InvestorQ : What is the membership criteria and procedure for the membership of the BSE Retail Debt Segment (REDS)?
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What is the membership criteria and procedure for the membership of the BSE Retail Debt Segment (REDS)?

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Arya Nanda answered.
1 year ago
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Eligibility Criteria for Members: The Members of the Segment possessing a net-worth of Rs. 1 crore and above are eligible to trade in the Retail Debt segment. The members are required to submit additional contribution of Rs. 5 lakhs as refundable contribution towards the separate Trade Guarantee Fund for this Segment. This contribution of Rs.5 lakhs towards the Trade Guarantee Fund could be submitted in terms of cash or FDR or Bank Guarantee. However, the Exchange has permitted the Members to earmark Rs.5 lakhs from their additional capital for a period of one month or till such time separate contribution for TGF is provided by them, whichever is earlier

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