MCX issued a notification regarding the

Dec 24, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Multi Commodity Exchange Clearing Corporation Ltd. (MCX), on December 23, 2024, issued a notification regarding the Release of Collaterals on Date of Settlement of Running Account of Client’s Funds.

Clearing members can request the release of Cash/FDR/BG on an immediate basis until 7:00 PM on the settlement date.

MCXCCL will strive to process and release these requests within one hour on January 3, 2025, subject to unallocated balances in the member pool account.

Existing terms from earlier circulars remain applicable.

[Notification No. MCX/MCXCCL/839/2024]

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