A Clearing Member is licensed by CSE Clear to clear and settle non-CCP-settled trades. A Limited Clearing Member has to appoint a Professional Clearing Member to clear and settle CCP-settled trades.
Eligible Categories
The following persons are eligible for admission as a Limited Clearing Member:
- 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. 35 million and a minimum shareholders’ equity of Rs. 100 million, or 50% of the stated capital, whichever is higher.
- If a Custodian Bank: A minimum total shareholders’ equity of Rs. 500 million.