The National Stock Exchange (NSE) on September 29, 2023 issued a notification regarding the change in timings for Collateral release with reference to SEBI circular no SEBI/HO/MIRSD/DOP/P/CIR/2022/10 dated July 27, 2022.
The following have been stated:
• The collateral allocation window shall remain open till 10:00 pm on October 06, 2023.
• The National Stock Exchange of India Limited (NSE) clearing shall permit clearing members to request for Cash/FDR/BG to be released on an immediate basis till 7:00 pm on October 06, 2023.
• The National Stock Exchange of India Limited (NSE) clearing shall endeavour to release Cash/FDR/BG within one hour of the request received from the clearing member on October 06, 2023, subject to collateral available for release post necessary margins checks.
[Circular No. 061/2023]
