MCX circular on -Custodial Participants Trade Approval
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Issuer: MCX
In terms of the provisions of the Rules, Bye-Laws and Regulations of Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) and in continuation to MCXCCL Circular No. MCXCCL/COMP/085/2025 dated April 30, 2025; Clearing Members of MCXCCL are notified as under:
As part of the changes in the auto approval of Custodial Participants (CP) trades, the following measures have been implemented.
• Auto approval of Custodial Participants (CP) trades shall be stopped once the CP’s margin utilization reaches 90%. Thereafter, such trades can be approved by the Clearing Member (CM) through existing file upload or via the approval screen available in eClear application.
• In the event of Clearing Member margin utilization reaches 90%, the CM shall not be permitted to approve trades. Approval shall be allowed only after the CM reduces its margin utilization below 90%
Members and market participants are requested to take note of the same.