NSE Clearing Limited
| DEPARTMENT: COMMODITY DERIVATIVES SEGMENT | |
|---|
| Download Ref No: NCL/COM/75319 | Date: July 21, 2026 |
| Circular Ref. No: 0264/2026 | |
All Members/Custodians/PCM
Sub: Change in Collateral Timings
This is with reference to circular ref. no. 0156/2026 (Download Ref No: NCL/COM/74020 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 | 10:00 PM | 10:00 PM |
| Cash and FDR Release: | | |
| Intraday | 8:00 PM | 9:00 PM |
| End of Day | 8:00 PM | 8:00 PM |
| Allocation | 11:30 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 |
*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
Non-Confidential
