You will find four entities while in the trading system. Trading members, clearing customers, Qualified clearing members and contributors.
1. Trading associates: Trading associates are users of NSE. They are able to trade both by themselves account or on behalf of their clients including participants. The Trade assigns a Investing member ID to 소액결제정책 every buying and selling member. Each investing member might have multiple consumer. The quantity of buyers authorized for every investing member is notifi ed through the exchange every now and then. Each person of a trading member has to be registered Using the Trade and is assigned an special person ID. The one of a kind investing member ID functions like a reference for all orders/trades of different users. This ID is frequent for all end users of a particular buying and selling member. It is the duty with the trading member to maintain enough Handle in excess of individuals gaining access to the fi rms Person IDs.
two. Clearing associates: Clearing associates are associates of NSCCL. They perform possibility administration actions and confi rmation/inquiry of trades from the investing technique.
three. Professional clearing users: A specialist clearing associates is actually a clearing member that is not a investing member. Usually, banking institutions and custodians turn out to http://query.nytimes.com/search/sitesearch/?action=click&contentCollection®ion=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/소액결제 be Qualified clearing users and obvious and accept their trading members.
four. Members: A participant is really a customer of investing members like financial institutions. These consumers may trade by several buying and selling associates but settle by way of a solitary clearing member.