Change in bullions accepted as collateral
NSE circular NCL/COM/75034 · 03 Jul 2026
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited modifies the collateral requirements for bullions. Clearing members now pledge Gold and Silver as collateral in multiples of 1 gram. The previous requirement mandated multiples of 1 kilogram. All other existing provisions for bullion collateral remain unchanged. This change applies to all members, custodians, and professional clearing members. The new rule takes effect on July 06, 2026.
What you must do
- Clearing members must pledge bullions as collateral in multiples of 1 gram.
Key dates
- Effective from
- 06 Jul 2026
- Effective date of the new bullion collateral requirement
- 06 Jul 2026
Document text
NSE Clearing Limited
Circular
| DEPARTMENT: COMMODITY DERIVATIVES SEGMENT | |
|---|---|
| Download Ref No: NCL/COM/75034 | Date: Jul 03, 2026 |
| Circular Ref. No: 0240/2026 |
All Members/Custodians/PCM
Sub: Change in bullions accepted as collateral
This is in partial modification to Item 6 of Part B of circular ref. no. 74020 (Download Ref No: NCL/COM/0156 dated April 30, 2026).
Clearing members can now place bullions (including Gold and Silver) accepted as collateral is multiples of 1 gm instead of the existing multiples of 1 kg. Other provisions related to bullions accepted as collateral shall remain unchanged.
The above provisions shall be made effective from July 06,2026.
For and on behalf of NSE Clearing Limited
Huzefa Mahuvawala Chief Risk Officer
| Telephone No | Email id |
|---|---|
| 1800 266 0050 (IVR option 2) | collaterals_ops@nsccl.co.in |
Non-Confidential
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 03 Jul 2026
- Document number
- NCL/COM/75034
- Issuing division
- COMMODITY DERIVATIVES SEGMENT
- Effective date
- 06 Jul 2026
- Coverage area
- securities