A PCM is entitled to clear and settle trades executed by other members of the Exchange. Only corporate entities or institutions are eligible to apply for PCM. Membership of MSE can be taken by an Individual, Registered Partnership Firm, Corporate or Bank. Membership of MSE cannot be taken by a member of any commodity exchange. In case the applicant for membership of the Exchange is a Corporate, minimum paid up capital of the Corporate should be Rs. 30 lakhs.
-
Eligibility Criteria for at least 2 Directors
- Age - Minimum 21 years of Age
- Education - Should be at least HSC
- Experience - Minimum 2 years relevant experience
- After provisional admission to membership of the Exchange, the membership has to be registered with SEBI
- The applicant has to ensure that at least two of their users should be successfully certified for the relevant module pertaining to the respective segments wherein membership of the Exchange has been sought.
- For fees and deposit structure please refer to the below mentioned table
In order to apply for membership to the Exchange, applicants need to submit the duly filled Membership Application Form along with the required documents and applicable fees /deposits.
Additional Requirement
for Clearing Membership of F&O/Currency Derivatives/Debt Segment
|
in lakhs |
Deposit Structure |
Segments
|
Membership Type
|
Networth
|
MCCIL Cash
|
MCCIL Non Cash
|
Total
|
Capital Market
|
PCM
|
300
|
-
|
-
|
-
|
Futures & Options
|
PCM
|
300
|
25
|
25
|
50
|
Currency Derivatives
|
PCM
|
1000
|
25
|
25
|
50
|
Debt Segment
|
PCM
|
300
|
1
|
-
|
1
|