The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) on February 27, 2025, issued a circular regarding the Additional Settlement Account.
The following has been stated: -
•MCXCCL has introduced a secondary settlement account for Clearing Members, in addition to the existing primary settlement account. This secondary account will be used exclusively for enhancing cash collateral and must be opened with a designated Clearing Bank.
•Members need to provide authorization for operations of the account and follow specific instructions for fund transfers.
•The circular will be effective from February 28, 2025.
The detailed circular is given in the document below.
[MCXCCL Circular No. MCXCCL/C&S/042/2025]
