There are 4 entities in the buying and selling technique. Trading associates, clearing associates, Qualified clearing members and participants.
one. Buying and selling users: Investing customers are associates of NSE. They could trade possibly by themselves account or on behalf of their consumers which includes participants. The Trade assigns a Investing member ID to each trading member. Every trading member may have more than one user. The volume of users authorized for each trading member is notifi ed through the Trade occasionally. Each individual consumer of a trading member needs to be registered Together with the exchange http://edition.cnn.com/search/?text=소액결제 and is particularly assigned an special consumer ID. The distinctive trading member ID functions for a reference for all orders/trades of various consumers. This ID is common for all consumers of a selected investing member. It is the responsibility with the buying and selling member to take care of enough Management about persons having access to the fi rms User IDs.
2. Clearing users: Clearing members are associates of NSCCL. They carry out risk administration things to do and confi rmation/inquiry of trades through the trading method.
three. Skilled clearing associates: A professional clearing members is a clearing member that is not a trading member. Usually, financial institutions and custodians turn into Experienced clearing customers and apparent and accept their investing members.
4. Contributors: A participant is really a shopper of trading associates like financial institutions. These 소액결제현금화 clients could trade by means of numerous trading customers but settle via a solitary clearing member.