What is Intermediaries?
There are three types of intermediaries or members in the derivative segment and they are known as trading members, clearing members and trading cum clearing members. • Trading Members Trading members are entitled to carry on the business of effecting buying and selling transactions in the derivative segment. However, they are not authorized to deal with clearing operations like the issues related to payment of margins, final settlement etc. • Clearing Members Clearing members also known as professional clearing members are the members under the clearing corporation of the exchange and are dealing with the clearing activities like margins, final settlement etc. Trading members are required to deal with the clearing members only on matters such as margin payments, settlement etc. • Trading cum Clearing Members Trading cum clearing members are authorized to take up the activities of both the trading member and the clearing member. Mangal Keshav Securities Limited is a trading cum clearin
