The National Stock Exchange (NSE) on July 13, 2026, issued the Update in the formats - Commodity Derivatives Segment.
The following has been stated:
• NSE has revised the standard agreement formats applicable to the Commodity Derivatives Segment, including the Deed of Pledge for Commodities and the Agreement for placing Government Securities (G-Secs)/Treasury Bills (T-Bills) as collateral with NSE Clearing Limited (NCL). The updated formats specify the rights and obligations of Clearing Members and constituents regarding the creation, maintenance, operation, and release of pledged commodities and collateral securities.
• They also empower NCL to enforce collateral, recover dues, maintain SGL sub-accounts with the RBI, prescribe indemnity and liability provisions, define termination procedures, and clarify the governing law and documentation requirements.
• The revised agreements are to be executed on the prescribed stamp paper and will govern the use of commodities and G-Secs/T-Bills as collateral for margin and security deposit purposes in the Commodity Derivatives Segment.
[Notification no. - NCL/COM/74184]
