Channel Partners

Q: What role does the Channel Partner have to play in the Exchange operations?
A: A Channel Partner extends the Exchange's reach to members who do not have direct access to the Exchange's services. Members have the option to use the Channel Partner's infrastructure to conduct transactions. The Channel Partner also guides members to possible transactions on the Exchange. The Channel Partner acts as an extension of the Exchange's Sales Team by conducting the Registration Process for Businesses and Professionals who are not covered by the Exchange's Sales Team.

Q: What does the Channel Partner get in return for his services?
A: The Channel Partner is paid cash commission on every transaction conducted by any Member who uses the channel partner's services/infrastructure for completing a transaction. This commission is 22.5% of the total commission earned by the Exchange on the respective transaction. The Channel Partner is also paid a commission (35% of registration fees excluding the processing charges) on every Member enlisted by him.

Q: Who is eligible to become a Channel Partner?
A: All business houses with experience in Trading can apply for becoming Channel Partners of the Exchange.

Q: What is the procedure for becoming a Channel Partner?
A: The Exchange website has a preliminary application form that prospective Channel Partners can use to make a formal application. Alternatively, they can call the Exchange's Call Centers and the Sales Team would guide them through the Channel Partner Registration Process.

Q: What are the charges payable?
A: At the time of registering with the Exchange, a Channel Partner will pay a one-time Registration fee of Rs. 50000 and a refundable deposit of Rs. 50000, along with an Application Processing fee of Rs. 1000. The annual Channel Partnership renewal fees is Rs.10000.