BSE27 Jul 2026noticePrepared by Complied AI

Additional Exposure Margin on Securities under MWPL

Official title

Additional Exposure Margin on Securities under MWPL_31072026

Official record

AI-prepared change brief

What changed

BSE Clearing Limited (ICCL) has announced an additional exposure margin of 15% in the equity derivatives segment for specific securities. This margin applies to securities where the top 10 clients account for more than 20% of the Market Wide Position Limit (MWPL). The identification of these scrips is based on three-month rolling data, subject to monthly review. If a security is already subject to an additional surveillance margin, the higher of the two margins will be levied. This requirement becomes effective from July 31, 2026, following the expiry of July 2026 contracts, and remains applicable until the August 2026 expiry.

Who is affected: All members of the equity derivatives segment
Required action: Members must apply the additional exposure margin of 15% for securities specified in the annexure
Key dates: Effective date of additional exposure margin — 30 Jul 2026
Thresholds: Additional exposure margin applies where top 10 clients account for more than 20% of MWPL
Exceptions: Where additional surveillance margin is applicable, the higher of the two margins is levied

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 27 Jul 2026
Document number: 20260728-3
Issuing division: BSECL
Effective date: 30 Jul 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

NOTICE

Notice No.	20260728-3
Notice Date	28 Jul 2026
Category	Settlement/RMS
Segment	Derivatives
Department	BSECL
Subject	Additional Exposure Margin on Securities under MWPL_31072026
Attachments	Annexure

To all Members,

In continuation to BSE Notice dated March 18, 2019 on Additional Exposure Margin on Securities under MWPL, ICCL shall levy additional exposure margin @15% in equity derivatives segment on securities in which top 10 clients account for more than 20% of MWPL. However, for securities wherein additional surveillance margin is applicable, the higher of additional exposure margin as stated above or additional surveillance margin shall be levied. Scrips shall be identified under this framework based on 3 months rolling data and shall be reviewed on monthly basis.

The Additional Exposure Margin for the securities specified in the Annexure shall be effective from July 31, 2026, immediately following the expiry of July 2026 contracts, and shall remain applicable until the August 2026 expiry.

In case of any assistance/clarification, please feel free to reach out to us.

Email	risk.iccl@icclindia.com
Contact No:	+91-22-22725186/5059/8699

For and on behalf of BSE Clearing Limited. (Formerly known as Indian Clearing Corporation Ltd.)

Sushant Majhi Chief Risk Officer

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