Description
NSE 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 authorized to provide Fixed Deposit Receipts (FDRs) in electronic form as collateral for clearing members.
Key Points
- JP Morgan Chase Bank now approved for electronic FDR submission
- Facility allows empaneled banks to submit FDRs as collateral in electronic format
- Members can register for email/SMS notifications for FDR additions and renewals through NMASS module
- Contact details provided for collateral operations queries
Regulatory Changes
Expansion of approved bank list for electronic FDR facility - JP Morgan Chase Bank added as the latest approved institution.
Compliance Requirements
- Members should register email IDs and mobile numbers under NMASS module
- Subscribe to “Electronic Addition/Renewal of FDR” notifications
- Use approved banks only for electronic FDR submissions
Important Dates
- Circular effective: August 8, 2025
- References previous circulars from July 21, 2025 and April 29, 2025
Impact Assessment
Minimal market impact - provides additional banking option for clearing members requiring electronic FDR facilities. Enhances operational flexibility for collateral management.
Impact Justification
Administrative update adding one bank to existing electronic FDR facility