Description
NCL is conducting a mock session on March 07, 2026 to test the SaaS setup for two-way portability across clearing corporations, requiring all members to participate and test associated functionalities.
Summary
NSE Clearing Limited (NCL) is conducting a mandatory mock session on March 07, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations. This is in compliance 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. NCL will invoke its SaaS setup and operate as NCL@ICCL during specific hours on the mock day.
Key Points
- Mock session scheduled for March 07, 2026 on the Capital Market Segment
- NCL will invoke its SaaS setup between 13:00 hrs – 13:30 hrs
- NCL will be operational using the SaaS setup (NCL@ICCL) between 13:30 hrs – 14:00 hrs
- Members must test all functionalities associated with the SaaS setup
- Members who have login credentials from previous circulars may use the same credentials
- Members without login credentials must email support@nsccl.co.in to obtain them
- 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
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 SaaS mock sessions to ensure business continuity for clearing corporations.
Compliance Requirements
- All members of the Capital Market Segment must actively participate in the mock session on March 07, 2026
- Members must test all requisite functionalities on mock day
- Members without login credentials must proactively contact support@nsccl.co.in to obtain them before the session
- Members should refer to NCL circular no 0138/2023 (NCL/CMPT/56360, April 13, 2023) and NCL circular no 088/2024 (NCL/CMPT/61960, May 10, 2024) for SOPs and guidelines
Important Dates
- March 07, 2026: Mock session date
- 13:00 – 13:30 hrs: NCL invokes its SaaS setup
- 13:30 – 14:00 hrs: NCL operational as NCL@ICCL using SaaS setup
Impact Assessment
This is a scheduled operational test with no direct impact on live trading or market activity. The mock session is confined to a 1-hour window on March 07, 2026. Members should ensure their systems and credentials are ready ahead of the session to avoid disruption. The broader purpose is to ensure business continuity readiness across clearing corporations through the SaaS model, which strengthens systemic resilience in the capital markets.
Impact Justification
Operational mock session for SaaS two-way portability testing; mandatory member participation required but no direct market or trading impact beyond the test window on March 7, 2026.