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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE - Measures in case of repeated shortfall in margin / pay-in

29-Jan-2025 | NCL/COM/66356

NSE has issued a circular in reference to the SEBI Master Circular for Commodity Derivatives Segment issued vide SEBI Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2023/136 regarding, Measures in case of repeated shortfall in margin / pay-in, effective from 1st February 2025. By virtue of this circular, measures in case of repeated instances of margin shortfall and/or intraday pay-in shortfall are specified, some of them are as follows- 1. At the end of each calendar month, for such identified clearing members having margin shortfall and/or intraday pay-in shortfall of more than Rs. 2 lakhs on more than 2 occasions (calendar days), an additional capital shall be called from such members. 2. The additional capital requirement shall be the cumulative of all day-wise margin shortfall and/or intraday pay-in shortfall of more than Rs 2 lakhs in the calendar month. 3. The additional capital shall be blocked from the cash collateral of the clearing member after the end of the market hours on the first trading day of the following month. For more information, kindly refer to the attached document.

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