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