Laws and sections by number or title, due dates, pages, and updates.
NSE Clearing Limited updates the inactive Custodial Participant codes file format to include an additional column for Only Sell Allowed where clients execute sell transactions. Custodians provide the file through the N-MASS application following the revised file format. Trading members and custodians receive the updated facility starting from September 28, 2026. Custodians upload all inactive Custodial Participant codes in a single file and upload the entire file again for any modification, addition, or deletion.
What you must do
Key dates
Who is affected
If you do not comply
Ask about this circular
| Download Ref No: NCL/CMPT/76493 | Date: September 23, 2026 |
|---|---|
| Circular Ref. No: 0345/2026 |
All Members / Custodians,
This is further to our circular number- NCL/CMPT/73380 dated 20-Mar-2026 regarding Information of Inactive Custodial Participant Codes to Trading Members.
Custodians are currently providing information regarding Custodial Participant (CP) Codes for which clearing and settlement activities shall not be carried out by Custodians. Based on feedback received from Custodians and Members, the file shall contain additional column for ‘Only Sell Allowed’ where in client is allowed to execute sell transactions.
User manual along with Sample file with revised file format is attached as Annexures.
The facility will be available made available from 28-Sep-2026.
For and on behalf of
NSE Clearing Limited
Ashwini Goraksha
Associate Vice President
| Telephone No | Email id |
|---|---|
| 18002660050 (IVR Option 2) | cm_clearing_ops@nsccl.co.in |
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File nomenclature– “CM_InactiveCP_ddmmyyyy.csv”
Path- Extranet/ Common/ clearing folder
Control Record
| Field | Description |
|---|---|
| Record Type | 10 |
| Date | Current date in ddmmyyyy format |
| Number of records | Total number of records in the file |
Detail Record-
| Field | Description |
|---|---|
| Record Type | 20 |
| CP Code | CP code |
| Only Sell Allowed | ‘Y’ / <blank> |
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Facility will be available to Custodians to upload information regarding inactive CP codes from 09:00 AM to 07:00 PM on a working day in N-MASS application.
Custodian needs to assign -INACTIVE CP for ‘FILE UPLOAD’ and ‘FILE DOWNLOAD’ service through ROLE MANAGEMENT menu. Custodians need to ensure that ‘Write’ access is provided for the said menu.
[Image omitted. See the official document.]
[Image omitted. See the official document.]
[Image omitted. See the official document.]
File Format:
Control Record
| Field | Description |
|---|---|
| Record Type | Expected Value “10” for control record |
| Date | Current date in ddmmyyyy format |
| Number of records | Total number of records in the file |
Detail Record
| Field | Description |
|---|---|
| Record Type | Expected Value “20” for detailed record |
| CP Code | CP code |
| Only Sell Allowed | ‘Y’ / <blank> |
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I. Response file shall be generated for custodian as follows
CM_INACTIVECP_ DDMMYYYY_Rnn/Snn.csv
DDMMYYYY is current date
nn batch number as given by custodian
R – In case t any/ all records are rejected
S – If ALL records in the file are successful
II. Response file can be downloaded from –
N-MASS – Online CP – INACTIVE CP – FILE DOWNLOAD
[Image omitted. See the official document.]
III. Error codes that will be updated in response file.
| Error Code | Error Description |
|---|---|
| 001 | CP Code is NULL |
| 002 | CP Code has leading/ trailing spaces |
| 003 | CP Code is in lower case |
| 004 | CP Code contains junk characters |
| 005 | CP Code is not available in NCL |
| 006 | CP Code having duplicate records |
| 007 | CP Code length is greater than 12 characters |
