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Glossary > N > "Non-Clearing Members (NCM)" Definition

Non-Clearing Members (NCM)

Members who may make transactions in LIFFE contracts only if he has entered into a standard clearing agreement with a general clearing member, unless the Board otherwise prescribes. Otherwise he is able to transact such business only as a client of another member.

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Non-Clearing Members (NCM) - Members who may make transactions in LIFFE contracts only if he has entered into a standard clearing agreement with a general clearing member, unless the Board otherwise prescribes. Otherwise he is able to transact such business only as a client of another member.

Non-Clearing Members (NCM) : members who may make transactions in liffe contracts only if he has entered into a standard clearing agreement with a general clearing member, unless the board otherwise prescribes. otherwise he is able to transact such business only as a client of another member.