The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) on June 27, 2024, issued a circular regarding the release of Collaterals on the Date of Settlement of the Running Account of the Client’s Funds.
The following has been stated: -
•Clearing members are to note that MCXCCL shall permit clearing members to submit requests for Cash / FDR / BG to be released on an immediate basis till 7:00 pm on the settlement date.
•MCXCCL shall endeavor to release Cash / FDR / BG within one hour of the request received from the clearing member on an immediate basis on the date of the one–day settlement, subject to the availability of unallocated balances in the member pool account.
•All the other terms and conditions pertaining to the release of immediate Cash / FDR / BG defined in circular no. MCXCCL/COMP/108/2024 dated April 30, 2024, and circular no. MCXCCL/C&S/139/2024 dated June 05, 2024, shall prevail.
[Circular no.: MCXCCL/C&S/159/2024]
