The Clearing Corporation of India Ltd (CCIL) on July 16, 2026, issued a notification regarding Collateral Work-Flow Procedure for Designated Settlement Banks (DSB).
The following has been stated:-
•CCIL has notified the workflow procedure for Designated Settlement Banks (DSBs) for handling Member Common Collateral (MCC) and Default Fund deposits, withdrawals, and corporate actions, effective August 17, 2026.
•The notification outlines the responsibilities of DSBs in processing fund contributions, approvals through the Integrated Member Portal, and adherence to prescribed cut-off timings.
•It also prescribes the procedure for fund withdrawals, requiring members to submit withdrawal notices at least one business day in advance, with payments processed through RTGS/NEFT or other approved modes.
•Additionally, the notification details the mechanism for crediting corporate action payments to members and ensures standardized collateral management across CCIL's Securities and Rupee Derivatives segments.
The detailed notification is given in the document below.
[Notification No.: CCIL/OPS/MCC/2026-27/23]
