The National Stock Exchange (NSE) on November 22, 2024, notified regarding the revision in member-wise bank-wise limits and member-wise limits prescribed for acceptance of Bank Guarantees towards collaterals.
The following has been stated namely: -
• The member-wise bank limits are as follows:
o PCM/Custodian/TM-CM with net worth ≥ ₹500 crores: ₹2,250 crores for Other Banks and ₹2,800 crores for Clearing Banks.
o PCM/Custodian/TM-CM with net worth < ₹500 crores: ₹1,125 crores for Other Banks and ₹1,400 crores for Clearing Banks.
o Other Categories: ₹225 crores for Other Banks and ₹280 crores for Clearing Banks.
• The maximum bank guarantee limits per clearing member are as follows:
o PCM/Custodian/TM-CM with net worth ≥ ₹500 crores: ₹11,250 crores.
o PCM/Custodian/TM-CM with net worth < ₹500 crores: ₹5,625 crores.
o Other Categories: ₹1,400 crores.
• This shall apply to Debt Segment, Securities Lending & Borrowing Scheme, Currency Derivatives, Commodity Derivatives, Futures & Options, NSE Clearing - Capital Market.
[Circular no. - NCL/CMPT/65171]
