There are four entities during the buying and selling procedure. Investing customers, clearing associates, Specialist clearing customers and participants.
1. Buying and selling customers: Investing users are customers of NSE. They're able to trade possibly by themselves account or on behalf of their shoppers which includes participants. The Trade assigns a 소액결제정책 Investing member ID to every trading member. Each individual buying and selling member may have https://en.wikipedia.org/wiki/?search=소액결제 multiple user. The number of buyers authorized for every trading member is notifi ed from the exchange once in a while. Each individual person of the trading member have to be registered with the exchange which is assigned an distinctive user ID. The exclusive investing member ID functions as a reference for all orders/trades of different buyers. This ID is popular for all buyers of a particular buying and selling member. It is the accountability from the trading member to maintain enough Handle about persons accessing the fi rms Consumer IDs.
2. Clearing associates: Clearing users are associates of NSCCL. They carry out threat administration activities and confi rmation/inquiry of trades from the trading program.
three. Expert clearing users: A professional clearing users is a clearing member that's not a investing member. Generally, banks and custodians become Experienced clearing members and very clear and settle for their investing users.
four. Members: A participant can be a customer of investing customers like economic institutions. These clientele may well trade as a result of several investing users but settle by way of a single clearing member.