How to become member of IIBX?


How to Become a Member of IIBX (India International Bullion Exchange)

The India International Bullion Exchange (IIBX) is India’s first international bullion exchange, established at GIFT City, Gujarat. IIBX aims to bring transparency, efficiency, and regulation to the bullion trade, allowing participants to trade gold and silver in a secure, tech-driven environment. Becoming a member of IIBX provides market participants with access to international standards of bullion trading and settlement.

If you're interested in becoming a member of IIBX, this article will guide you through the process, eligibility, and benefits.

🧾 Types of Membership at IIBX

IIBX offers several categories of membership, depending on the nature of participation:

  1. Trading Member (TM):

    • Can trade on their own account and on behalf of clients.

  2. Trading and Clearing Member (TCM):

    • Can trade and also clear and settle trades executed on IIBX.

  3. Professional Clearing Member (PCM):

    • Provides clearing and settlement services for other trading members.

  4. Limited Purpose Trading Member (LPTM):

    • Specifically designed for qualified jewellers, allowing them to import gold directly through IIBX.

✅ Eligibility Criteria

The eligibility criteria vary depending on the type of membership but generally include:

  • Legal Structure: Applicant must be a company or LLP incorporated under Indian laws.

  • Net Worth Requirements:

    • TM: ₹10 crore (approximate, may vary)

    • TCM: ₹25 crore or more

    • PCM: Higher net worth and financial strength

    • LPTM (Qualified Jewellers): As prescribed by IIBX and regulatory bodies.

  • Regulatory Approvals:

    • Must be compliant with SEBI norms.

    • Must obtain necessary registrations from International Financial Services Centres Authority (IFSCA).

📌 Steps to Become a Member of IIBX

1. Understand Membership Type

  • Choose the category based on your business operations (e.g., qualified jeweller, bullion dealer, clearing service provider).

2. Visit the IIBX Official Website

3. Fill Out Application Form

  • Download or fill out the Membership Application Form available online.

  • Submit Know Your Customer (KYC) and other compliance documents.

4. Submit Required Documents

Typical documents include:

  • Certificate of Incorporation

  • PAN and GST registration

  • Board resolution authorizing IIBX membership

  • Financial statements

  • Net worth certificate from a Chartered Accountant

5. Payment of Fees

  • Pay applicable membership fees, which vary based on the type of membership.

  • Fees may include:

    • One-time application fee

    • Annual membership charges

    • Infrastructure or technology access charges (if any)

6. Approval Process

  • IIBX and IFSCA review the application.

  • Due diligence is conducted.

  • Upon successful verification, approval is granted and login credentials are provided.

7. Onboarding and Training

  • Attend IIBX training sessions (if applicable).

  • Integrate with IIBX's trading platform via APIs or terminal software.

  • Start trading after final clearance.

💼 Benefits of IIBX Membership

  • Direct access to India’s international bullion market.

  • Transparent price discovery.

  • Efficient settlement and delivery infrastructure.

  • Reduced dependence on overseas suppliers for bullion.

  • Participation in a regulated and secure exchange platform.

📞 Contact Information

For queries or assistance, you can reach out to IIBX via:

📚 Additional Notes

  • IIBX operates under the regulatory framework of the IFSCA.

  • Members must also comply with anti-money laundering (AML) and KYC norms.


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