An eligible entity shall participate in repo transactions for its own proprietary book and accordingly shall take

• trading membership with the stock exchanges through which it proposes to trade. AMC Repo shall clear and settle trades concluded either on National Stock Exchange (NSE) or on BSE Ltd. (BSE). Trading members would be governed by the bye laws, rules and regulations of the concerned exchange.
• self-clearing membership with AMC Repo Clearing Limited (AMC Repo) for clearing and settlement of trades. Clearing Members would be governed by the bye laws, rules and regulations of AMC Repo.

The trades executed on NSE shall be cleared through AMC Repo Unit NCL. Similarly trades executed on BSE shall be cleared through AMC Repo Unit ICCL.

If the applicant is already an existing SEBI member then he needs to submit only the application form as required by AMC Repo along with the supporting documents. In case, the applicant is not an existing member of SEBI, then in addition to the application form of AMC Repo and the supporting documents, he will be required to submit the forms as prescribed by SEBI. AMC repo will arrange to send the forms to SEBI and get the member registered.