Description
NSE Clearing adds MUFG Bank Ltd to the list of approved banks for submitting Fixed Deposit Receipts in electronic form as collateral.
Summary
NSE Clearing Limited has added MUFG Bank Ltd to the list of approved banks that can provide Fixed Deposit Receipts (FDRs) in electronic form as collateral to clearing members. This expands the existing facility for empaneled banks to submit FDRs electronically.
Key Points
- MUFG Bank Ltd added to electronic FDR provider list
- Bank can now submit Fixed Deposit Receipts as collateral in electronic form
- Members can register for email/SMS notifications for FDR additions and renewals through NMASS module
- Facility applies to Futures and Options segment
Regulatory Changes
No new regulatory framework introduced. This is an expansion of existing electronic FDR submission facility by adding one more approved bank.
Compliance Requirements
- Members wanting notifications must register email IDs and mobile numbers under NMASS module
- Members must subscribe to “Electronic Addition/Renewal of FDR” Email or SMS alerts
- Standard collateral submission procedures apply for electronic FDRs from MUFG Bank
Important Dates
- Circular effective date: September 04, 2025
- No specific implementation deadlines mentioned
Impact Assessment
Minimal operational impact. This administrative update provides clearing members with one additional option for electronic FDR submission, potentially improving operational efficiency for members already working with MUFG Bank. No changes to existing processes or requirements for other banks or members.
Impact Justification
Administrative update adding one bank to existing electronic FDR facility with minimal operational impact