How to become a Member of Cochin Stock Exchange Ltd.

It is possible for you to take membership directly from Cochin Stock Exchange Ltd. (CSE).� To become a CSE Member you should have a minimum qualification of pre-university (pre-degree) pass� and knowledge about Capital Market. The last membership� auction, which was very recently held was at Rs. 2 lakhs.� Further a Base Minimum Capital of Rs. 2 lakhs of which Rs. 50,000/-� cash and Rs. 1,50,000/- in the form of Bank Guarantee/FD Receipt/Shares to be deposited.(SEBI requirement)�

Advantages for� a CSE member broker

CSE has subsidiary company (CSBL) and it has offered the following facilities:�

1.����� Trading in BSE and NSE with very attractive brokerage (for Delivery trading 0.025% and for squaring up 0.017%) .CSBL offers Multex software with variety of risk management system. Multex brings together BSE and NSE trading screen in a single computer.

2.����� DP facilities through CDSL. (Use chat facility at yahoo messenger using the id �csbldp�.)

3.����� Web trading ie webx (visit www.cochinstockexchange.com and use the link for Internet trading� in �BSE- webx.�)

4.����� Facility to download reports like Member�s Daily Trade Statement, personal ledger,margin ledger, DP holding details through the website, using password.

5.����� Derivatives trading through ISE, which is an Exchange co-promoted by CSE.

6.����� Pay-out discounting (facility to take out instant pay-out -on the day of sale -� by paying a small service charge).

7.����� Variety of Connectivity� options like V-sat, ISDN, Dial-up, Leaseline,� Asianet ( it is possible now in Cochin area to access CSBL trade feed through Asianet cables).

8.����� Training for broker office staff including for� NCFM examination. CSE Institute of capital market is conducting seminars in on advanced topic in capital market.

9.����� Fast Track System (This is a system wherein a broker can connect his� high networth client and offer him the trading facility in NSE and BSE through CSBL. Though the client will be operating� under the Broker CSBL would credit shares and Money directly to clients� account.� Brokerage will be charged as directed by the Member and the difference between the brokerage charged to such a Fast Track client and the actual brokerage of CSBL will be credited to the Member-broker�s account). �

10.� We bank with UTI Bank which has the� internet banking� facility.

11.� A Member is entitled to offer primary market services to his� clients.

12.� Moreover the Member becomes a part owner (1/450^th) of CSE� �

In short, you will be able to trade in BSE through CSE�s subsidiary company, CSBL using Webx (web trading system) and conduct all the dealings/settlement activities through the website of CSE, UTI Bank, and the DP website (easi)�

The procedure to be following to becoming a member of CSE �

i)������������������� On your request� we� send the application for CSE Membership to you

ii)������������������ You submit the application with us along with a cheque of Rs. 1,00,000/- (50% of the card auction amount and Rs. 100/- towards Application money and Rs. 250/- towards processing charge)

iii)���������������� We place the application for approval of the Board. The convention is that the incoming member will have to be present during this Board Meeting.��

iv)���������������� On approval of the Board, the balance amount of Rs. 1,00,000/- and the BMC are required to be paid.

v)����������������� We send your membership application duly signed by you� to SEBI for registration. In the normal case in about a� month�s time SEBI register you as a member and handover the registration number. You are now eligible to operate in CSE.

vi)���������������� We send the sub-broker applications to SEBI to make you the sub-broker in CSBL under NSE and BSE. Draft for� Rs. 1000/- each is required for this� ( for NSE and BSE)

vii)�������������� Once you receive registration for sub-brokership, you can commence trading in both NSE and BSE. The minimum margin money required for commencing business is Rs. 50,000/- �

For further information send your e-mail to [email protected], with copy marked to [email protected] and [email protected]

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