Description
NSE Clearing adds MUFG Bank Ltd to the list of banks authorized to provide Fixed Deposit Receipts in electronic form as collateral for currency derivatives segment.
Summary
NSE Clearing Limited has added MUFG Bank Ltd to the list of empaneled banks authorized to provide Fixed Deposit Receipts (FDRs) in electronic form as collateral for clearing members in the currency derivatives segment.
Key Points
- MUFG Bank Ltd added to approved bank list for electronic FDR submission
- Electronic FDRs can be used as collateral by clearing members
- Members can register for email and SMS notifications for FDR addition/renewal through NMASS module
- Facility applies to currency derivatives segment operations
Regulatory Changes
Expansion of empaneled banks list to include MUFG Bank Ltd for electronic FDR services, building on existing framework established in previous circulars.
Compliance Requirements
- Members should register email IDs and mobile numbers under NMASS module
- Subscribe to “Electronic Addition/Renewal of FDR” notifications via email or SMS
- Follow established procedures for electronic FDR submission as collateral
Important Dates
- Circular Date: September 04, 2025
- Effective immediately upon circular issuance
Impact Assessment
Minimal operational impact as this is an administrative addition to existing electronic FDR facility. Provides clearing members with additional banking option for collateral management in currency derivatives segment.
Impact Justification
Administrative update adding one bank to existing electronic FDR facility with minimal market impact