| Criteria | Particulars | |
|---|---|---|
| Minimum Net-worth | (a)Rs. 5 crores | |
| (b)Variable Networth | ||
| Higher of (a) or (b) above | ||
| Base Capital - Interest Free Cash Deposit | Rs. 25.00 Lakh | |
| Base capital – Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit/Government of India Securities) | Rs. 25.00 Lakh | |
| Base Minimum Capital *(BMC) | Without Algo trading Facility | With Algo trading Facility |
| BMC - Interest free cash deposit | Rs.2.5 Lakh | Rs.12.5 Lakh |
| BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit) | Rs.7.5 Lakh | Rs.37.5 Lakh |
| Interest Free Cash Deposit(IFSD) | Rs. 10 Lakh | |
| Admission Fee (onetime, non-refundable) (With applicable Tax) | Rs. 5.00 Lakh | |
| Annual Membership Fees (With applicable Tax) | Rs. 0.75 Lakh | |
| SEBI Registration Fees | Rs. 0.50 Lakh | |
| SEBI Annual Regulatory Fees | Rs. 0.50 Lakh | |
Notes
- Members are permitted exposure on the Base Capital.
- Members will not be permitted exposure on the Base Minimum Capital and IFSD.
- Net worth should be computed in accordance with Method of computation applicable as prescribed by Schedule VI of Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022.
- 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.
| Criteria | Particulars | |
|---|---|---|
| Minimum Net-worth | ||
| (a)Rs. 1 crore | ||
| (b)Variable Networth | ||
| Higher of (a) or (b) above | ||
| Base Minimum Capital *(BMC) | Without Algo trading Facility | With Algo trading Facility |
| BMC - Interest free cash deposit | Rs.2.5 Lakh | Rs.12.5 Lakh |
| BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit) | Rs.7.5 Lakh | Rs.37.5 Lakh |
| Interest Free Cash Deposit(IFSD) | Rs. 10 Lakh | |
| Admission Fee (onetime, non-refundable) (With applicable Tax) | Rs. 5.00 Lakh | |
| Annual Membership Fees (With applicable Tax) | Rs. 0.20 Lakh | |
| SEBI Registration Fees | Rs. 0.50 Lakh | |
| SEBI Annual Regulatory Fees | NIL | |
Notes
- Members will not be permitted exposure on the Base Minimum Capital and IFSD.
- Net worth should be computed in accordance with Method of computation applicable as prescribed by Schedule VI of Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022.
| Criteria | Particulars | |
|---|---|---|
| Minimum Net-worth | (a)Rs. 15 crores | |
| (b)Variable Networth | ||
| Higher of (a) or (b) above | ||
| Base capital - Interest Free Cash Deposit | Rs. 20.00 Lakh | |
| Base capital - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit/Government of India Securities) | Rs. 50 Lakh | |
| Base Minimum Capital *(BMC) | Without Algo trading Facility | With Algo trading Facility |
| BMC - Interest free cash deposit | Rs.6.25 Lakh | Rs.12.5 Lakh |
| BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit) | Rs.18.75 Lakh | Rs.37.5 Lakh |
| Interest Free Cash Deposit(IFSD) | Rs. 10 Lakh | |
| Admission Fee (onetime, non-refundable) (With applicable Tax) | Rs. 5.00 Lakh | |
| Annual Membership Fees (With applicable Tax) | Rs. 1.00 Lakh | |
| SEBI Registration Fees | Rs. 0.50 Lakh | |
| SEBI Annual Regulatory Fees | Rs. 0.50 Lakh | |
Notes
- Members are permitted exposure on the Base Capital.
- Members will not be permitted exposure on the Base Minimum Capital and IFSD.
- Net worth should be computed in accordance with Method of computation applicable as prescribed by Schedule VI of Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022.
- 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.
| Criteria | Particulars | |
|---|---|---|
| Minimum Net-worth | (a)Rs. 50 crores | |
| (b)Variable Networth | ||
| Higher of (a) or (b) above | ||
| Base capital - Interest Free Cash Security Deposit | Rs. 25.00 Lakh | |
| Base capital - Collateral Security Deposit in the form of Bank Guarantee/Fixed Deposit Receipt | Rs. 25.00 Lakh | |
| Base Minimum Capital – Interest Free Cash Security Deposit | Not Applicable | |
| Base Minimum Capital – (Collateral Security Deposit in the form of Bank Guarantee/Fixed Deposit Receipt) | Not Applicable | |
| Admission Fee (onetime, non-refundable) (With applicable Tax) | Rs. 5.00 Lakh | |
| Annual Membership Fees (With applicable Tax) | Rs. 1.00 Lakh | |
| SEBI Registration Fees | Rs. 0.50 Lakh | |
| SEBI Annual Regulatory Fees | Rs. 0.50 Lakh | |
Notes
- Net worth should be computed in accordance with Method of computation applicable as prescribed by Schedule VI of Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022.
- 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