The National Stock Exchange (NSE) on January 29, 2025, notified regarding the measures in case of repeated shortfall in margin/pay-in.
The following has been stated namely: -
• It states that clearing members with margin or intraday pay-in shortfalls exceeding Rs. 2 lakh in a day shall be identified. If such shortfalls occur on more than two days in a month, additional capital equal to the cumulative shortfall shall be required. This amount will be blocked from cash collateral after the first trading day of the next month and retained for one calendar month.
• It states the additional capital is re-computed monthly, with any increase blocked, partial reduction released, or fully released if no longer required.
• It further states that in case of non-payment of additional capital within the stipulated time limit, a penalty of 0.07% per day shall be levied for the period where such additional capital is not provided.
• This shall come into effect from February 01, 2025.
[Notification no. - NCL/COM/66356]
