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| Clearing Account |
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Every Clearing Member is required to maintain and operate a settlement account & client account with any one of the empanelled clearing banks at the designated clearing bank branches. The clearing account is to be used exclusively for settling funds and other obligations to the Exchange including payments of margins and other charges.
Clearing Members are required to authorise the Clearing Bank to access their settlement account for debiting and crediting their accounts, reporting of balances and other information as may be required by the Exchange from time to time. The Clearing Bank will debit/ credit the settlement account of clearing members as per instructions received from the Exchange.
Members are requested to refer the Business Rules for the mode of operation of the Exchange Settlement account. |
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For Latest commodity futures prices, SMS “MCX
<space> <Commodity
Name>“ to 58888 |
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