Description
NSE Clearing revises Securities Lending and Borrowing Scheme position limits for BEML, doubling all limits effective November 04, 2025.
Summary
NSE Clearing Limited has revised the Market Wide Position Limit (MWPL) and position limits for Participants, Institutional clients, and Non-Institutional clients for BEML in the Securities Lending and Borrowing Scheme. All limits have been doubled effective November 04, 2025. This revision follows earlier circulars NCL/CMPT/67763 dated April 30, 2025 and partial modification of NCL/CMPT/71091 dated October 31, 2025.
Key Points
- Market Wide Position Limit increased from 1,914,450 shares to 3,828,900 shares
- Institutional client limit doubled from 191,445 shares to 382,890 shares
- Participant limit doubled from 191,445 shares to 382,890 shares
- Non-Institutional client limit increased from 19,144 shares to 38,289 shares
- Changes effective from November 04, 2025
- Applies to Securities Lending and Borrowing Scheme for November 2025
Regulatory Changes
The position limits for BEML in the Securities Lending and Borrowing Scheme have been revised with all categories experiencing a 100% increase:
Old Limits:
- Market Wide Position Limit: 1,914,450 shares
- Institutional client Limit: 191,445 shares
- Participant limit: 191,445 shares
- Non-Institutional Client Limit: 19,144 shares
New Limits:
- Market Wide Position Limit: 3,828,900 shares
- Institutional client Limit: 382,890 shares
- Participant limit: 382,890 shares
- Non-Institutional Client Limit: 38,289 shares
Compliance Requirements
- All Participants and Custodians must take note of the revised position limits
- Participants should update their systems and risk management frameworks to reflect the new limits
- Position monitoring for BEML should be adjusted to the new thresholds from November 04, 2025
- Contact NSE Clearing support at 18002660050 (IVR Option 2) or support@nsccl.co.in for queries
Important Dates
- Circular Date: November 03, 2025
- Effective Date: November 04, 2025
- Applicable Period: November 2025
Impact Assessment
The doubling of position limits for BEML in the Securities Lending and Borrowing Scheme provides increased capacity for market participants to take positions in BEML securities. This change will:
- Enhance liquidity in the SLB segment for BEML
- Allow institutional and non-institutional participants to take larger positions
- Provide more flexibility for participants in their lending and borrowing activities
- Support increased trading activity in BEML through the SLB mechanism
The impact is specific to participants in the Securities Lending and Borrowing Scheme and does not affect regular equity market trading limits for BEML.
Impact Justification
Position limits doubled for BEML in SLB scheme, affecting all participant categories. Significant for those trading BEML but limited to SLB segment only.