Member Interface Testing of Two-way Portability across Clearing Corporations - SaaS Model (March 2026)

Description

NSE Clearing Limited schedules a mock session on March 06, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations, requiring members to test all associated functionalities.

Summary

NSE Clearing Limited (NCL) is conducting a mock session on March 06, 2026 to test the two-way portability Software as a Service (SaaS) setup across clearing corporations. This is in compliance with SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates at least one mock session per quarter to familiarize and train members on SaaS functionalities.

Key Points

• Mock session scheduled for March 06, 2026 under Circular Ref. No: 31/2026
• NCL will invoke its SaaS setup between 13:00 hrs – 13:30 hrs
• NCL will be operational using SaaS setup (NCL@ICCL) between 13:30 hrs – 14:00 hrs
• Members should test all functionalities associated with the SaaS setup
• Members without login credentials must email support@nsccl.co.in to obtain them
• Detailed session timings are provided by respective exchanges
• Reference circulars for SOPs: NCL/CMPT/56351 (April 13, 2023) and NCL/CMPT/61959 (May 10, 2024)

Regulatory Changes

No new regulatory changes introduced. This circular is issued in furtherance of SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which established the requirement for quarterly mock sessions to ensure business continuity through the SaaS model for clearing corporations.

Compliance Requirements

• All members are required to actively participate in the mock session on March 06, 2026
• Members must test all requisite functionalities on the mock day
• Members who have not yet obtained login credentials must contact support@nsccl.co.in prior to the session
• Members should refer to earlier SOPs (NCL circular nos. 056/2023 and 059/2024) for interface access guidelines
• Access links:
  • RTRMS: https://isrm.connect2nsccl.com/stocks/jsp/rms/
  • Collateral: https://isrmcoll.connect2nsccl.com/application/applogin/login.aspx
  • Extranet: https://isrmxnet.connect2nsccl.com/Extranet_Login.aspx

Important Dates

• March 06, 2026: Mock session date
• 13:00 – 13:30 hrs: NCL invokes SaaS setup
• 13:30 – 14:00 hrs: NCL operational using SaaS setup (NCL@ICCL)

Impact Assessment

This mock session is an operational drill with limited market impact. It affects clearing members in the Futures & Options segment who are required to test their interface with NCL’s SaaS setup. The session window (13:00–14:00 hrs) falls during active trading hours, so members should ensure their primary clearing operations are not disrupted. Non-participation could leave members unprepared in the event of an actual SaaS failover scenario.

Impact Justification

Routine quarterly mock session mandated by SEBI for SaaS business continuity testing; operationally relevant for clearing members but does not affect market-wide trading or listings.