Description

NSE Clearing revises Securities Lending and Borrowing Scheme position limits for PATELENG effective December 5, 2025, with Market Wide Position Limit increased from 50,236,416 to 52,006,862 shares.

Summary

NSE Clearing Limited has revised the Market Wide Position Limit (MWPL) and position limits for Participants, Institutional clients, and Non-Institutional clients for PATELENG in the Securities Lending and Borrowing Scheme for December 2025. The revised limits will be effective from December 5, 2025, representing an increase of approximately 3.5% across all categories.

Key Points

  • Market Wide Position Limit increased from 50,236,416 to 52,006,862 shares
  • Participant limit increased from 5,023,641 to 5,200,686 shares
  • Institutional client limit increased from 5,023,641 to 5,200,686 shares
  • Non-Institutional client limit increased from 502,364 to 520,068 shares
  • Revision applies to Securities Lending and Borrowing Scheme only
  • Circular references previous circulars NCL/CMPT/67763 (April 30, 2025) and NCL/CMPT/71557 (November 28, 2025)

Regulatory Changes

This circular constitutes a partial modification of circular NCL/CMPT/71557 dated November 28, 2025, and is issued in pursuance to circular NCL/CMPT/67763 dated April 30, 2025. The changes represent standard periodic revisions to position limits based on market conditions and outstanding shares available for lending.

Compliance Requirements

  • All Participants and Custodians must note and implement the revised position limits
  • The new limits must be enforced starting December 5, 2025
  • Participants should ensure their systems are updated to reflect the new MWPL and client limits
  • For queries or support, participants can contact NSE Clearing at 18002660050 (IVR Option 2) or email support@nsccl.co.in

Important Dates

  • Circular Date: December 4, 2025
  • Effective Date: December 5, 2025
  • Applicable Period: December 2025

Impact Assessment

Market Impact: The increase in position limits provides additional capacity for participants and clients to take positions in PATELENG through the Securities Lending and Borrowing Scheme. The 3.5% increase suggests marginal expansion in available lending capacity or outstanding shares.

Operational Impact: Participants need to update their risk management systems and position monitoring frameworks to accommodate the higher limits. The increase benefits both institutional and non-institutional investors by allowing larger positions in the stock through SLBS.

Stock-Specific Impact: For PATELENG, the higher limits may facilitate increased borrowing and lending activity, potentially improving liquidity in the securities lending market for this stock.

Impact Justification

Routine position limit revision for a single stock in Securities Lending and Borrowing Scheme with approximately 3.5% increase in limits, affecting participants and institutional/non-institutional clients