Description

NSE Clearing adds JP Morgan Chase Bank to the list of approved banks that can provide 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 for clearing members in the Currency Derivatives Segment.

Key Points

  • JP Morgan Chase Bank is now approved to provide electronic Fixed Deposit Receipts
  • This is an addition to the existing list of approved banks from previous circulars
  • Electronic FDR facility is available for empaneled banks to submit FDRs as collateral
  • Members can register for email and SMS notifications for FDR addition and renewal

Regulatory Changes

Expansion of approved bank list for electronic FDR submission facility in Currency Derivatives Segment.

Compliance Requirements

  • Members should register email IDs and mobile numbers under NMASS module
  • Subscribe for “Electronic Addition/Renewal of FDR” Email or SMS notifications
  • Contact collaterals_ops@nsccl.co.in for queries
  • Use telephone support at 1800 266 0050 (IVR option 2)

Important Dates

  • Circular effective date: August 8, 2025
  • References previous circulars from July 21, 2025 and April 29, 2025

Impact Assessment

Minimal operational impact - provides members with an additional banking option for electronic FDR submission, potentially improving convenience and efficiency in collateral management for Currency Derivatives trading.

Impact Justification

Administrative update adding one bank to approved list for electronic FDR submission