The National Stock Exchange Clearing Limited (NSE) on November 08, 2023, issued a circular regarding Revision in member wise bank wise limits and member-wise limits prescribed for acceptance of Bank Guarantee towards collaterals.
The following has been stated: -
•This is in modification to Item 9.3.3.1 of our consolidated circular no. 0226/2023 (Download Ref No: NCL/CMPT/57254) dated June 28, 2023
1. Member-wise Bank-wise Limits Based on the category of the member the above limits shall be subject to a maximum amount as mentioned in the document attached below.
2. Member-wise Limits Based on the category of the member the below-mentioned maximum value of the bank guarantee limit shall be applicable across all segments /schemes.
•Members are advised to check their applicable limit before getting their bank guarantees issued.
The detailed circular is given in the document attached below.
[Circular Ref. No: 0401/2023]
