Description

NSE Clearing Limited (NCL) announces a mock session on May 16, 2026 for members to test the SaaS setup and familiarize themselves with interfaces for two-way portability across clearing corporations.

Summary

NSE Clearing Limited (NCL) has announced a member interface testing mock session for its Software as a Service (SaaS) setup on May 16, 2026. This session is mandated under SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which requires quarterly mock sessions to ensure business continuity for clearing corporations through the SaaS model. All currency derivatives members are requested to actively participate and test all associated functionalities.

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 be operational using SaaS setup (NCL@ICCL) between 12:30 hrs and 13:30 hrs
  • All members must test functionalities associated with the SaaS setup during the mock session
  • Session timings details provided by respective Exchanges
  • Members who already have login credentials may use the same; new credential requests to be sent to support@nsccl.co.in

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes the existing mandate under 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.

Compliance Requirements

  • All NCL members in the Currency Derivatives segment must participate in the mock session on May 16, 2026
  • Members must test all functionalities associated with the SaaS setup
  • Members without login credentials must email support@nsccl.co.in to obtain credentials before the mock session
  • Members should refer to NCL circular no 025/2023 (Download No: NCL/CD/56357) dated April 13, 2023 for guidelines and standard operating procedures (SOPs) for accessing the member interface

Important Dates

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

Impact Assessment

This is a routine operational exercise affecting all NCL Currency Derivatives members. Participation is expected of all members to ensure readiness for business continuity scenarios where SaaS infrastructure would need to be activated. The mock session has no direct market or trading impact but is critical for operational preparedness. Members must ensure they have valid login credentials and are familiar with the following access links:

Contact: support@nsccl.co.in | Helpline: 1800 266 0050 (IVR Option 2)

Impact Justification

Operational circular requiring member participation in a mandatory quarterly mock session for SaaS business continuity setup; impacts all NCL currency derivatives members but is a routine compliance exercise.