Description
NSE Clearing adds Credit Agricole Corporate and Investment Bank (India) to the list of approved banks for the Currency Derivatives Segment.
Summary
NSE Clearing Limited has revised the list of approved banks for the Currency Derivatives Segment by adding Credit Agricole Corporate and Investment Bank (India) to the existing approved banks list. This is a supplementary update to circular no. 041/2025 dated November 20, 2025.
Key Points
- Credit Agricole Corporate and Investment Bank (India) has been added to the approved banks list
- This addition supplements the existing list of approved banks
- The update applies to the Currency Derivatives Segment
- Circular reference: NCL/CD/71429, Circular no. 042/2025
- Previous related circular: 041/2025 dated November 20, 2025
Regulatory Changes
No regulatory policy changes. This is an administrative update expanding the list of approved banks that members can use for currency derivatives operations.
Compliance Requirements
- Members are advised to take note of the updated approved banks list
- Members may now utilize Credit Agricole Corporate and Investment Bank (India) for applicable banking operations in the Currency Derivatives Segment
- For queries, members can contact NSE Clearing at 1800 266 0050 (option 2) or collaterals_ops@nsccl.co.in
Important Dates
- Circular Date: November 24, 2025
- Effective Date: Immediate (from date of circular)
Impact Assessment
Market Impact: Minimal. This is a routine addition to the approved banks list that provides members with an additional banking option for currency derivatives operations.
Operational Impact: Low. Members gain one more approved bank option for collateral and banking operations in the Currency Derivatives Segment, providing greater flexibility in banking relationships.
Member Impact: Positive but minimal. Members now have an expanded choice of approved banks, though this does not affect existing banking arrangements or require any action from members.
Impact Justification
Routine administrative update adding one bank to approved list for currency derivatives segment. No impact on existing operations or trading activities.