NSE circular NCL/CD/75317 · 21 Jul 2026
Official record
Open source pageSummary
Check the official recordNSE Clearing Limited has revised the operational timings for collateral addition and release within the Currency Derivatives Segment. The updates extend the cut-off times for cash and FDR additions to 9:00 PM and adjust intraday and allocation release windows. Additionally, the circular establishes a new schedule for the release of pledged securities across 16 daily batches, with an end-of-day release set for 9:00 PM. Clearing members are specifically instructed to submit requests for the release of repledged securities intended for pay-in requirements one day prior to the pay-in date. These changes are effective from July 22, 2026, and apply to all members, custodians, and professional clearing members.
What you must do
Key dates
| DEPARTMENT: CURRENCY DERIVATIVES SEGMENT | |
|---|---|
| Download Ref No: NCL/CD/75317 | Date: July 21, 2026 |
| Circular Ref. No: 033/2026 |
All Members/Custodians/PCM
Sub: Change in Collateral Timings
This is with reference to circular ref. no. 018/2026 (Download Ref No: NCL/CD/73998 dated April 30, 2026) regarding timings for collateral addition and release.
Based on the feedback received from the members the revised timing for collateral addition and release shall be as follows:
| Type | Current cut off time | New cut off time |
|---|---|---|
| Cash and FDR Addition | 7:30 PM | 9:00 PM |
| Cash and FDR Release: | ||
| Intraday | 8:00 PM | 9:00 PM |
| End of Day | 8:00 PM | 8:00 PM |
| Allocation | 8:00 PM | 11:30 PM |
| Pledge Securities | |
|---|---|
| Batches | New Release Timing |
| 1 | 8:30 AM |
| 2 | 9:00 AM |
| 3 | 9:30 AM |
| 4 | 10:00 AM |
| 5 | 11:00 AM |
| 6 | 12:00 PM |
| 7 | 1:00 PM |
| 8 | 2:00 PM |
| 9 | 3:00 PM |
| 10 | 3:30 PM |
| 11 | 4:00 PM |
| 12 | 4:30 PM |
| 13 | 5:00 PM |
| 14 | 6:00 PM |
| 15 | 7:00 PM |
| 16 | 8:00 PM |
| EOD | 9:00 PM |
*In case of request for release of repledged securities towards pay-in requirement clearing members should ensure that such request is made one day prior to pay-in and not on the pay-in date.
The above timings shall be made effective from July 22, 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
Who is affected