Description
NSE Clearing adds MUFG Bank Ltd to the list of approved banks that can provide Fixed Deposit Receipts in electronic form as collateral for clearing members.
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 under the Securities Lending & Borrowing Scheme.
Key Points
- MUFG Bank Ltd is now authorized to issue electronic Fixed Deposit Receipts
- This addition expands the existing facility for empaneled banks to submit FDRs electronically
- Members can register for email and SMS notifications for FDR additions and renewals through NMASS module
- Electronic FDR facility was previously established through consolidated circular 037/2025 dated April 30, 2025
Regulatory Changes
No new regulatory framework introduced. This is an expansion of the existing electronic FDR facility by adding one more approved bank to the empaneled list.
Compliance Requirements
- Participants and custodians should note the addition of MUFG Bank Ltd to their approved bank lists
- Members wanting notifications should register email IDs and mobile numbers under NMASS module
- Subscribe for “Electronic Addition/Renewal of FDR” Email or SMS alerts
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 an additional banking option for electronic FDR submission, potentially offering more flexibility in collateral management. The addition enhances the existing infrastructure without requiring system changes or new compliance procedures.
Impact Justification
Administrative update adding one bank to existing electronic FDR facility with minimal market impact