The National Stock Exchange (NSE) on July 13, 2024, issued colocation regarding revision in the rack allotment procedure.
The following has been stated namely: -
• It states that participants shall use the Exchange's electronic member interface 'ENIT' to submit rack allotment applications or requests for the Co-location facility.
• It states that upon submission of a rack desire request, 50% of the rack charges shall be paid within 2 working days by 3:30 pm.
• It states that the Exchange shall maintain separate waitlist queues for rack desire requests received:
o 1st Waitlist - Requests submitted by members for FPI/FII clients or Domestic Investors.
o 2nd Waitlist - New / Prospective members.
o 3rd Waitlist - Existing members with less than X number of racks allotted (any variant).
o 4th Waitlist - Existing members with X or more than X number of racks allotted (any variant).
• It states that available racks for allotment shall be reserved as 15% for 1st waitlist (FPI/FII client/Domestic Investor), 15% for 2nd waitlist (new/prospective members), 25% for 3rd waitlist (Existing members with less than 10 racks), and 45% for 4th waitlist (Existing members with 10 or more racks).
• It states that participants shall procure the provisioned rack by submitting the rack allotment request via ENIT within 3 working days from the date of such email alert.
Kindly refer to the attached document for detailed notification.
[Circular no. - NSE/MSD/62932]
