MCX notified regarding the Clearing and Settlement Holiday on September 16, 2024, and September 18, 2024

Sep 18, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Multi Commodity Exchange Clearing Corporation Limited (MCX) on September 14, 2024, issued the notification regarding the Clearing and Settlement Holiday on September 16, 2024, and September 18, 2024.

The following has been stated namely: -

• Public Holiday of Eid-e-Milad has been issued on September 18, 2024, instead of September 16, 2024.

• There is no change in the settlement holiday declared on September 16, 2024, and it shall remain as a settlement holiday. 

• The Pay-in obligation for trade date of September 13, 2024, shall remain blocked from the available Margin Limit of the Clearing Member on September 16, 2024. Settlement for trade dates September 13, 2024, and September 16, 2024, shall be conducted on September 17, 2024. 

• Settlement for trade dates September 17, 2024, and September 18, 2024, shall be conducted on September 19, 2024. 

[Notification No. MCX/MCXCCL/606/2024]


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