The National Stock Exchange (NSE) on July 21, 2023, issued a notification regarding the launch of the ARCL Triparty Repo-Market platform on the Exchange.
ARCL is a limited purpose clearing corporation (LPCC) and is recognized by SEBI under Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations2018 ("SECC Regulations, 2018").
The ARCL Tri-party Repo Product under the TRM platform in the Debt Segment shall be available as of July 28, 2023, in accordance with the mechanism described in the aforementioned Exchange circular. The accompanying Annexure 1 contains the circular issued by ARCL in this regard. The second Annexure includes the Mechanism and Live parameters. The trade confirmation slip format is included in Annexure 3 of the document.
Additionally, the Exchange will hold a practice trading session on July 24 and July 25, 2023, to familiarise market participants with the trading capabilities. Access to the ARCL Tri-Party Repo Product under the TRM platform is permitted for participants. The information for the mock session is included in Annexure 4.
[Notification No. NSE/DS/57672]
