The National Stock Exchange (NSE) on August 16, 2023, issued a notification regarding the Segregation and Monitoring of Collateral at the Client Level
The provisions of this circular shall be effective from reporting for trade date September 01, 2023, onwards
The following has been stated namely: -
• This has a reference to NCL Circular NCL/CMPL/ 54214 dated October 27, 2022, pertaining to daily reporting of Client Collateral Segregation data by Clearing Members,
• The members are required to include NIL holding or Zero balance clients in the daily Collateral Segregation reporting.
• It states that the members are not required to upload data for clients with zero balance / NIL holding who have not traded in the last 12 months.
[Circular No: NCL/CMPL/ 57978]
