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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.
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| 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.
| 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
