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Clearing Members

Clearing Members

The following categories of CD Segment Clearing Members are specified as under:

Trading-cum-Clearing Member

Trading-cum-Clearing Member means a member of a Specified Stock Exchange having trading rights therein, who is admitted by the relevant authority on the CD Segment of the Clearing Corporation as a Clearing Member, and who may clear and settle transactions either on its own account or on account of its constituents or on account of other Trading Members or their constituents, in the manner specified in these Regulations.

Self-Clearing Member

Self-Clearing Member means a member of a Specified Stock Exchange having trading rights therein, who is admitted by the relevant authority on the CD Segment of the Clearing Corporation as a Clearing Member, and who may clear and settle transactions on its own account or on account of its constituents only in the manner specified in these Regulations and not on account of any other Trading Members or their constituents.

Custodian Clearing Member

Custodian Clearing Member means and includes Custodians and other firms admitted by the relevant authority as a CD Segment Clearing Member and who may clear and settle deals for the constituents of the members of the specified exchange in the manner specified in these regulations.

Participant Clearing Member

Participant Clearing Member means and includes banks, financial institutions, primary dealers and other RBI / SEBI regulated entities, admitted by relevant authority, who may clear and settle their own deals only in derivative contracts based on interest rates and such other underlying as may be specifically permitted by the relevant authority from time to time, put through a Trading Member of the Stock Exchange in the relevant segment, by effecting delivery and in making and receiving payment for the same in the manner as may be prescribed from time to time.

Professional Clearing Member

Professional Clearing Member means a CD Segment Clearing Member who is admitted by the relevant authority and who may clear and settle deals either on its own account, on account of its constituents and on account of members of the specified exchange and or their constituents

List of Clearing Members

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