You will find four entities in the trading system. Trading associates, clearing customers, Expert clearing users and individuals.
one. Investing users: Trading customers are associates of NSE. They're able to trade either by themselves account or on behalf of their clients which include individuals. The Trade assigns a Trading member ID to each buying and selling member. Just about every trading member might have more than one user. The volume of customers permitted for each buying and selling member is notifi ed with the Trade occasionally. Every single person of the investing member have to be registered While using the exchange and is also assigned an special consumer ID. The exclusive buying and selling member ID capabilities as a reference for all orders/trades of different end users. This ID is prevalent for all people of a selected investing member. It's the obligation of your trading member to maintain enough Regulate in excess of people accessing the fi rms Person IDs.
two. Clearing customers: Clearing customers are users of NSCCL. They carry out risk management things to do and confi rmation/inquiry of trades with the investing system.
3. Qualified clearing members: Knowledgeable clearing associates is often a clearing member who is not a investing member. Normally, banking companies and custodians turn into Qualified clearing associates and obvious and settle for their buying and selling users.
four. Participants: A participant is often a client of investing customers like money establishments. These clients might trade as http://edition.cnn.com/search/?text=소액결제 a result of a number of buying and selling users but settle by way of a one 정보이용료 clearing member.