Clearing Members are the licensed members who facilitate the settlement and clearing of securities traded on Nepal Stock Exchange.
CM needs to have their CM pool account in any one DP for the settlement of securities. Each CM pool account is linked with the trading ID of the CM.
A CM's main activity is to facilitate pay-in/pay-out of securities to/from Clearing House/Clearing Corporations on behalf of their clients. The securities which are due for delivery can be delivered directly from client's account to the CM pool account. Similarly, pay-out of securities is delivered directly to CM pool account through Clearing House account. After the payout securities are received in the CM pool account it is transferred to the respective clients account.