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 approved electronic FDR provider list
- Electronic FDR facility allows banks to submit Fixed Deposit Receipts as collateral in electronic form
- Members can register for email and SMS notifications for FDR additions and renewals through NMASS module
- Subscription available for “Electronic Addition/Renewal of FDR” alerts
Regulatory Changes
Expansion of approved bank list for electronic FDR submissions under existing regulatory framework.
Compliance Requirements
- Members should register email IDs and mobile numbers in NMASS module for notifications
- Subscribe to “Electronic Addition/Renewal of FDR” email or SMS alerts for updates
Important Dates
- Circular Date: September 04, 2025
- Effective immediately for MUFG Bank Ltd
Impact Assessment
Minimal operational impact. Provides additional flexibility for clearing members by expanding the list of banks that can provide electronic FDRs as collateral. Enhances operational efficiency in collateral management processes.
Impact Justification
Routine addition of one bank to existing electronic FDR facility with minimal market impact