A. Fee, Deposit & Net worth & Requirement

Fees, Deposit and Net worth requirement Particulars Professional Clearing Member (PCM) (In Rs.) Strategic Trading cum Clearing Member (STCM) ( In Rs.) Trading cum Clearing Member (TCM) (In Rs.)
Minimum Net worth As per L.C.Gupta Method 1000.00 Lakh 300.00 Lakh 100.00 Lakh
Base Capital (NCCL)

i) Interest Free Cash Security Deposit

25.00 Lakh 20.00 Lakh 25.00 Lakh
ii) Collateral Security Deposit 25.00 Lakh 50.00 Lakh 25.00 Lakh
Base Minimum Capital (NCDEX)

i) Interest Free Cash Deposit

Not Applicable 6.25 Lakh 2.50 Lakh
ii) Collateral Deposit Not Applicable 18.75 Lakh 7.50 Lakh
Interest Free Security Deposit (IFSD)
(NCDEX)
In the form of cash only Not Applicable 10 Lakh 10 Lakh
NCCL Admission Fee (one time, non-refundable)
(With applicable Tax)
5.00 Lakh 5.00 Lakh 5.00 Lakh
NCCL Annual Membership Fees
(With applicable Tax)
1.00 Lakh 0.25 Lakh 0.25 Lakh
SEBI Registration Fees 0.50 Lakh 0.50 Lakh 0.50 Lakh
SEBI Annual Regulatory Fees 0.50 Lakh 0.50 Lakh 0.50 Lakh

Notes:

  • Application Processing Fees: Rs. 2,000/- plus applicable Tax.
  • If TCM is clearing through STCM/PCM, the member will have to maintain a base capital of Rs. 50 Lakh with NCCL in the form of cash only.
  • No exposure will be allowed on Base Minimum Capital & Interest free cash deposit. Please refer circular no. NCDEX/RISK-022/2015/319 dated October 05, 2015, NCDEX/RISK-033/2016/207 dated September 02, 2016, and NCDEX/MEMBERSHIP-018/2018/190 dated August 02, 2018.
  • NCCL shall block an amount of Rs.50 Lakhs towards Minimum Liquid Net-worth from the existing deposits of the Clearing Members. Kindly refer to circular no. NCDEX/RISK-014/2018/194 dated August 08, 2018.No exposure will be allowed on the same.

B. Additional details as per NCCL requirement

Sr. No. Particulars Professional Clearing Member (PCM) Strategic Trading cum Clearing Member ( Rs) (STCM) Trading cum Clearing Member (Rs) (TCM)
1 4 type of Bank Accounts (Settlement A/c , Exchange Dues A/c, Own Account , Client Pool A/c) Settlement A/c and Exchange Dues A/c Mandatory All 4 type of accounts are Mandatory All 4 type of accounts are Mandatory
2 Repository Accounts Mandatory Mandatory Mandatory
3 Fidelity Insurance Policy Mandatory Mandatory Mandatory