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| Types of Membership |
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Trading-cum-Clearing Member
(TCM) - Non-Deposit Based
and Deposit Based |
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| TCM is a person/
corporate who is admitted by the exchange
as a member, conferring upon them a right
to trade and clear through the Clearing House
of the Exchange, as a Trading-Cum-Clearing
Member. |
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| Eligibility
criteria |
| Entities
- Following entities are eligible to apply
for membership, subject to the regulatory
norms and provisions- |
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Association and their subsidiaries
- Corporate Bodies
- Banks and Financial Institutions, including
their subsidiaries
- HUFs/ Co-operative Bodies
Preference would be given to Stock Brokers,
SEBI registered Sub-Brokers, Commodity Brokers,
Traders, Producers, Consumers, Growers, Exporters
and Processors. |
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| Networth |
| The minimum networth for
the purpose of eligibility is Rs.75 Lakh |
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Membership
- Institutional Trading-cum-Clearing
Member (ITCM) |
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| ITCM is an
institution/ corporate who is admitted by
the Exchange as a member, conferring upon
them a right to trade and clear through the
Clearing House of the Exchange, as an Institutional
Trading-Cum-Clearing Member. Further the ITCMs
can also appoint sub-brokers, authorized persons,
and Trading Members who would be registered
as Trading Members on MCX at the request of
the ITCM. The ITCM will clear and settle trades
on behalf of the sub-brokers, authorized persons,
and such Trading Members who are registered
on MCX at their request, subject to the terms
and conditions specified by MCX. Some categories
of ITCM may not be entitled to trade on their
own account like the Stock Exchanges or Commodity
Exchanges or Trade Associations, and such
ITCM will clear and settle trades only on
own account of their members.
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| Eligibility
criteria |
| Entities
- Following entities are eligible
to apply for membership, subject to the regulatory
norms and provisions - |
- Company and Institution (Commodity Exchanges, Stock Exchanges, Trade and Industry Associations,
Co-operative Bodies and large Retail Network Stock and Commodity Brokers)
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| Networth |
| The minimum networth for the purpose of eligibility is Rs.100.00 Lakh |
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Membership - Professional
Clearing Member (PCM) |
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| PCM is a Financial
Institution or Bank who is admitted by the
Exchange as a member, conferring upon them
a right to clear and settle their trades through
the Clearing House of the Exchange, as a Professional
Clearing Member. Moreover, the PCM would be
allowed to clear and settle trades of such
members of the Exchange who choose to clear
and settle their trades through such PCM. |
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| Eligibility
criteria |
Entities
- Any company or institution is eligible
to apply for membership, subject to the regulatory
norms
and provisions |
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| Networth
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| The minimum
networth for the purpose of eligibility is
Rs.500 Lakh |
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Trading Member (TM)
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| TM is a person having been admitted by the Board as such, who shall have rights to trade on his own account as well as on account of his clients, but shall have no right to clear and settle such trades himself. All such trading member must be affiliated with any one of the Institutional Trading-cum-Clearing Member (ITCM) or Professional Clearing Member (PCM) having clearing rights on the Exchange. |
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| Eligibility
criteria |
| Entities
- Following entities are eligible
to apply for membership, subject to the regulatory
norms and provisions- |
- Individuals (Proprietary firms)
- Registered Partnership Firms
- Corporate Bodies
- HUFs
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| Networth |
| The minimum networth for the purpose of eligibility is Rs.10 Lakh for Non-Corporates and Rs.25 Lakh for Corporates |
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For Latest commodity futures prices, SMS “MCX
<space> <Commodity
Name>“ to 58888 |
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