NSE clarification regarding Segregation and Monitoring of Collateral at Client Level.

LegalitySimplified

NSE vide circular dated May 09, 2023 has issued clarification regarding Segregation and Monitoring of Collateral at Client Level. Members are instructed that the current cutoff time of T+1 17:00:00 hours for reporting of Client collateral segregation data is extended to 23:59:59 hours. Further, the option for delayed/modification of collateral data post the cut off time by clearing members is withdrawn with effect from trade date May 15, 2023.

The changes are being introduced in consultation with SEBI and other Clearing Corporations.

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