Revision in Member-wise Bank-wise Limits and Member-wise Limits for Bank Guarantee Collaterals

What changed

NSE Clearing Limited has revised the limits for the acceptance of Bank Guarantees (BG) provided as collateral by members in the Futures and Options segment. The circular updates both member-wise bank-wise limits (differentiating between 'Other Banks' and 'Clearing Bank') and total member-wise limits across all segments and schemes. These limits are categorized based on the member type—Professional Clearing Member (PCM), Custodian, Trading Cum Clearing Member (TM-CM), or Self Clearing Member (SCM)—and the net worth of the entity. Members are required to verify their applicable limits before issuing new Bank Guarantees to ensure compliance with these updated thresholds.

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