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Media Release
BSE's Derivatives Limited Trading Membership closes on 31st Dec., 2000.
The Exchange has decided to keep 31st December, 2000, as the last date for the acceptance of application forms for registration as a Limited Trading Member of the Derivatives Segment. The Exchange had opened Limited Trading membership exclusively for its Derivatives Segment in order to admit new members desirous of trading only on the Derivatives Segment and not on the Cash Segment. A person need not be a member of the Exchange in order to apply for registration as a Limited Trading Member of the Derivatives Segment. A Limited Trading Member shall be a Trading Member in all respects with all the rights, privileges, obligations & liabilities of a TM except for voting rights. The financial requirements for eligibility for a Limited Trading Member are as under;
The Application Forms for LTM are available with the Publications Deptt., 23rd Floor, P.J Towers, Dalal Street, Fort, Mumbai. It can also be downloaded from Exchange's site -http://www.bseindia.com. Applications filled in specified format, are to be submitted to Membership Department, 25th Floor, P.J. Towers, along with Demand draft/ pay order of Rs. 1 lakh in favour of 'The Stock Exchange, Mumbai', towards Processing Fees (refundable if application is rejected). Dr. Manoj Vaish November 8, 2000 |
