Member Interface Testing of Two-way Portability across Clearing Corporations - SaaS Model

Description

NCL is conducting a mock session on May 16, 2026 to test the SaaS setup for two-way portability across clearing corporations, requiring members to participate and test all associated functionalities.

Summary

NSE Clearing Limited (NCL) is conducting a mock session on May 16, 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 and train members on SaaS functionalities. NCL will invoke its SaaS setup between 12:00–12:30 hrs, and will be operational as NCL@ICCL between 12:30–13:30 hrs.

Key Points

• Mock session scheduled for May 16, 2026
• NCL will invoke its SaaS setup between 12:00 hrs and 12:30 hrs
• NCL will operate as NCL@ICCL (via ICCL’s infrastructure) between 12:30 hrs and 13:30 hrs
• Members must test all functionalities associated with the SaaS setup
• Session timings details have been provided by respective Exchanges
• Members who have existing login credentials should use the same
• Members without credentials must email support@nsccl.co.in

Regulatory Changes

No new regulatory changes are introduced. This circular implements the existing mandate from SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which requires clearing corporations to conduct mock SaaS sessions at least once per quarter for business continuity preparedness.

Compliance Requirements

• All members in the Futures & Options segment must actively participate in the May 16, 2026 mock session
• Members must test all requisite functionalities on mock day
• Members should refer to NCL circular no. 056/2023 (NCL/CMPT/56351, dated April 13, 2023) and NCL circular no. 059/2024 (NCL/CMPT/61959, dated May 10, 2024) for SOPs and guidelines
• Members without login credentials must request access via email to support@nsccl.co.in prior to the session
• Access links to use during the session:
  • 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

• May 16, 2026: Mock session date
• 12:00–12:30 hrs: NCL invokes SaaS setup
• 12:30–13:30 hrs: NCL operational as NCL@ICCL under SaaS

Impact Assessment

This is a scheduled operational drill with no direct market or price impact. Members in the F&O segment need to allocate resources and ensure technical readiness on May 16, 2026 during the 12:00–13:30 hrs window. Non-participation could leave members unprepared for actual business continuity events. The exercise is low-risk but operationally important for ensuring seamless failover capability between clearing corporations under the SEBI-mandated SaaS framework.

Impact Justification

Routine quarterly mock session mandated by SEBI for business continuity testing; operationally important for members in F&O segment but does not introduce new regulatory changes or affect market-wide trading.