The National Commodity Clearing Limited (NCCL) on August 01, 2024, issued a circular regarding margin obligations to be given by way of Pledge / Re-pledge of Approved Commodities represented by eNWRs in the Repository.
The following has been stated: -
•Clearing Members can now pledge eNWRs of approved commodities in favour of NCCL as collateral through the Pledge/ Re-pledge mechanism of National E-Repository Limited (NERL). Clearing members are to take note of the Pledge Facility and Service Charges.
•The pledge / re-pledge facility shall be available from August 5, 2024.
The detailed circular is given in the document below.
[Circular No. NCCL/CLEARING-045/2024]
