The NSE International Exchange (NSE IX) on July 03, 2024, notified regarding Clearing, Settlement & Risk Management for contracts on the Nifty Next 50 Index (NIFTYNXT50) & Nifty Midcap Select Index (MIDCPNIFTY).
The following has been stated:
• The Members are advised to note that all the applicable provisions pertaining to risk management, collaterals, clearing and settlement in force shall be applicable mutatis mutandis to futures and options contracts on Index derivatives as per NICCL circular ref no. NICCL/C&S/573 dated January 31, 2023, and as per NICCL Circular ref no. NICCL/RMS/623 dated June 05, 2023.
[Notification No NSEICC/C&S/787]
