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SHCIL is the first Professional Clearing Member of Commodity segment on the Multi Commodity Exchange (MCX) and National Commodity & Derivative Exchange (NCDEX). |
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SHCIL has a full fledged in-house back office systems and procedures to cater to the needs of trading members and other institutional / corporate clients in this segment. A dedicated team of professionals handles derivative operations and assists its clients.
As a professional clearing member, SHCIL performs the following functions:
Clearing - Computing obligations of all his TM’s i.e. determining positions to settle.
Settlement - Performing actual settlement.
Collateral Management - Collection of collateral (cash and cash/cash equivalents and setting up exposure limits for TMs and Institutional clients.
Risk Management - Setting position limits based on upfront deposits/margins for each TM and monitoring positions on a continuous basis. |