Welcome to Indian Market Access

Provides a trading platform to its trading members

➤ BSE (Bombay Stock Exchange)
➤ National Stock Exchange (NSE)
➤ Multi Commodity Exchange (MCX)
➤ Metropolitan Stock Exchange of India (MSEI)
➤ National Commodity and Derivative Exchange (NCDEX)

Responsible for post trade activities of the stock exchange like clearing and settlement of trades and risk management. They are also responsible for risk management and margin.

➤ NSE Clearing Limited (NCL)
➤ Indian Clearing Corporation Limited (ICCL)
➤ Multi Commodity Exchange Clearing Corporation (MCXCCL)
➤ National Commodity Clearing Limited (NCCL)
➤ AMC Repo Clearing Limited

Holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a depository participant. It also provides services related to transactions in securities.

➤ Central Depositories Services (India) Ltd (CDSL)
➤ National Securities Depository Limited (NSDL)

➤ Custodians - A Custodian is a SEBI registered intermediary that holds the assets/securities of its clients in safe custody in fiduciary capacity and executes instructions of its clients with respect to their dealings in securities markets.

➤ Designated Depository Participants - A Designated Depository Participant (‘DDP’) is an activity authorised by SEBI to the Custodian to receive and process FPI registration applications and grant registration as an FPI, on behalf of SEBI
➤ Broker/Trading Members - Execute trades on the stock exchange and assist in settlement of trades. They can settle their trades by themselves (Self Clearing) or use the services of Professional Clearing Members (PCM’s).

➤ Clearing Members - are responsible for settling the obligations on behalf of the Trading Member as determined by the Clearing Corporation. Clearing Member need to make funds and/ or securities available in the designated accounts on the settlement day.

➤ Clearing Banks - settlement of funds takes place through clearing banks. All CMs need to have their cash account opened with one of the clearing banks

➤ Depository Participants - An agent of the depository through which it interfaces with the investor and provides depository services.