Description

NSE Clearing announces mock session on December 13, 2025 for testing Software as a Service (SaaS) setup to ensure business continuity and familiarize members with two-way portability functionalities.

Summary

NSE Clearing Limited (NCL) has scheduled a mock session on December 13, 2025, to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations. This is conducted in accordance with SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates quarterly mock sessions to ensure business continuity and familiarize members with SaaS functionalities.

Key Points

  • Mock session scheduled for December 13, 2025 from 10:00 hrs to 13:45 hrs
  • NCL will invoke SaaS setup between 10:00 hrs - 10:30 hrs
  • NCL will operate using SaaS setup (NCL@ICCL) between 11:15 hrs to 13:45 hrs
  • Members must test all functionalities associated with SaaS setup
  • Login credentials previously issued remain valid for this session
  • New members requiring credentials should email support@nsccl.co.in
  • Three access links provided: RTRMS, Collateral, and Extranet

Regulatory Changes

No new regulatory changes. This circular implements existing SEBI requirements from circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023 regarding quarterly mock sessions for business continuity through SaaS model.

Compliance Requirements

  • All clearing members are required to actively participate in the mock session
  • Members must test all functionalities during the designated timeframe
  • Members without login credentials must obtain them by contacting support@nsccl.co.in
  • Members should refer to previous NCL circulars for guidelines:
    • NCL circular no 0138/2023 (Download No: NCL/CMPT/56360) dated April 13, 2023
    • NCL circular no 088/2024 (Download No: NCL/CMPT/61960) dated May 10, 2024

Important Dates

  • December 13, 2025: Mock session testing date
    • 10:00 hrs - 10:30 hrs: SaaS setup invocation period
    • 10:00 hrs - 13:45 hrs: Overall testing window for members
    • 11:15 hrs - 13:45 hrs: NCL operational using SaaS setup (NCL@ICCL)

Impact Assessment

Operational Impact: Medium - Members need to allocate resources and technical staff to participate in the mock session and test interfaces. This is a routine quarterly exercise for business continuity preparedness.

Market Impact: Low - This is a testing exercise with no impact on live trading or settlement operations. The mock session is designed to prepare members for potential failover scenarios.

Technical Impact: Medium - Members must ensure their systems can connect to and operate through the SaaS infrastructure, testing RTRMS, Collateral, and Extranet interfaces.

Business Continuity: High importance for ensuring seamless operations in case primary clearing infrastructure needs to be switched to backup SaaS model during actual contingency situations.

Impact Justification

Operational testing requirement for clearing members to familiarize with backup SaaS infrastructure. Important for business continuity but routine quarterly exercise with no direct market impact.