Check the Fees and deposit Structure to Become a member at NCDEX.
FEES AND NET WORTH STRUCTURE:
| Sr. No. | Particulars | Trading Member (TM) (In Rs.) |
Trading cum Clearing Member (TCM) (In Rs.) |
Strategic Trading cum Clearing Member (STCM) (In Rs.) |
|---|---|---|---|---|
| 1 | Processing Fee (One time, non-refundable) (With applicable Tax) |
5,000 | 5,000 | 5,000 |
| 2 | Admission Fee (One time, non-refundable) (With applicable Tax) |
5 Lakh | 5 Lakh | 5 Lakh |
| 3 | Annual Membership Fees (With applicable Tax) |
0.20 Lakh | 0.75 Lakh | 1 Lakh |
| 4 | SEBI Registration Fees | 0.50 Lakh | 0.50 Lakh | 0.50 Lakh |
| 5 | SEBI Annual Regulatory Fees | NIL | 0.50 Lakh | 0.50 Lakh |
| 6 | Minimum Net Worth Requirement as per SEBI Gazette Notification No. SEBI/LAD-NRO/GN/2022/73 dated February 23, 2022 |
(a) Rs. 1 crore (b) Variable Net worth Higher of (a) or (b) above |
(a) Rs. 5 crores (b)Variable Net worth Higher of (a) or (b) above |
(a) Rs. 15 crores (b)Variable Net worth Higher of (a) or (b) above |
Deposit Requirements
| DEPOSIT STRUCTURE (₹ IN LAKHS) | |||||||
|---|---|---|---|---|---|---|---|
| SEGMENT | TYPE OF MEMBERSHIP | BASE MINIMUM CAPITAL | BASE CAPITAL (NCCL) | INTEREST FREE SECURITY DEPOSIT | TOTAL | ||
| CASH | NON-CASH | CASH | NON-CASH | CASH | |||
| Commodity Derivatives Segment | TM | 2.5 | 7.5 | - | - | 10 | 20 |
| TCM | 2.5 | 7.5 | 25 | 25 | 10 | 70 | |
| STCM | 6.25 | 18.75 | 20 | 50 | 10 | 105 | |
| Cash Segment | TM | Refer Note No. 3 | - | - | - | 10 | 20 |
| Equity Derivatives Segment | TM | Refer Note No. 3 | - | - | - | 10 | 20 |
Notes
- All members are required to provide Interest Free Security Deposit (IFSD) for each segment.
- No exposure will be allowed on IFSD (refer circular no NCDEX/MEMBERSHIP-018/2018/190 dated August 02, 2018) and Base Minimum Capital (refer circular no. NCDEX/RISK-022/2015/319 dated October 05, 2015).
-
Base Minimum Capital (BMC) for cash and equity derivative as per SEBI circular No. MRD/DRMNP/36/2012 dated December 19, 2012.
Category BMC Deposit Only Proprietary trading (Without Algo) Rs. 10 Lakh Client trading only (Without Algo) Rs. 15 Lakh Proprietary + Client trading (Without Algo) Rs. 25 Lakh All Brokers with Algo Trading Facility Rs. 50 Lakh - BMC - Minimum 50% of the deposit shall be in the form of cash and cash equivalents for Cash &Equity Derivatives Segment. In case of Commodity Derivative, 25% of the above deposit shall be in the form of cash and balance 75% can be in the form of FDR/Bank Guarantee.
- If TCM is clearing through STCM/PCM, the member will have to maintain a base capital of Rs. 50 Lakh with the Exchange in the form of cash only.
Other requirement
| Sr. No | Particulars | Trading cum Clearing Member (Rs) (TCM) | Strategic Trading cum Clearing Member (Rs) (STCM) | Professional Clearing Member (PCM) | Trading Member (Rs.) (TM) | |
|---|---|---|---|---|---|---|
| (Without CTCL Facility) | (With CTCL Facility) | |||||
| 1. | CTCL Facility | Allowed | Allowed | - | Not allowed | Allowed |
| 2. | 4 type of Bank Accounts (Settlement A/c, Exchange Dues A/c, Own Account, Client Bank Pool A/c) | All 4 type of accounts are Mandatory | All 4 type of accounts are Mandatory | Settlement A/c and Exchange Dues A/c Mandatory | Two separate Bank A/cs - For Client Trade and Own Trades | Two separate Bank A/cs - For Client Trade and Own Trades |
| 3. | Comtrack Accounts | Mandatory | Mandatory | Mandatory | - | - |
| 4. | Fidelity Insurance policy | Mandatory for clients' trade | Mandatory for clients' trade | Not mandatory | Mandatory for clients' trade | Mandatory for clients' trade |
