The National Stock Exchange (NSE) on March 28, 2023, issued a Circular regarding the Change in timings for Early pay-in and Collateral release
This has reference to circular no. NCL/CMPT/55056 dated December 29, 2022, regarding ‘Change in timings for Early pay-in and Collateral release
The following has been stated namely: -
• It is requested to note that in view of SEBI circular SEBI/HO/MIRSD/DOP/P/CIR/2022/10 dated July 27, 2022, regarding the Settlement of the Running Account of Client’s Funds lying with Trading Member (TM) the final cut-off time for EPI of Funds and EPI of securities for April 06, 2023, is being revised as follows: -
(i) EPI of Funds final cut-off time the revised timing is 07:00 PM
(ii) EPI of Securities final cut-off time the revised timing is 07:00 PM
(iii) Download of margin report the revised timing is 8:30 PM
• It states that NSE Clearing shall permit clearing members to request for Cash/FDR/BG to be released on an immediate basis till 7:00 pm on April 06, 2023.
• The NSE Clearing shall endeavor to release Cash/ FDR/ BG within one hour of the request received from the clearing member on an immediate basis on April 06, 2023, subject to collateral available for release post necessary margins checks.
[Circular No. 0116/2023]
