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Phone : +91 9848960767 / 9573157595.  Training on Stock Market Courses in Hyderabad for Investment-Trading Our Institute offers Classes for the below NCFM modules ARE YOU IN SEARCH OF RIGHT INSTITUTE FOR STOCK MARKET TECHNICAL ANALYSIS COURSE IN HYDERABAD FOR COACHING ASC NCFM  HYDERABAD: The most popular training modules in NCFM Course in Hyderabad are listed below
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NISM Training in Hyderabad : Clearing Members : AS Chakravarthy

AS Chakravarthy NCFM Hyderabad : Stock Market Training Institute


Clearing Members

In the Derivative Market segment clearing and settlement done by separate Clearing Corporation, Clearing Corporation members are called Clearing Members, these are three types.

1. Self clearing member, is basically Trading member and clearing member also, clear and settle their trades executed by them only either on their own account or on account of their clients.
2. Trading member-cum-clearing member (TM cum CM), is basically Trading member and clearing member also, clear and settle of their own trades and his clients trades as well as trades of other trading members (TMs).
3. Professional clearing members (PCM),is basically not Trading member but clearing member, who clear and settle trades executed by Trading Members. The members clearing their own trades and trades of others, and the PCMs are required to bring in additional security deposits in respect of every Trading Member whose trades they undertake to clear and settle.

Funds settlement takes place through clearing banks. For the purpose of settlement all clearing members are required to open a separate bank account with NSCCL designated clearing bank for F&O segment.

List of Clearing Banks:

  ==> Axis Bank Ltd.,
  ==> Bank of India,
  ==> Canara Bank,
  ==> Citibank N.A,
  ==> HDFC Bank,
  ==> Hongkong & Shanghai Banking Corporation Ltd.,
  ==> ICICI Bank,
  ==> IDBI Bank,
  ==> IndusInd Bank,
  ==> Kotak Mahindra Bank,
  ==> Standard Chartered Bank,
  ==> State Bank of India,
  ==> and Union Bank of India.

AS Chakravarthy NCFM Hyderabad : Stock Market Training Institute