Additional Exposure Margin on Securities under Market Wide Position Limit · 086/2026
NSE circular 086/2026 · 16 Jul 2026
Official title
Additional Exposure Margin on Securities under MWPL
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited has introduced an additional exposure margin of 15% in the equity derivatives segment for securities where the top 10 clients account for more than 20% of the Market Wide Position Limit (MWPL). This framework utilizes 3-month rolling data for identification and will undergo monthly reviews. If a security is already subject to an additional surveillance margin, the higher of the two margins will be applied. This policy becomes effective on July 31, 2026.
What you must do
- Members must comply with the levy of an additional 15% exposure margin on identified securities in the equity derivatives segment.
Key dates
- Effective from
- 31 Jul 2026
- Effective date of the framework
- 31 Jul 2026
Document text
NSE Clearing Limited
| Department: FUTURES & OPTIONS | |
|---|---|
| Download Ref No: NCL/CMPT/75226 | Date: July 16, 2026 |
| Circular Ref. No: 086/2026 |
To All Members,
Sub: Additional Exposure Margin on Securities under MWPL
This is with reference to NSE circular No. NSE/INVG/40472 dated March 18, 2019 on Exposure margin of security under MWPL.
Additional exposure margin @15% in equity derivatives segment shall be levied 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. Scripts shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis.
This framework shall be effective from July 31, 2026. List of securities shortlisted is attached at Annexure 1.
For and on behalf of NSE Clearing Limited
Huzefa Mahuvawala Chief Risk Officer
| Telephone No | Email id |
|---|---|
| 1800 266 0050(Select IVR option No 2) | risk_ops@nsccl.co.in |
Non-Confidential
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 16 Jul 2026
- Document number
- 086/2026
- Issuing division
- FUTURES & OPTIONS
- Effective date
- 31 Jul 2026
- Coverage area
- securities