| Clearing Member | Trading Member | Trading Members (Proprietary Trading) | Non-Executing Member (Custodians) | |
| Undertaking to Comply with NSE Rules | Signed undertaking to comply with Rule 3 on NEXT Membership. | Signed undertaking to comply with Rule 3 on NEXT Membership. | Signed undertaking to comply with Rule 3 on NEXT Membership. | Signed undertaking to comply with Rule 3 on NEXT Membership. |
| Key Responsibilities | Perform clearing and settlement for the market. | Trade on behalf of clients or own proprietary account. | Trade only for own proprietary account. | Acceptance of trades executed on behalf of custodial clients in order to facilitate settlement. |
| Net Worth/Capital Adequacy | KES 1 Billion and as mandated by the Central Bank of Kenya. | Thirteen weeks operating costs. | Ten weeks operating costs. | Thirteen weeks operating costs. |
| NEXT Membership Fees |
Joining: KES 500,000
Annual: KES 100,000 |
Joining: KES 100,000
Annual: KES 100,000 |
Joining: KES 50,000
Annual: KES 50,000 |
Joining: KES 100,000
Annual: KES 100,000 |
| Guarantee Fund Deposit | All clearing members must make an undertaking with the clearing house to cover their obligations to the Clearing House to the extent of their market positions and their balance sheets. | – | – | – |
| Investor Protection Fund | N/A |
Onetime, refundable maximum of KES 200,000.
Contributions also based on regular directives issued by the NSE. |
Onetime, refundable maximum of KES 100,000.
Contributions also based on regular directives issued by the NSE. |
Onetime, refundable maximum of KES 200,000.
Contributions also based on regular directives issued by the NSE. |
