The National Commodity Clearing Limited (NCCL) on August 05, 2024, issued a circular regarding Margin Obligations to be given by way of Pledge / Re-pledge of Approved Commodities – List of approved commodities.
The following has been stated: -
•Clearing Members can now pledge Electronic Negotiable Warehouse Receipts (eNWRs) of approved commodities in favour of NCCL as collateral through the Pledge/ Re-pledge mechanism of National E-Repository Limited (NERL).
•The list of approved commodities eligible to be accepted as collateral through the pledge/re-pledge mechanism along with applicable haircut is provided in Annexure 1 below.
[Circular No. NCCL/RISK-042/2024]
