The National Commodity and Derivatives Exchange Limited (NCDEX) on November 25, 2024, notified regarding the scheme of deposit for acceptance of Government Securities, Treasury Bills, and Sovereign Gold Bonds as Collateral.
The following has been stated namely: -
• It states that Government Securities, Treasury Bills, and Sovereign Gold Bonds can be used as collateral, subject to Clearing Corporation-approved haircuts, revised lists, and withdrawal of benefits near maturity, with banks ensuring they are not counted for SLR or trading purposes.
• Annexure 1 provides the revised list of Government Securities, Treasury Bills, and Sovereign Gold Bonds, along with the haircut details.
• The given list shall be applicable from the beginning of the trading day of December 02, 2024.
Detailed notification is attached below.
[Circular no. - NCCL/RISK-064/2024]
