The National Stock Exchange (NSE) on March 27, 2026, issued the notification regarding the Facility to Clearing Members to monitor Intraday Uncrystallised Mark to Market losses.
The following has been stated namely: -
• NSE Clearing Limited will introduce a facility to help clearing members monitor intraday uncrystallised mark-to-market (MTM) losses of trading members.
• Clearing members can optionally set MTM loss limits for trading members through the NMASS system; default is zero (no monitoring if not set).
• MTM monitoring is separate from margin/collateral monitoring and applies only to intraday unrealised losses.
• Losses are calculated in real time for futures positions, considering net losses across all client and proprietary trades at trading member level.
• If losses reach 100% of the set MTM limit, the trading member is disabled and moved to close-out mode.
This facility is effective from April 01, 2026.
[Notification No. NCL/CMPT/73495]
