Description
NSE Clearing Limited announces mock session on December 13, 2025 for testing Software as a Service (SaaS) setup and two-way portability functionalities across clearing corporations.
Summary
NSE Clearing Limited (NCL) is conducting a mandatory mock session on December 13, 2025, to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations. This initiative aligns with SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates quarterly mock sessions to familiarize members with SaaS functionalities for business continuity purposes. Members are required to actively participate and test all functionalities during the designated time slots.
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 and 10:30 hrs
- NCL will operate using SaaS setup (NCL@ICCL) between 11:15 hrs and 13:45 hrs
- Members must test all functionalities associated with SaaS setup
- Login credentials previously issued remain valid; new members should email support@nsccl.co.in
- Reference circular: NCL circular no 025/2023 (Download No: NCL/CD/56357) dated April 13, 2023
- Department: Currency Derivatives
- Circular Reference: 044/2025
Regulatory Changes
No new regulatory changes introduced. This circular implements the existing SEBI requirement (SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023) mandating quarterly mock sessions for testing business continuity arrangements through SaaS model across clearing corporations.
Compliance Requirements
- All members must actively participate in the mock session on December 13, 2025
- Members should test all functionalities during the designated time window (10:00 hrs to 13:45 hrs)
- Members who have not obtained login credentials must send email to support@nsccl.co.in
- Members should refer to NCL circular no 025/2023 for guidelines and standard operating procedures (SOPs)
- Three access links provided for testing:
- RTRMS Link: https://isrm.connect2nsccl.com/stocks/jsp/rms/
- Collateral Link: https://isrmcoll.connect2nsccl.com/application/applogin/login.aspx
- Extranet Link: https://isrmxnet.connect2nsccl.com/Extranet_Login.aspx
Important Dates
- December 10, 2025: Circular issued
- December 13, 2025: Mock session date
- 10:00 hrs - 10:30 hrs: NCL invokes SaaS setup
- 11:15 hrs - 13:45 hrs: NCL operational using SaaS setup (NCL@ICCL)
- 10:00 hrs - 13:45 hrs: Members to test functionalities
Impact Assessment
Operational Impact: Medium - This is a routine quarterly compliance exercise with no direct market impact. However, member participation is mandatory to ensure business continuity preparedness.
Market Impact: Low - The mock session does not affect regular trading or clearing operations. It is conducted to test backup infrastructure.
Member Impact: Medium - Members must allocate resources and technical personnel to participate in testing during the specified time window. Those without login credentials need to obtain them promptly.
Business Continuity: High importance for long-term resilience - These quarterly drills ensure that in case of primary system failure, clearing operations can seamlessly transition to the SaaS backup setup, thereby protecting market integrity and reducing systemic risk.
Contact Support: Members can reach NCL support at 18002660050 (IVR Option 2) or support@nsccl.co.in for assistance.
Impact Justification
Routine quarterly mock session for SaaS testing as per SEBI requirements. Important for member familiarization and business continuity preparedness but not market-impacting.