The National Commodity Clearing Limited (NCCL) on July 25, 2024, notified regarding the Scheme of deposit for acceptance of Government Securities, Treasury Bills and Sovereign Gold Bonds as Collateral.
The following has been stated:
Scheme of Deposit
• Government Securities, Treasury Bills and Sovereign Gold Bonds as collateral
o The Members are permitted to deposit approved Government Securities, Treasury Bills and Sovereign Gold Bonds (Securities) as collateral.
o The Government Securities, Treasury Bills and Sovereign Gold Bonds shall be subject to a haircut as may be decided by the Clearing Corporation from time to time.
o The Clearing Corporation may issue/revise the list of approved Government Securities, Treasury Bills and Sovereign Gold Bonds and the haircut requirements from time to time.
o All Government Securities, Treasury Bills and Sovereign Gold Bonds issued by RBI during the month shall be accepted from the date of issue.
The revised list of Government Securities, Treasury Bills and Sovereign Gold Bonds along with the haircut details is provided in Annexure 1.
The given list will be applicable from beginning of trading day of August 01, 2024.
[Notification No NCCL/RISK-037/2024]
