Trading & Clearing Member(TCM)


An entity holding a valid and subsisting or a deemed Interstate Trading License from the Central Electricity Regulatory Commission (CERC) can apply.

  • A TCM can trade and clear either for its own account or on behalf of its clients.

Trading & Self Clearing Member(TSCM)


A grid-connected entity i.e. Inter-State Generating Stations (ISGS), Distribution Licensees, State Generating Stations, CPPs, and IPPs with consent from SLDC and Open Access Consumers with consent from SLDC can apply. A TSCM can trade and clear its own account as a Clearing Member. A grid-connected entity i.e. Inter-State Generating Stations (ISGS), Distribution Licensees, State Generating Stations, CPPs, and IPPs with consent from SLDC and Open Access Consumers with consent from SLDC can apply.

  • A TSCM can trade and clear its own account as a Clearing Member.

Advisory Member (AM)


An entity who is neither a grid-connected entity nor holding a valid and subsisting Inter-State Trading Licence can apply to become an AM. An AM shall not be entitled to trade or clear, but only provide support services to its clients.