The National Stock Exchange Clearing Limited (NSE) on May 10, 2024, issued a circular regarding Member Interface Testing- Two-way portability across clearing corporations.
The following has been stated: -
•Members may note that a mock session is being conducted on May 11, 2024, for familiarization with the Member interfaces being provided for Two-way portability. Members are requested to actively participate and test the functionality on a mock day from 11:30 AM to 12:30 PM.
•Collateral Allocation
Members may make note of the collateral allocation logic during NCL@ICCL (2nd session)
1. Allocation is permitted only for members who have added cash/BG/FD during the NCL@ICCL instance (2nd Session).
2. First allocation is incremental in nature and subsequent allocation will overwrite the earlier allocation.
3. Downward allocation for carry forward allocation from 1st session is not possible.
The detailed circular is given in the document below.
[Circular Ref. No: 008/2024]
