The CM BP ID (Clearing Member Business Partner ID) is an 8-character code (e.g., "IN500025") assigned by NSDL/CDSL to uniquely identify a clearing member within the depository system. It is used for facilitating the transfer of securities, the CM BP IDs for Axis Securities Limited are listed below:

NSE: IN56443

BSE: IN5655541

Clearing Member (CM):

In stock markets, a clearing member is a stock exchange participant who executes trades on their own account and on behalf of their clients while ensuring the clearing and settlement of those trades.

Business Partner (BP):

A business partner is a term used in the context of depository participants (DPs) and clearing members, representing a relationship between them.

CM-BP-ID:

This ID is assigned by NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited) to a clearing member.

Purpose:

The CM-BP-ID is used to identify the clearing member to whom securities are to be transferred during the settlement process.

How to find it:

You can find the CM-BP-ID from your broker, as it's the ID they use to identify themselves within the depository system.