SEBI has issued a circular on August 6 2008 on Exchange Traded Currency Derivatives.

NSE invites applications for membership to the Currency Derivatives Segment.

Download If you are already a member of NSE (zip)

Download If you are a member of NCDEX (zip)

Download If you are a Bank (zip)

Download Others (zip)

The deposit requirements for currency derivatives segment is given below -

( in lakhs)

	NSE Members			NCDEX Members			New Applicants
Deposits	TM	TM & SCM	TM & CM	TM	TM & SCM	TM & CM	TM	TM & SCM	TM & CM	PCM
Networth	100	500	1000	100	500	1000	100	500	1000	1000
Security Deposit - NSEIL
Cash	2	2	2	2	2	2	2	2	2	-
Non-Cash	8	8	8	10.5	13	13	13	18	18	-
Security Deposit - NSCCL
Cash	-	25	25	-	25	25	-	25	25	25
Non-Cash	-	25	25	-	25	25	-	25	25	25

* TM = Trading Membership.
 * TM & SCM = Trading and Self Clearing Membership.
 * TM & CM = Trading and Clearing Membership.
 * PCM = Professional Clearing Membership.

Admission fees for existing NSE members - 1,00,000/- plus applicable service tax.

Admission fees for new members (NCDEX members and new applicants) -  5,00,000/- plus applicable service tax.

Processing fees for new members (NCDEX members and new applicants) -  10,000/- plus applicable service tax.

Advance transaction charges (Currency Derivatives segment) 50,000 p.a.

 

Useful Links:

RBI Circular

RBI - SEBI Standing Technical Committee Report

Download SEBI Circular (.pdf)