NSE issues revised process for Segregation and Monitoring of Collateral at the Client Level for the Futures and Options

LegalitySimplified

The National Stock Exchange (NSE) on December 01, 2022, issued a circular to provide following changes in the Segregation and Monitoring of Collateral at the Client Level for the Futures and Options:

• Change in allocation request shall be processed irrespective of the flag populated in the action field.

• Change in allocation resulting in an increase in allocation value shall be processed only if a sufficient amount is available in the collateral pool.

• There shall be no change in the current file/API format.

• Members must continue to populate the flag with ‘U; or ‘D’ in the action field as highlighted in the Annexure.

The changes in validation will be applicable from December 05, 2022.

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