The National Commodity & Derivatives Exchange Limited (NCDEX) on June 25, 2024, issued a notification regarding Release of Collateral.
This is about SEBI circular regarding Settlement of Running Account of Client’s Funds lying with Trading Member (TM).
In this regard Clearing Members may take note of the below
• NCCL shall permit clearing members to request for Cash/FDR/BG to be released on an immediate basis till 7:00 pm on July 05, 2024
• NCCL shall endeavor to release Cash/FDR/BG within one hour of the request received from the clearing member on an immediate basis on July 05, 2024 subject to collateral available for release post necessary margins checks.
[Notification No. NCCL/CLEARING-034/2024]
