Trading Members on the Capital Market segment, Futures & Options, Currency Derivatives and Debt segment intending to change their association/affiliation from one Clearing Member to another are required to submit the following documents:
1. Letter from the Trading Member, requesting the change in affiliation as per Annexure I
2. Letter from the disaffiliating / outgoing Clearing Member as per Annexure II
3. Letter from the affiliating / incoming Clearing Member as per Annexure III
4. Trading Member – Clearing Member Agreement
(The said agreement shall be provided as per the format applicable to the designated Clearing Corporation of the incoming Clearing Member (CM). For CM of ICCL, the said formats of agreement are attached for ready reference.
Applicant Trading Member shall note the following:
1. Trading member needs to send the required documents via email at membership.ops@bseindia.com to the Exchange with subject line “Request for change in clearing member affiliation”.
2. These documents needs to be sent 3 working days prior to “effective date”. Effective date is the date of affiliation (start of market hours) with the new clearing member.
Trading Members / Clearing Members are requested to take note of the above and ensure its due compliance accordingly. The circular shall be effective from June 03, 2019.
For and on behalf of BSE Ltd.
Johnson Chiriyath Amit Kadam
Dy. General Manager Senior Manager
Membership Operations Membership Operations
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Contact person
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Contact No
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Email id
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Ankit Kothari
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+91-22-22728287
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membership.ops@bseindia.com
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Yogesh Zarkar
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+91-22-22728546
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membership.ops@bseindia.com
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