SEBI has issued a circular on August 6 2008 on Exchange Traded Currency Derivatives.

NSE invites applications for membership to the Currency Derivatives Segment.

* Processing fee for NCDEX members & new applicants - Rs. 10,000.

* Admission fee for NCDEX members & new applicants - Rs. 5 lakhs.

* Clearing member pays Rs. 10 lakhs for clearing every trading member's trades in cash & non-cash form.