The National Stock Exchange (NSE) on February 24, 2025, notified regarding the Guidelines on consideration of VAR Margin Rate/Haircut on securities for Margin Collection & Reporting.
The following has been stated namely: -
• It notified that the client margin collection and the value of securities should be computed using the closing rate on T-1 day, reduced by the appropriate haircut. Further, members have requested that the same practice of applying VAR margin at the beginning of T-Day, as done by Clearing Corporations, be permitted for margin computation and reporting by Trading Members.
• The provisions of the circular shall be applicable from May 02, 2025.
• Detailed guideline for the same is attached in Annexure A.
[Circular No: NSE/INSP/66840]
