abhishreshthaa
Abhijeet S
Settlements – Bank Accounts
How do I open my bank accounts with the designated Clearing banks?
There are currently 4 banks with whom accounts can be opened.
Canara Bank
HDFC Bank
ICICI Bank
UTI Bank
What are the different accounts to be opened?
There are 4 accounts to be opened by each Member
Settlement A/c for payments and receipts
Exchange Dues A/c for charges and fees
Client A/c for client transactions
Own funds account
Opening new positions and Closing of open positions by Member
Daily MTM Settlement and Margins
Determination of positions for each Member
Final Settlement of all open positions
How do I open my bank accounts with the designated Clearing banks?
There are currently 4 banks with whom accounts can be opened.
Canara Bank
HDFC Bank
ICICI Bank
UTI Bank
What are the different accounts to be opened?
There are 4 accounts to be opened by each Member
Settlement A/c for payments and receipts
Exchange Dues A/c for charges and fees
Client A/c for client transactions
Own funds account
Opening new positions and Closing of open positions by Member
Daily MTM Settlement and Margins
Determination of positions for each Member
Final Settlement of all open positions