How can one obtain Membership of CCIL to CBLO segment?
Eligible entities desirous of becoming Members to CBLO segment submit applications to CCIL and CCDS seperately along with two cheques of Rs 25000/- each favoring “The Clearing Corporation of India Limited” and “ClearCorp Dealing Systems (India) Limited”, towards one time membership fee. 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 membership will be approved and valid for undertaking CBLO transactions through the trading system offered by CCDS and settling CBLO transactions through CCIL.
