Description
NSE Clearing adds JP Morgan Chase Bank to the list of approved banks for submitting Fixed Deposit Receipts in electronic form as collateral.
Summary
NSE Clearing Limited has added JP Morgan Chase Bank to the list of approved banks that can provide Fixed Deposit Receipts (FDRs) in electronic form as collateral to clearing members. This addition expands the existing facility for empaneled banks to submit FDRs electronically.
Key Points
- JP Morgan Chase Bank added to approved banks list for electronic FDR submission
- Electronic FDRs serve as collateral for clearing members
- Members can register for email and SMS notifications for FDR addition/renewal through NMASS module
- Contact available via telephone (1800 266 0050) and email (collaterals_ops@nsccl.co.in)
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 should register email IDs and mobile numbers under NMASS module
- Subscribe to “Electronic Addition/Renewal of FDR” notifications for updates
- Follow existing procedures for FDR collateral submission
Important Dates
- Circular Date: August 08, 2025
- No specific implementation deadline mentioned
Impact Assessment
Minimal market impact as this is an administrative addition to existing infrastructure. Provides clearing members with an additional banking option for electronic FDR collateral, potentially improving operational efficiency and choice in collateral management.
Impact Justification
Administrative addition of one bank to existing FDR facility with no market disruption