The Multi Commodity Exchange of India Limited (MCX) on March 25, 2025, notified regarding the release of collaterals on the date of settlement of the running account of the client’s funds.
The following has been stated namely: -
• A reference circular of SEBI circular no SEBI/HO/MIRSD/DOP/P/CIR/2022/10 dated July 27, 2022, regarding the Settlement of Running Account of Client’s Funds lying with Trading Member (TM) and in continuation to MCXCCL Circular No. MCXCCL/C&S/320/2024 dated December 23, 2024.
• It states that the clearing members can request the release of Cash, FDR, or BG on an immediate basis until 7:00 pm on the settlement date, with MCXCCL aiming to release them within one hour, subject to the availability of unallocated balances in the member pool account.
• It states that the request shall be submitted by April 04, 2025, and any related queries can be directed to the Collateral Management department via email.
[Circular No.- MCX/MCXCCL/150/2025]
