A Custodial Participant (CP) is a member of a clearing corporation who facilitates trade validation and clearing on behalf of investors. For NRIs looking to participate in Equity Derivatives (F&O) trading in India, a CP is mandatory.
At FYERS, NRIs can trade in both Equity Delivery and Futures & Options (F&O) segments through a streamlined setup using a Non-PIS NRO Account. To comply with regulations, FYERS has partnered with Orbis Financial Corporation Limited, which acts as the CP for NRI F&O trades.
| Process | Description |
|---|---|
| CP code generation | FYERS assists NRI clients in obtaining a CP code from Orbis during account setup |
| Validation of trades | Orbis validates each F&O trade executed by the NRI and clears it through the clearing corporation |
| Equity vs F&O | Custodial setup is required only for F&O. Equity Delivery trades do not require CP involvement |
| Scenario | What you should know |
|---|---|
| You only want to invest in Equity Delivery | No CP setup is required; a Non-PIS NRO account is sufficient |
| You want to trade F&O | You must obtain a CP code from Orbis via FYERS before starting |
| You already have a CP code from another custodian | Only CP codes issued through FYERS' partner (Orbis) can be mapped for F&O trading here |
To begin your FYERS NRI account and CP setup, submit your details here.