Check the Fees and deposit Structure to Become a member at NCDEX.
| Sr. No | Particulars |
Trading Member (TM) (In Rs.) |
Trading cum Clearing Member (TCM) (In Rs.) | Strategic Trading cum Clearing Member (STCM) ( In Rs) | Professional Clearing Member (PCM)(Member of NCCL) (In Rs.) |
|---|---|---|---|---|---|
| 1. | Minimum Net worth | (a)Rs. 1 crore (b)Variable Networth Higher of (a) or (b) above |
(a)Rs. 5 crores (b)Variable Networth Higher of (a) or (b) above |
(a)Rs. 15 crores (b)Variable Networth Higher of (a) or (b) above |
(a)Rs. 50 crores (b)Variable Networth Higher of (a) or (b) above |
| 2. |
Base Capital (NCCL)
i) Interest Free Cash Security Deposit |
Not Applicable | 25.00 Lakh | 20.00 Lakh | 25.00 Lakh |
| ii) Collateral Security Deposit | Not Applicable | 25.00 Lakh | 50.00 Lakh | 25.00 Lakh | |
| 3. |
Base Minimum Capital (NCDEX)
i) Interest Free Cash Deposit |
2.50 Lakh | 2.50 Lakh | 6.25 Lakh | Not Applicable |
| ii) Collateral Deposit | 7.50 Lakh | 7.50 Lakh | 18.75 Lakh | Not Applicable | |
| 4. |
Interest Free Security Deposit (IFSD) (NCDEX) (in the form of cash only) |
10 Lakh | 10 Lakh | 10 Lakh | Not Applicable |
| 5. |
Admission Fee (one time, non-refundable) (NCDEX)
(With applicable Tax) |
5.00 Lakh | 5.00 Lakh | 5.00 Lakh | 5.00 Lakh |
| 6. |
Annual Membership Fees (NCDEX)
(With applicable Tax) |
0.20 Lakh | 0.75 Lakh | 1.00 Lakh | 1.00 Lakh |
| 7. | SEBI Registration Fees | Rs. 0.50 Lakh | Rs. 0.50 Lakh | Rs. 0.50 Lakh | Rs. 0.50 Lakh |
| 8. | SEBI Annual Regulatory Fees | Not Applicable | Rs. 0.50 Lakh | Rs. 0.50 Lakh | Rs. 0.50 Lakh |
Notes
- Application Processing Fees: Rs. 2,000/- plus applicable Tax.
- If TCM is clearing through STCM/PCM, the member will have to maintain a base capital of Rs. 50 Lakh with the NCCL in the form of cash only.
- No exposure will be allowed on IFSD (refer circular no NCDEX/MEMBERSHIP-018/2018/190 dated August 02, 2018) and Base Minimum Capital (refer circular no. NCDEX/RISK-022/2015/319 dated October 05, 2015 and NCDEX/RISK-033/2016/207 dated September 02, 2016).
- 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. Kindly refer to circular no.NCDEX/RISK-014/2018/194 dated August 07, 2018. No exposure will be allowed on the same.
- BMC requirement is Rs 50 Lakh for Algo Trading Facility.
Other requirement
| Sr. No | Particulars | Trading cum Clearing Member (Rs) (TCM) | Strategic Trading cum Clearing Member ( Rs) (STCM) | Professional Clearing Member (PCM) | Trading Member (Rs.) (TM) | |
|---|---|---|---|---|---|---|
| (Without CTCL Facility) | (With CTCL Facility) | |||||
| 1. | CTCL Facility | Allowed | Allowed | - | Not allowed | Allowed |
| 2. | 4 type of Bank Accounts (Settlement A/c , Exchange Dues A/c, Own Account , Client Bank Pool A/c) | All 4 type of accounts are Mandatory | All 4 type of accounts are Mandatory | Settlement A/c and Exchange Dues A/c Mandatory | Two separate Bank A/cs - For Client Trade and Own Trades | Two separate Bank A/cs - For Client Trade and Own Trades |
| 3. | Comtrack Accounts | Mandatory | Mandatory | Mandatory | - | - |
| 4. | Fidelity Insurance policy | Mandatory for clients' trade | Mandatory for clients' trade | Not mandatory | Mandatory for clients' trade | Mandatory for clients' trade |
