The National Commodity Clearing Limited (NCCL) on June 07, 2024, notified regarding the Discontinuation of the weekly Reporting of cash & cash equivalent collateral.
The following has been stated:
• It has been stated that the collateral data reported by members towards segregation and monitoring of collateral at the client level to NCCL are used by NCCL/Exchange for undertaking monitoring and supervisory activities and were therefore required to submit accurate data in segregated client collateral reports.
• It has been decided to discontinue the requirement of weekly reporting of Trading Member-wise details of cash & cash equivalent collateral by Clearing Members from the week commencing from June 03, 2024.
[Notification No NCCL/COMPLIANCE- 007/2024]
