Members are admitted in the following categories:

• Only Capital Market – This category of membership entitles a member to execute trades and to clear and settle the trades executed on his own account as well as on account of his clients in the Capital Market Segment.





• Capital Market and Futures & Options Trading – A membership in this category entitles a member to





• execute trades and to clear and settle the trades executed on his own account as well as on account of his clients in the Capital Market Segment and




• Execute trades on his own account as well as on account of his clients in the Futures & Options segment, but, clearing and settlement of trades executed through the Trading Member would have to be done through a Trading-cum Clearing Member or Professional Clearing Member of the Exchange.





• Capital Market and Futures & Options Trading & Self Clearing – A membership in this category entitles a member to





• execute trades and to clear and settle the trades executed on his own account as well as on account of his clients in the Capital Market Segment and




• execute trades on his own account as well as on account of his clients and to clear and settle trades executed only on his own account as well as on account of his clients in Futures & Options segment.
  
  

• Capital Market and Futures & Options Trading and Clearing – A membership in this category entitles a member to

  • execute trades and to clear and settle the trades executed on his own account as well as on account of his clients in the Capital Market Segment and
  • execute trades on his own account as well as on account of his clients and to clear and settle trades executed by themselves as well as by other trading members who choose to use clearing services of the member in Futures & Options segment.
  
   

• Only WDM – A membership in this category acquires a right to execute trades and to clear and settle the trades executed by the members in the WDM Segment. This membership can be also taken in combination with any of the 4 categories as stated above.






• Professional Clearing Members – A membership in this category entitles a member to clear and settle trades of such members of the Exchange who choose to clear and settle their trades through this member.
  
  Further to Circular No: 648 with Download No: NSE/MEMB/11148 dated August 19, 2008, the different categories of membership in the Currency Derivatives segment is as follows:
  
  

• Only trading membership in Currency Derivatives – A membership in this category entitles a member to execute trades on his own account as well as on account of his clients in the Currency Derivatives segment, but, clearing and settlement of trades executed through the Trading Member would have to be done through a Trading-cum Clearing Member or Professional Clearing Member of the Exchange.





• Trading and Clearing membership in Currency Derivatives - A membership in this category entitles a member to execute trades on his own account as well as on account of his clients and to clear and settle trades executed by themselves as well as by other trading members who choose to use clearing services of the member in Currency Derivatives Segment.





• Professional Clearing Members – A membership in this category entitles a member to clear and settle trades of such members of the Exchange who choose to clear and settle their trades through this member.




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