Professional Clearing Member (PCM): 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 MSEI can be taken by an Individual, Registered Partnership Firm, Corporate or Bank. Membership of MSEI 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 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.

Fees & Deposit Structure:

Composite/Exclusive Membership of Capital Market/F&O/Currency Derivatives/Debt Segment

in lakhs
Segment	Membership Type	Networth	Admission Fee	Deposit Structure
				MCCIL	MCCIL	Total
				Cash	Non Cash
Futures & Options	PCM	300	5	25	25	55
Currency Derivatives	PCM	1000	5	25	25	55