Description

NSE Clearing revises position limits for WEBELSOLAR in Securities Lending and Borrowing Scheme, increasing market-wide position limit 10-fold effective November 17, 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 WEBELSOLAR in the Securities Lending and Borrowing Scheme for November 2025. The revised limits represent a 10-fold increase across all categories and will be effective from November 17, 2025.

Key Points

  • Market Wide Position Limit increased from 3,051,261 shares to 30,512,616 shares
  • Participant limit increased from 305,126 shares to 3,051,261 shares
  • Institutional client limit increased from 305,126 shares to 3,051,261 shares
  • Non-Institutional client limit increased from 30,512 shares to 305,126 shares
  • Revision applies to Securities Lending and Borrowing Scheme only
  • Circular issued in pursuance to NCL/CMPT/67763 dated April 30, 2025 and partial modification of NCL/CMPT/71091 dated October 31, 2025

Regulatory Changes

All position limits for WEBELSOLAR in the SLB scheme have been increased by a factor of 10, allowing greater participation and higher volumes in securities lending and borrowing transactions for this security.

Compliance Requirements

  • All participants and custodians must take note of the revised limits
  • New limits must be implemented from November 17, 2025
  • Participants should adjust their risk management and position monitoring systems accordingly
  • Institutional and non-institutional clients can utilize the enhanced limits from the effective date

Important Dates

  • Circular Date: November 14, 2025
  • Effective Date: November 17, 2025
  • Applicable Period: November 2025

Impact Assessment

The 10-fold increase in position limits significantly expands the capacity for securities lending and borrowing activity in WEBELSOLAR. This revision will:

  • Enable higher liquidity in the SLB market for WEBELSOLAR
  • Allow institutional investors to take larger positions in lending/borrowing transactions
  • Provide greater flexibility for participants in managing their SLB portfolios
  • Potentially increase trading volumes and market depth for this security
  • Affect risk management frameworks as participants adjust to higher exposure limits

Impact Justification

Significant 10x increase in position limits for WEBELSOLAR in SLB scheme affects participants, institutional and non-institutional clients, enabling higher lending/borrowing activity