Description
NSE Clearing adds JP Morgan Chase Bank to the list of approved banks for submitting Fixed Deposit Receipts as collateral in electronic form.
Summary
NSE Clearing Limited has added JP Morgan Chase Bank to the list of approved banks authorized to provide Fixed Deposit Receipts (FDRs) in electronic form as collateral for clearing members in the commodity derivatives segment.
Key Points
- JP Morgan Chase Bank added to approved banks list for electronic FDR submission
- Electronic FDRs can be used as collateral by clearing members
- Members can register for email and SMS notifications for FDR addition and renewal through NMASS module
- Facility applies to commodity derivatives segment
Regulatory Changes
Expansion of approved bank list for electronic Fixed Deposit Receipt facility, building on previous circulars from July 21, 2025 and April 30, 2025.
Compliance Requirements
- Members wanting notifications must register email IDs and mobile numbers under NMASS module
- Members must subscribe for “Electronic Addition/Renewal of FDR” Email or SMS alerts
- Contact collaterals_ops@nsccl.co.in for queries
- Call 1800 266 0050 (IVR option 2) for telephone support
Important Dates
- Circular effective: August 08, 2025
- References previous circulars from July 21, 2025 and April 30, 2025
Impact Assessment
Minimal operational impact - provides clearing members with additional banking option for electronic FDR submission, potentially improving operational efficiency and reducing paperwork for collateral management.
Impact Justification
Administrative update adding one bank to approved list for electronic FDR submission