A Self-Clearing Member clears and settles all transactions guaranteed by the CCP (CCP-settled trades), either carried out by it as a Trading Participant or affirmed by it as a Custodian Bank.
Eligible Categories
The following persons are eligible for admission as a Self-Clearing
- A Trading Participant of the CSE, which is a Stockbroker or Stock Dealer
- A Custodian Bank, which is a Depository Participant of the CDS
Entry Requirements
- If a Trading Participant of the CSE: A minimum liquid capital of Rs. 50 million and a minimum shareholders’ equity of Rs. 125 million, or 50% of the stated capital, whichever is higher.
- If a Custodian Bank: A minimum total shareholders’ equity of Rs. 500 million.