There are 4 entities during the trading program. Buying and selling customers, clearing customers, professional clearing members and individuals.
one. Buying and selling associates: Buying and selling customers are users of NSE. They could trade both by themselves account or on behalf of their clients including participants. The Trade assigns a Buying and selling member ID to each trading member. Each and every trading member can have multiple person. The volume of users allowed for every buying and selling member is notifi ed with the exchange once in a while. Each person of the investing member need to be registered with the Trade and is particularly assigned an distinctive user ID. The special buying and selling member ID functions to be a reference for all orders/trades of various end users. This ID is prevalent for all customers of a particular trading member. It's the duty with the investing member to keep up suitable Management more than persons getting access to the fi rms Consumer IDs.
2. https://www.washingtonpost.com/newssearch/?query=소액결제 Clearing members: Clearing users are members of NSCCL. They carry out chance management actions and confi rmation/inquiry of trades with the buying and selling method.
3. Professional clearing users: A professional clearing associates is usually a clearing member 소액결제현금화 who is not a buying and selling member. Commonly, banks and custodians turn into professional clearing members and crystal clear and accept their investing members.
four. Individuals: A participant is actually a customer of trading customers like economic institutions. These consumers may perhaps trade by multiple buying and selling members but settle via a one clearing member.