Revision in Member-wise Bank-wise Limits and Member-wise Limits for Bank Guarantee Collaterals · NCL/CMPT/75294
NSE circular NCL/CMPT/75294 · 20 Jul 2026
Official title
Revision in member wise bank wise limits and member wise limits prescribed for acceptance of Bank Guarantee towards collaterals
Official record
Open source pageSummary
Check the official recordWhat 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.
What you must do
- Members must verify their applicable bank guarantee limits before initiating the issuance of bank guarantees.
Who is affected
- All Members, Custodians, and Professional Clearing Members (PCM) operating in the Futures and Options segment.
Document text
NSE Clearing Limited
DEPARTMENT: FUTURES AND OPTIONS SEGMENT
| Download Ref No: NCL/CMPT/75294 | Date: July 20, 2026 |
|---|---|
| Circular Ref. No: 088/2026 |
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 9.4.3.1 of our consolidated circular no. 050/2026 (Download Ref No: NCL/CMPT/73997) dated April 30, 2026.
- 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 |
- 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
| Telephone No | Email id |
|---|---|
| 1800 266 0050 (IVR Option 2) | collaterals_ops@nsccl.co.in |
Non-Confidential
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 20 Jul 2026
- Document number
- NCL/CMPT/75294
- Issuing division
- FUTURES AND OPTIONS SEGMENT
- Coverage area
- securities