TMB is the Clearing Banker to National Commodity and Derivatives Exchange Limited (NCDEX).
As Clearing Bankers we act as the intermediary carrying out the flow of funds from the NCDEX accounts to the trading member's account and vice versa depending on the statement provided by the exchange. Bank carries all the various transactions as the Clearing Bank to the NCDEX and gives the required effects to the various accounts on receiving a statement of instructions from NCDEX.
Clearing member has to open the following special category of current accounts with special features:
Click to Download the NCDEX Circular (Format: Adobe "PDF" Document) notifying tie up with us for your reference and printing.
Click to Download the Complete NCDEX Clearing Services (Format: Adobe "PDF" Document) for your reference and printing.