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Eligibility Criteria

Membership of the Exchange/ NSE CLEARING is open to corporate entities, limited liability partnerships, partnership firms and individuals who fulfill the eligibility criteria laid down by SEBI and NSE.

Two types of memberships are offered :

  • Normal - Unrestricted business expansion
  • Alpha - For focused proprietary trading with limited clientele

 

Following categories are available under Normal Membership :

Types of MembershipCash SegmentFutures & Option
Segment
Currency
Derivatives Segment
Debt Segment
Trading Member-
Trading Cum Self Clearing Member
Trading Cum Clearing Member-
Professional Clearing Member-

Membership can be taken in combination with any of the above segments except for Futures & Options segment which has to be taken in combination with Cash segment.

Following categories are available under Alpha Membership :

   

Types of MembershipCash SegmentFutures & Option Segment
Trading Member-
Trading Cum Self Clearing Member
Trading Cum Clearing Member-

Membership can be taken for any segments individually or in combination

Trading MemberThis category of membership entitles a member to execute trades on his own account as well as on account of his clients but, clearing and settlement of trades executed through the Trading Member would have to be done through a Trading-cum Clearing Member or Professional Clearing Member of the Exchange
Trading Cum Self Clearing MemberThis category of membership entitles a member to execute trades and to clear and settle the trades executed on his own account as well as on account of his clients.
Trading Cum Clearing MemberThis category of membership entitles a member to execute trades on his own account as well as on account of his clients and to clear and settle trades executed by themselves as well as by other trading members who choose to use clearing services of the member.
Professional Clearing MemberThis category of membership entitles a member to clear and settle trades of such members of the Exchange who choose to clear and settle their trades through this member.