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Categories of Members

Currently, the following categories of Membership on Global Board of Trade Limited (GBOT) are open :-


Trading Member (TM) [also known as Broker Member]

Trading Member is a body corporate or Financial Institution which has been admitted as a Member on GBOT.

The Trading Member [Broker Member] shall have rights to trade on its own account as well as on account of its Clients, but shall have no right to clear and settle such trades by itself.

All such trading members [broker members] must be affiliated to any one of the Integrated Trading Cum Clearing Members (ITCM) [General Clearing Member] or Professional Clearing Members (PCM) [Special Clearing Member [SCM]], having clearing rights on GBOT.

Eligibility criteria
Entities – Corporates & Financial Institutions, including their subsidiaries are eligible to apply for membership, as a Trading Member [Broker Members] subject to the regulatory norms, provisions and the Rules and circulars of Financial Services Commission, Mauritius, Global Board of Trade and its Clearing House as maybe applicable from time to time.

Other Eligibility

Minimum Paid Up Equity Capital

Networth of the Company

Controlling Shareholder

US $ 40,000 (or its equivalent in other currencies)

US $ 40,000 (or its equivalent in other currencies)

Identify the Controlling Shareholder(s) in terms of the norms related to Controlling Shareholders Group.

Integrated Trading Cum Clearing Member (ITCM) also known as General Clearing Member [GCM]

Integrated Trading Cum Clearing Member / General Clearing Member [GCM] is a body corporate or Financial Institution which has been admitted as a Member on GBOT.

The Integrated Trading Cum Clearing Member/General Clearing Member shall have rights to trade and clear trades on its own account as well as on account of its Clients, through GBOT. The Integrated Trading Cum Clearing Member/ General Clearing Member can also clear and settle trades on behalf of other Trading Members /Broker Members at their request, subject to the terms and conditions specified by GBOT.

Eligibility criteria
Entities – Corporates & Financial Institutions, including their subsidiaries are eligible to apply for membership, as an Integrated Trading Cum Clearing Member/General Clearing Member subject to the regulatory norms, provisions and the Rules and circulars of Financial Services Commission, Global Board of Trade and its Clearing House as maybe applicable from time to time-

Criteria

Minimum Paid Up Equity Capital

Networth of the Company

Controlling Shareholder

US $ 100,000 (or its equivalent in other currencies)

US $ 100,000 (or its equivalent in other currencies)

Identify the Controlling Shareholder(s) in terms of the norms related to Controlling Shareholders Group.

Professional Clearing Member (PCM) also known as Special Clearing Member [SCM]

Professional Clearing Member / Special Clearing Member is a Financial Institution or a commercial Bank who is admitted by the Exchange as a Member, conferring upon them a right to clear and settle trades initiated by other Trading Members [Broker Members] and/or Integrated Trading Cum Clearing Members or General Clearing Members of GBOT as per terms and conditions of GBOT.

Professional Clearing Members / Special Clearing Members have no eligibility to trade on GBOT.

Eligibility criteria
Entities – Financial Institutions or commercial Banks are eligible to apply for membership, as Professional Clearing Members / Special Clearing Members subject to the regulatory norms, provisions and the Rules and circulars of Financial Services Commission, Mauritius, Global Board of Trade and its Clearing House as maybe applicable from time to time.

For Further details please contact the Membership Department.