NSE Circular on : FAQ on Peak Margin reporting of Custodian Participant trades in all Derivatives Segment

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Date	Issuer	Subject	Topic
27-11-2020	NSE	FAQ on Peak Margin reporting of Custodian Participant trades in all Derivatives Segment	Compliance Margin
Highlights of NSE Circular dated November 27, 2020 on FAQ on Peak Margin reporting of Custodian Participant trades in all Derivatives Segment NCL had issued circular No. NCL/CMPL/46478 dated November 26, 2020 on Peak Margin reporting of Custodian Participant trades in all Derivatives Segment. Based on queries received from Members, frequently asked questions (FAQs)   FAQ for the Peak Margin reporting of Custodian Participant trades in all Derivatives Segment (Interim Process)   What is the responsibility of the Trading Member (executing broker) for margin reporting?              The Trading Member will have to report peak margins for CP trades in the MG13 reporting                               considering collection of margins by the Clearing Member as the penalties shall be levied by the                       Clearing Corporation on the basis of reporting by Clearing Member   How would the penalty be levied if the Trading Member (executing broker) reports shortage in margin reporting?               In the event of a Trading Member reporting shortage, penalty will be levied to the Trading Member                  and collected through its Clearing Member as per the existing process.    How would the penalty be levied if the Clearing Member reports shortage?               In the event of Clearing Member reports shortage (and executing broker has reported no shortage),                   penalty will be levied to the Clearing Member based on shortage reported by the Clearing Member   What happens if both Trading Member (executing broker) and Clearing Member reports no shortage?                 No penalties will be levied.   Will the Clearing Corporation continue with the approach of providing intraday peak snapshots during the interim process?   Yes   What is the cut off time for reporting peak margins collection by the Trading Member and the Clearing Member (through email)?                  T+5 as is being presently followed   Can a revised reporting be accepted in the event of erroneous confirmation on email?   Revised reporting will be accepted on a best effort basis. Clearing Members are required to   ensure proper due diligence before sending the email to CC.    NSE Circular no. NCL/CMPL/46498 dated November 27, 2020 is enclosed herewith for your ready reference. In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA – van...@secmark.in / 9223303460               SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968

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