Annexure - I
(On the letterhead of the Trading Member)
To Date:
Membership Department
Indian Commodity Exchange Ltd.
Reliable Tech Park, 403-A, B-Wing,
4th Floor,Thane-Belapur Road
Airoli, Navi Mumbai – 400 708
Dear Sir,
Sub: Change of Clearing Member (CM) affiliation
Member id ______
SEBI registration No. INZ______
Name of the outgoing CM ______& SEBI Regn Nos.INZ______
Name of the incoming CM ______& SEBI Regn Nos.INZ______
I/We ______wish to terminate the arrangement, inrespect of clearing and settling our trades on the Exchange, with the clearing member M/s. ______(outgoing CM), with effect from close of market hourson ______(dd/mm/yyyy).
M/s ______(incoming CM) another clearing member of the Exchange willtake over all my/our open positions from M/s ______(outgoing CM), forthe purpose of settlement and clearing my/our trades done on the Exchange, on my/ourbehalf with effect from close of market hours on ______(dd/mm/yyyy).
M/s.______(incoming CM) have vide their letter dated______undertaken that they would take over all my/our open positions from M/s.______(outgoing CM) with effect from close of market hourson ______(dd/mm/yyyy).
I/We enclose the following documents for effecting the change:
- a letter dated ______of M/s ______(outgoing clearing member)
- a letter dated ______of M/s ______(incoming clearing member)
- an agreement dated______between M/s. ______(incoming clearingmember) and ourselves.
I/We, therefore request you that all my/our open positions to be transferred from M/s. ______(outgoing CM) to M/s.______(incoming CM) after the close of market hours of ______(dd/mm/yyyy).
Yours faithfully,
Authorized Signatory
(Name & Designation)
Annexure - II
(On the letterhead of the Outgoing Clearing Member)
To Date:
Membership Department
Indian Commodity Exchange Ltd.
Reliable Tech Park, 403-A, B-Wing,
4th Floor,Thane-Belapur Road
Airoli, Navi Mumbai – 400 708
Dear Sir,
Sub: Change of Clearing Member affiliation
Our Member id ______
Our SEBI registration No. INZ______
It is agreed between Shri / M/s. ______(trading member) bearing member id______and SEBI registration no. ______and ourselves to terminate thearrangement in respect of our services of clearing and settling their trades on theExchange with effect from close of market hours on ______(dd/mm/yyyy).
Hence we will clear and settle the transactions of the above said trading member till theclose of market hours on ______(dd/mm/yyyy).
Accordingly, our obligation in respect of the transactions done by the said tradingmember of the Exchange will be met by us till thesaid date or when the trading member’s open positions expire or get taken over byanother clearing member, whichever is earlier.
Yours faithfully,
Authorised Signatory
(Name & Designation)
Annexure-III
(On the letterhead of the Incoming Clearing Member)
To Date:
Membership Department
Indian Commodity Exchange Ltd.
Reliable Tech Park, 403-A, B-Wing,
4thFloor,Thane-Belapur Road
Airoli, Navi Mumbai – 400 708
Dear Sir,
Sub: Undertaking to act as Clearing Member for M/s ______(name of TM)
Our Member id ______
Our SEBI registration No.INZ______
We hereby agree and undertake to act as Clearing Member and to clear andsettle the trades on behalf of M/s. ______(trading member)bearing member id ______and SEBI registration no. ______of the Exchange. We have entered into an agreementdated______, with M/s ______(trading member) for the purpose, asrequired.
We request you to kindly transfer the open positions, if any, of M/s. ______(name of the trading member), to ouraccount with effect from close of market hours on ______(dd/mm/yyyy).
We undertake to clear and settle all open positions and margin obligations of theabove said trading member with effect from close of market hours on ______(dd/mm/yyyy).
A copy of the agreement dated. ______between M/s.______(trading Member) and us is enclosed.
Yours faithfully,
Authorised Signatory
(Name & Designation)