The National Commodity Clearing Limited (NCCL) on October 30, 2024, notified regarding the revised scheme of deposit for acceptance of Commodities as Additional Base Capital.
The following has been stated namely: -
• It states that the list of eligible commodities under the scheme of deposit has been revised, it includes Unprocessed Whole Raw Yellow Peas (not for direct human consumption), which will be accepted for pledge/re-pledge through NERL, along with the applicable haircut.
• It further states that all commodities to be accepted as collateral should be of the same quality specification which is deliverable under the contract specification of commodity derivatives being traded on the Exchange.
• The revised scheme of deposit and list of Commodities shall be applicable from the beginning of trading day of November 04, 2024.
Refer to the attached document for the revised list.
[Notification no. - NCCL/RISK-061/2024]
