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.

Eligibility criteria

Entities - Any company or institution is eligible to apply for membership, subject to the regulatory norms
and provisions -

• Networth - The minimum networth for the purpose of eligibility is Rs.500 Lakh