is a person/corporate who is admitted by the exchange as a member, conferring upon them a right to trade through Exchange, as a Trading Member.
Please read the terms & conditions, and guidelines carefully before filling-up the application form, please attach all the relevant documents.
Fee & Deposit Structure
(w.e.f 1-Aug-2010)
| Sr.No |
Particulars |
Rupees |
| 1 |
Admission Fee(Non Refundable) # |
75,000/- |
| 2 |
Annual Subscription (Non Refundable) # |
10,000/- |
| 3 |
Interest Free Security Deposit
|
To be collected by the ITCM/ICM |
|
Total |
85,000/- |
# Service Tax applicable and Non refundable
Eligibility Criteria
Entities- Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Association and their subsidiaries
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
- HUFs/ Co-operative Bodies
Preference would be given to Stock Brokers, SEBI registered Sub-Brokers, Commodity Brokers, Traders, Producers, Consumers,Growers, Exporters and Processors
Net worth
- The minimum net worth for the purpose of eligibility is Rs.10 Lakh
- 51% Share holding Pattern is compulsory for corporate members
Fee & Deposit Structure
(w.e.f 1-Aug-2010)
| Sr.No |
Particulars |
Rupees |
| 1 |
Admission Fee (Non Refundable) # |
500,000/- |
| 2 |
Interest Free Security Deposit**
(Security Deposit shall be in the ratio of 50% cash and 50% cash/fixed deposit/bank guarantee) |
10,00,000/- |
| 3 |
Annual Subscription (Non Refundable) # |
25,000/- |
|
Total |
15,25,000/- |
Member is eligible to get exposure on interest free security deposit.
** ”Lock in” of 3 years shall commence from date of surrender request received from member or last login date whichever is later.
# Non Refundable and Service Tax applicable
Eligibility Criteria
Entities- Following entities are eligible to
apply for membership, subject to the regulatory norms and
provisions-
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
Preference would be given to Stock Brokers, SEBI registered Sub-Brokers, Commodity Brokers, Traders, Producers, Consumers, Growers, Exporters and Processors
Net worth
- The minimum net worth for the purpose of eligibility is Rs.100 Lacs
- 51% Share holding Pattern is compulsory for corporate members
NMCE invites applications for Institutional Clearing Membership (ICM) from persons who fulfill eligibility criteria contained herein. The ICM are entitled to clear trades
executed by Trading Member(TM) and their sub-brokers/non-registered members.
The words “Member” and “Applicant” used hereinafter refer and apply to ICM.
The Applicants who are admitted, as Members shall adhere to the conditions, stipulations and guidelines communicated to them /notified from time to time by NMCE and / or Forward Markets
Commission (FMC) and / or any other Indian regulatory / statutory authorities.
The ICM are entitled to clear trades executed by Trading Member(TM) and their sub-brokers/ non-registered members
Fee & Deposit Structure
(w.e.f 1-Aug-2010)
| Sr.No |
Particulars |
Rupees |
| 1 |
Admission Fee(Non Refundable) # |
7,00,000/- |
| 2 |
Interest Free Security Deposit**
(Security Deposit shall be in the ratio of 50% cash and 50% cash/fixed deposit/bank guarantee) |
20,00,000/- |
| 3 |
Annual Subscription Charges (Non Refundable) # |
50,000/- |
| Total |
27,50,000/- |
Member is eligible to get exposure on interest free security deposit.
** ”Lock in” of 3 years shall commence from date of surrender request received from member or last login date whichever is later.
# Non Refundable and Service Tax applicable
Eligibility Criteria
Entities- Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-
- Company and Institution (Commodity Exchanges, Stock Exchanges, Trade and Industry Associations, Co-operative Bodies and large Retail Network Stock and Commodity Brokers)
Net worthThe minimum net worth for the purpose of eligibility is Rs. 250 Lacs.
(w.e.f 1-Aug-2010)
All Figures in Lacs
| Particulars |
Trading Member |
Trading cum Clearing Member |
Institutional Trading cum Clearing Member |
Institutional Clearing Member |
| Admission Fees(Non Refundable) |
0.75 |
1.50 |
5.00 |
7.00 |
| Trade Guarantee Fund(Refundable only after the minimum lock in period)* |
0.00 |
0.50 |
0.00 |
0.00 |
Interest Free Security Deposit **
(Security Deposit shall be in the ratio of 50% cash and 50% cash/fixed
deposit/bank guarantee) |
to be collected by ITCM/ICM |
5.00 |
10.00 |
20.00 |
| Annual Subscription charges |
0.10 |
0.25 |
0.25 |
0.50 |
| Net worth Criteria |
| Net worth certificate should be computed for this purpose by following a definition of net worth adopted by practicing Charted Accountants for finalization of accounts. Existing fund based asset, if any should be excluded for calculation of net worth. |
10.00 |
50.00 |
100.00 |
250.00 |
| Eligibility Criteria |
| Entities : |
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Association and their subsidiaries
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
- HUFs/ Co-operative Bodies
|
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Association and their subsidiaries
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
- HUFs/ Co-operative Bodies
|
- Corporate Bodies
- Banks and Financial Institutions, including their subsidiaries
|
- Company and Institution (Commodity Exchanges, Stock Exchanges, Trade and Industry Associations, Co-operative Bodies and large Retail Network Stock and Commodity Brokers)
|