NSE Clearing Limited
| DEPARTMENT: DEBT SEGMENT | |
|---|
| Download Ref No: NCL/DS/75292 | Date: July 20, 2026 |
| Circular Ref. No: 012/2026 | |
All Members/Custodians/PCM
Sub: Revision in member wise bank wise limits and member wise limits prescribed for acceptance of Bank Guarantee towards collaterals
This is in modification to Item 10.3.3.1 of our consolidated circular no. 0154/2026 (Download Ref No: NCL/DS/74002) dated April 30, 2026.
1. Member-wise Bank-wise Limits
Based on the category of the member the above limits shall be subject to a maximum amount as mentioned below:
| Category of member | Applicable total limit per clearing member across all the segments / schemes (Rs in Crores) |
|---|
| Other Banks |
| Professional Clearing Member (PCM) / Custodian / Trading Cum Clearing Members (TM-CM) with net worth =>Rs.500 crores | 3500.00 |
| Professional Clearing Member (PCM) / Custodian / Trading Cum Clearing Members (TM-CM) with net worth <Rs.500 crores | 1750.00 |
| Self Clearing Member (SCM) | 350.00 |
2. Member-wise Limits
Based on category of the member the below mentioned maximum value of bank guarantee limit shall be applicable across all segments /schemes:
| Category of member | Applicable total limit per clearing member across all the segments / schemes (Rs in Crores) |
|---|
| Professional Clearing Member (PCM) / Custodian / Trading Cum Clearing Members (TM-CM) with net worth =>Rs.500 crores | 17500.00 |
| Professional Clearing Member (PCM) / Custodian / Trading Cum Clearing Members (TM-CM) with net worth <Rs.500 crores | 8750.00 |
| Self Clearing Member (SCM) | 2150.00 |
Members are advised to check their applicable limit before getting their bank guarantees issued.
For and on behalf of
NSE Clearing Limited
Huzefa Mahuvawala
Chief Risk Officer
Non-Confidential
