NCCL issued a notification regarding the Standardization of Clearing Corporation to Member Interface files in Unified Distilled File Formats (UDiFF)

Jul 14, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Commodity Clearing Limited (NCCL) on July 11, 2024, issued a notification regarding the Standardization of Clearing Corporation to Member Interface files in Unified Distilled File Formats (UDiFF).

The following has been stated:

• It has stated that new UDiFF Intraday margin files containing initial margin and extreme loss margin on beginning of day (BOD) parameters at snapshot are being provided to the member from June 24, 2024.

• The following snapshot files shall be continued to be provided to the members:

o Intraday Margin Report for Trading Member (MARGIN_REP) (NCCL_MARGIN_REP_<TRD_MBR_ID>_<YYYYMMDD>_nn.csv)

o Intraday Margin Report for Clearing member (CM MARGIN_REP) (NCCL_CM_MRGN_REP_<Prim_Mem_Code>_<YYYYMMDD>_nn.csv)

[Notification No NCCL/RISK-036/2024]


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