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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.

Key Membership Criteria

Criteria Particulars
Minimum Net-worth Rs. 100.00 Lakh
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 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.

Membership registration documents for new member

Membership registration documents for SEBI registered members

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.

Key Membership Criteria

Criteria Particulars
Minimum Net-worth For Non Corporate (Individuals/Partnership Firm/ LLP/HUF) Rs. 10 Lakh | For Corporates - Rs.25 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. 0.20 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 is required to be computed as per L.C.Gupta method.

Membership registration documents for new member

Membership registration documents for SEBI registered members

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

Key Membership Criteria

Criteria Particulars
Minimum Net-worth Rs. 300.00 Lakh
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 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.

Membership registration documents for new member

Membership registration documents for SEBI registered members

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.

Key Membership Criteria

Criteria Particulars
Minimum Net-worth Rs. 1000.00 Lakh
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 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

Membership registration documents for new member

Membership registration documents for SEBI registered members