Description

NSE Clearing extends collateral allocation window timings for January 2, 2026, with cash/FDR upstream/downstream till 8:00 PM and allocation window till 10:00 PM.

Summary

NSE Clearing Limited has announced modified timings for collateral allocation operations on January 2, 2026. The collateral upstream/downstream window for cash and fixed deposit receipts will remain open until 8:00 PM, while the collateral allocation window will be extended until 10:00 PM. NSE Clearing will endeavor to release Cash/FDR/BG within one hour of request, subject to available collateral after margin checks.

Key Points

  • Modified timings apply only to January 2, 2026
  • Collateral up-streaming and down-streaming window for cash and FDR extended till 8:00 PM
  • Collateral allocation window extended till 10:00 PM
  • Release of Cash/FDR/BG to be completed within one hour of request (subject to margin checks)
  • Reference to SEBI circular SEBI/HO/MIRSD/DOP/P/CIR/2022/101 dated July 27, 2022 regarding settlement of running account of client’s funds

Regulatory Changes

No permanent regulatory changes. This is a temporary operational timing adjustment for a specific date (January 2, 2026) related to collateral management processes under the Securities Lending and Borrowing Scheme.

Compliance Requirements

  • Clearing members must note the revised timings for January 2, 2026
  • Members can utilize the extended windows for collateral operations
  • Contact: Email collaterals_ops@nsccl.co.in or call 1800 266 0050 (IVR Option 2) for queries

Important Dates

  • December 29, 2025: Circular issued
  • January 2, 2026: Modified collateral allocation timings applicable
    • Cash/FDR upstream/downstream window: Till 8:00 PM
    • Collateral allocation window: Till 10:00 PM

Impact Assessment

Minimal operational impact. This is a one-day timing extension that provides clearing members additional time for collateral management activities on January 2, 2026. The extended windows offer greater flexibility for members to manage margin requirements and collateral positions. No impact on trading operations or end investors.

Impact Justification

Temporary one-day operational timing change for collateral management affecting only clearing members' administrative processes