NSE Clearing Limited vide circular dated May 26, 2023 has issued an FAQ for Reporting of Bank Guarantees (BGs) created out of clients’ funds. All Members need to report BGs which are placed with NCL only as collateral, and BGs placed with ICCL for which benefit has been provided at NCL.
Members need to report total BG amount as collateral with NCL across all segments with bifurcation of Total BG amount (out of client funds) as collateral and total BG amount (out of prop funds).
