You will find 4 entities within the buying and selling system. Investing users, clearing associates, professional clearing members and participants.
one. Investing associates: Buying and selling users are members of NSE. They are able to https://en.wikipedia.org/wiki/?search=소액결제 trade both by themselves account or on behalf 소액결제정책 of their customers which includes contributors. The Trade assigns a Trading member ID to every investing member. Every buying and selling member may have more than one person. The number of customers authorized for each buying and selling member is notifi ed via the Trade occasionally. Just about every user of a buying and selling member has to be registered Using the exchange and is particularly assigned an distinctive user ID. The exclusive buying and selling member ID features like a reference for all orders/trades of different consumers. This ID is frequent for all end users of a selected investing member. It is the responsibility on the buying and selling member to take care of enough Management over people accessing the fi rms Consumer IDs.
2. Clearing users: Clearing members are customers of NSCCL. They carry out risk management pursuits and confi rmation/inquiry of trades in the investing procedure.
3. Skilled clearing users: Knowledgeable clearing associates is often a clearing member who's not a trading member. Ordinarily, banks and custodians become Qualified clearing customers and obvious and accept their investing users.
four. Members: A participant is a client of investing customers like monetary establishments. These clientele may well trade as a result of several trading users but settle via a single clearing member.