A Professional Clearing Member is admitted by CSE Clear to clear and settle:
- All CCP-settled trades carried out by it as a Trading Participant or affirmed by it as a Custodian Bank; and
- All CCP-settled trades carried out by a Limited Clearing Member.
Eligible Categories
The following entities are eligible for admission as a Professional 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
- A Commercial Bank licensed by the Central Bank of Sri Lanka
- A Non-Banking Finance Company licensed by the Central Bank of Sri Lanka
Entry Requirements
- If a Trading Participant of the CSE: A minimum shareholders’ equity of Rs. 500 million or 50% of the stated capital, whichever is higher, and an additional shareholders’ equity of Rs. 50 million for each Limited Clearing Member Client for whom clearing and settlement services are provided.
- If a Commercial Bank licensed by the CBSL (including a Custodian Bank) or a Non-Banking Finance Company licensed by the CBSL: A minimum total shareholders’ equity of Rs. 500 million and an additional shareholders’ equity of Rs. 50 million for each Limited Clearing Member client for whom clearing and settlement services are provided.