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How to participate

a) Become a Member

PXIL offers Four types of membership:

1.	Trading-cum-Clearing Member (TCM)	TCM membership shall entitle the members to trade and clear, both for themselves and / or on behalf of their clients.
2.	Trading and Self-Clearing Member (TSCM)	TSCM membership shall entitle the members to trade and clear for themselves only.
3.	Trading and Self-Clearing Member - Plus (TSCM - P)	TSCM membership shall entitle the members to trade and clear for themselves only. However, such members shall assign the job of bidding for themselves to an Advisory Member.
4.	Advisory Member (AM)	AM membership shall entitle the members to provide Advisory Services to its Constituents. Such members shall not be entitiled to either trade or clear.

b) Become a Client of a Member of PXIL :

1. Trading-cum-Clearing Member (TCM) - The mebership can be taken by those who are electricity traders.

2. Trading and Self-Clearing Member (TSCM) & Trading and Self-Clearing Member - Plus (TSCM - P) - The membership can be taken by those who are distribution licensee including deemed distribution licensee or a grid connected entity.

3. Advisory Member (AM) - The membership can be taken by those who are neihter elelctricity traders nor distribution licensee including deemed distribution licensee or grid connected entities.

• All clients on whose behalf trading would take place are required to obtain the standing clearance from the respective SLDCs in the format given under “Procedure for scheduling of (Open Access) collective transactions” by CTU.