How can one obtain Associate Membership of CCIL to CBLO segment?
Eligible entities desirous of becoming Associate Members in CBLO segment submit separate applications to CCIL and CCDS through their designated Settlement Bank along with two cheques favoring “The Clearing Corporation of India Limited” and “ClearCorp Dealing Systems (India) Limited” for Rs.25000 each,towards one time membership. As soon as the applications for Membership is approved by CCIL and CCDS, the concerned members are required to execute legal documents like Power of Attorney, mandate in the prescribed formats, which will be forwarded by CCIL and CCDS. The above Associate Membership will be approved and valid for undertaking CBLO transactions through the trading system offered by CCDS and settling CBLO transactions of Associate Members through CCIL.
