The National Stock Exchange (NSE) on May 19, 2023, issued a notification regarding the Reporting of Bank Guarantees (BGs) created out of clients’ funds.
The following has been stated namely: -
• Clearing Members are required to report the breakup of the Bank Guarantee (BG) placed as collateral with NCL on a weekly basis.
• Facility to report BG details is provided in the Member portal (ENIT).
• The first submission of this data shall be for the week ended May 27, 2023, to be submitted by EOD of May 27, 2023, and for every week thereafter.
• User manual to submit, view and download the Bank Guarantee details reported is enclosed as Annexure.
Members may please note that the provisions of this circular are effective from May 22, 2023
[Notification No. NCL/CMPL/56762]
