Clearing Member Commitment

A Clearing Member (CM) is required to deposit and maintain a minimum

level of Commitment as prescribed by DCCC.

Commitment prescribed by DCCC (in US Dollars)
Membership Category	Commitment Prescribed
Broker Clearing Member	150,000
Special Clearing Member	150,000
Trade Clearing Member	75,000

Commitment may be in the form of cash and non-cash instruments as under:

• Minimum 40% of the Commitment shall be maintained in cash at all times
• Part of the Commitment in form of non cash instruments shall not exceed 60% at any time

Non-cash part of Commitment may be in the form:

• Term Deposits (TD) issued by approved banks
• Letter of Guarantee in favour of DCCC from approved banks in the specified format

Any failure on the part of a CM to meet with the Commitment requirements at any point of time,

shall be treated as a violation of the Clearing Rules of DCCC.