ASE has also decided to assign clearing ID to existing members of large stock exchanges having good net worth. The modalities have been approved by ASE and sent to Sebi for approval.

According to an ASE spokesman, the governing board has passed a resolution to offer ASE membership cards to SKSE and VSE at virtually no cost, amounting to almost free gift. ``We may even consider to finance the capital cost as well as revenue cost for one year.'' He said ASE has already tied up with Tata Elxsi Ltd for installing the ATF equipment at various sites.

ASE has identified the following towns having biggest investment potential: Gandhinagar (state capital), Anand (called milk capital of India), Jamnagar (with Reliance, Essar refineries), Unjha (Asia's biggest agricultural produce market yard), Nadiad, Surendranagar and Himatnagar (future growth centres).

The spokesman said the ATF and remote terminals would pass through total surveillance mechanism, established by ASE as per the norms laid down by Sebi. While ASE will borne all the additional capital cost at both the ends, the revenue expenditure would also be borne by it for one year and thereafter to be shared equally by two.