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Clearing members of the currency derivative segment must report client details to the Clearing Corporation when clients intend to take positions exceeding USD 5 Million in contracts involving INR across all exchanges. Members must designate an Authorised Dealer (AD-1) Bank and submit a confirmation letter from the bank. The Clearing Corporation provides a file upload facility on the NMASS portal for submitting AD-1 Bank details. Members must follow the specified file nomenclature and format requirements for these submissions. Upon receipt of the information, the Clearing Corporation shares position details with the respective AD-1 Bank.
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Annexure 2
❖ Role management Access to new module
[Image omitted. See the official document.]
❖ File Format
| Sl | Column Name | Field Length | Remarks |
|---|---|---|---|
| 1 | Name of the client | CHAR (300) | Mandatory |
| 2 | Permanent Account Number (PAN) | CHAR (10) | Mandatory |
| 3 | Trading member code (TM Code) | CHAR (5) | Optional. However, if provided, must be linked to the Clearing Member |
| 4 | Custodian Participant code (CP code)/ UCC code | CHAR (12) | Mandatory |
UCC code will be provided for Non-CP client | | 5 | Clearing member (CM) code of AD-I Bank | CHAR (6) | Optional field. To Be provided if AD-1 bank is a valid Clearing Member of NCL | | 6 | E-mail ID | CHAR(100) | Mandatory- Email id of AD 1 Bank is required | | 7 | Is Valid? | CHAR (1) | For insert, this flag must be ‘Y’ and for deletion the flag must be “N” |
*File will not contain headers
Annexure 2
❖ File Upload in NMass portal by Clearing Member
[Image omitted. See the official document.]
[Image omitted. See the official document.]
[Image omitted. See the official document.]
| Download Ref No: NCL/CD/ 77349 | Date: November 06, 2026 |
|---|---|
| Circular Ref. No: 051/2026 |
All Members,
Sub: Update on Mechanism for Reporting --- Currency derivative contracts involving INR.
This is further to our consolidated circular No. 018/2026 (NCL/CD/73998) dated April 30,2026. This has reference to NCL circular NCL/CD/45518 dated August 31,2020 and SEBI circular bearing reference number HO/ (561)2026-MRD-POD2/I/25177/2026 dated November 5,2026.
All Clearing members of the Currency derivative segment are required to report to the Clearing Corporation, the details of Clients who wish to take positions beyond USD 5 Million (or equivalent) in contracts involving INR in all exchanges put together, to designate an Authorised Dealer/Custodian. The Clearing member is also required to submit a confirmation from AD-1 Bank. The revised file format of Letter from AD-1 Bank is attached as Annexure 1. A file upload facility has been provided on NMASS portal for uploading the AD-1 Bank details. The details of the same is provided in Annexure 2. On receipt of the requisite information, NCL shall provide the position details to the respective AD-1 Bank. The file format details are attached as Annexure 3
The same needs to be complied with if the Client wishes to take positions beyond USD 5 Million (or equivalent) in contracts involving INR.
Members are requested to take note of the above.
For and on behalf of
NSE Clearing Limited
Nisha Pillai
Vice President
| Telephone No | Email id |
|---|---|
| 1800 266 0050 (IVR Option 2) | support@nsccl.co.in |
