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


The National Stock Exchange of India (NSE) on December 01, 2022, issued a notification regarding the Segregation and Monitoring of Collateral at the Client Level. The notification provides that the following changes shall be done in validation checks for allocation requests:

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

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

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

4. Members must continue to populate the flag with ‘U; or ‘D’ in the action field as highlighted in the annexure of the circular.

The change will be in effect from December 05, 2022.

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