Applicability of Early Pay-in Benefit in Commodity Derivatives Segment
NSE circular 0338/2026 · 18 Sept 2026
Official title
Applicability of the benefit of early pay-in in Commodity Derivatives Segment
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited provides an exemption from margin requirements for members and clients in the Commodity Derivatives Segment. This exemption applies when members or clients perform early pay-in through the Inventory Management System interface. The exemption covers open positions in derivative contracts that relate to the underlying commodity for which the early pay-in occurs. This change takes effect on September 21, 2026.
What you must do
- Provide early pay-in through the Inventory Management System interface to receive margin exemptions.
Key dates
- Effective from
- 21 Sept 2026
- Effective date of the circular provisions.
- 21 Sept 2026
Document text
[Image omitted. See the official document.]
NSE Clearing Limited
Department: COMMODITY DERIVATIVES SEGMENT
| Download Ref No: NCL/COM/76416 | Date: September 18, 2026 |
|---|---|
| Circular Ref. No: 0338/2026 |
All Members,
Sub: - Applicability of the benefit of early pay-in in Commodity Derivatives Segment
This is further in reference to SEBI circular ref. no: HO/47/16/13(4)2026-MRD-POD1/I/14266/2026 dated June 19, 2026, and NCL Circular ref. no: 0217/2026 (Download Ref No: NCL/COM/74804) dated June 22, 2026, regarding Clarification with respect to applicability of the benefit of early pay-in in Commodity Derivatives Segment.
Members/clients providing early pay-in through the Inventory Management System (IMS) interface shall be exempt from margins applicable on their open positions in the relevant derivative contracts available on the underlying commodity for which the early pay-in has been made.
The provisions of this circular shall be effective from September 21, 2026.
Members are requested to take note of the above.
For and on behalf of
NSE Clearing Limited
Huzefa Mahuvawala
Chief Risk Officer
| Telephone No | Email id |
|---|---|
| 1800 266 0050 (IVR Option 2) | risk_ops@nsccl.co.in |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 18 Sept 2026
- Document number
- 0338/2026
- Issuing division
- COMMODITY DERIVATIVES SEGMENT
- Effective date
- 21 Sept 2026
- Coverage area
- securities