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NSE Issued Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in the Cash and Derivatives Segments

Upfront Collection

On 26th April 2023, the National Stock Exchange (NSE) issued Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in the Cash and Derivatives segments.

The following has been stated namely: –

  1. Members are requested to take note of the following changes:
  • End-of-day margin reports downloaded to members for client margin reporting/short allocation of collateral shall have margins based on EOD positions and BOD margin parameters.
  • The margin parameters applicable for the collection of margin obligation from clearing members shall continue to be updated on an intra-day and EOD basis, as per the extant current provisions.

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