The Clearing Corporation of India Ltd (CCIL) on July 16, 2026, issued notification on Collateral Work-Flow Procedure for Triparty Repo Margin/Collateral and Default Fund.
The Clearing Corporation of India (CCIL), in line with its amended Bye-laws, Rules and Regulations of July 2025, has issued an updated notification detailing the collateral workflow procedures applicable to the Securities Segment. These procedures are framed under Chapter IV (Tri-party Repo Collateral) and Chapter XVI (Default Fund), governing the contribution and withdrawal of funds and securities by members.
This notification supersedes earlier notifications dated October 27, 2023, and February 11, 2026, which dealt with collateral workflow for Tri-party Repo (TPR) members and amendments related to value-free transfer of securities via API integration with eKuber. The revised framework consolidates and streamlines processes to ensure better operational clarity and efficiency.
The notification outlines detailed procedures across multiple areas, including contribution (funds and securities), withdrawals, and securities substitution. It also provides guidelines for value-free transfers between Member Common Collateral (MCC), Default Fund, and TPR collateral accounts, enhancing flexibility in collateral management.
Additionally, provisions related to corporate actions on both cash and securities have been incorporated, along with annexures for operational reference. Overall, the updated workflow aims to strengthen risk management practices and improve transparency in collateral handling within CCIL’s securities segment.
[Notification No.: CCIL/OPS/TPR/2026-27/25]
