The National Stock Exchange (NSE) on July 02, 2024, issued a circular regarding the change in timings for Collateral release.
The following has been stated: -
•Clearing members are to take note of the below: -
(i)The collateral allocation window shall remain open till 10:00 pm on July 05, 2024.
(ii)NSE Clearing 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.
(iii)NSE Clearing shall endeavor to release Cash/FDR/BG within one hour of the request received from the clearing member on July 05, 2024, subject to collateral available for release post necessary margin checks.
The detailed circular is given in the document below.
[Circular Ref. No: 075/2024]
