Services

Introduction

The Membership Department admits & activates various entities as Members of CCIL's various business segments to enable clearing and settlement of their deals through CCIL.

Member is an entity admitted as Member of Clearing Corporation under its Bye -laws, Rules and Regulations to transact business under any of its segments and does not denote the shareholders of Clearing Corporation. Provided that shareholders of Clearing Corporation may also be admitted as Members of Clearing Corporation. A Member of any segment may clear and settle Trades pertinent to that segment through Clearing Corporation in such manner and mode as may be prescribed by Clearing Corporation.

Members may transact, clear and settle Trades either on their own account or on behalf of the constituents unless otherwise specified by Clearing Corporation from time to time.

CCIL have prescribed elaborate and objective requirements for the Members participating in clearing & settlement system of CCIL.