Description
NSE Clearing adds MUFG Bank Ltd to the list of approved banks for providing 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 in the commodity derivatives segment.
Key Points
- MUFG Bank Ltd added to approved electronic FDR provider list
- Electronic FDRs can be submitted as collateral by empaneled banks
- Members can register for email/SMS notifications for FDR additions and renewals
- Registration available through NMASS module
Regulatory Changes
Expansion of approved bank list for electronic FDR facility from previous circulars 0251/2025 and 0123/2025.
Compliance Requirements
- Members should register email IDs and mobile numbers in NMASS module
- Subscribe to “Electronic Addition/Renewal of FDR” notifications
- Contact collaterals_ops@nsccl.co.in for queries
Important Dates
- Effective Date: September 04, 2025
Impact Assessment
Minimal operational impact. Provides clearing members with additional banking option for electronic FDR collateral submission, potentially improving operational efficiency.
Impact Justification
Administrative update adding one bank to approved list - minimal market impact