SEBI has issued a circular on August 6 2008 on Exchange Traded Currency Derivatives.
NSE invites applications for membership to the Currency Derivatives Segment.
The deposit requirements for currency derivatives segment is given below -
( in lakhs)
|NSE Members||NCDEX Members||New Applicants|
|Deposits||TM||TM & SCM||TM & CM||TM||TM & SCM||TM & CM||TM||TM & SCM||TM & CM||PCM|
|Security Deposit - NSEIL|
|Security Deposit - NSCCL|
* TM = Trading Membership.
* TM & SCM = Trading and Self Clearing Membership.
* TM & CM = Trading and Clearing Membership.
* PCM = Professional Clearing Membership.
Admission fees for existing NSE members - 1,00,000/- plus applicable service tax.
Admission fees for new members (NCDEX members and new applicants) - 5,00,000/- plus applicable service tax.
Processing fees for new members (NCDEX members and new applicants) - 10,000/- plus applicable service tax.
Advance transaction charges (Currency Derivatives segment) 50,000 p.a.