The National Commodity & Derivatives Exchange Limited (NCDEX) on July 24, 2026, issued circular on Scheme of deposit for acceptance of Government Securities, Treasury Bills.
Pursuant to SEBI and NCCL circulars on commodity derivatives and risk management, the Clearing Corporation has revised the scheme for accepting Government Securities, Treasury Bills, and Sovereign Gold Bonds (SGBs) as collateral towards Additional Base Capital (ABC), along with updated haircut rates.
Members are allowed to deposit approved securities from the list issued by NSE, subject to prescribed haircuts and daily valuation. Valuation will be based on prices from CCIL (for Government Securities and Treasury Bills) and NSE (for SGBs), with the collateral value calculated after applying the haircut. The Clearing Corporation may revise the approved list and haircut requirements from time to time. Securities nearing maturity will lose collateral benefit two days prior, and discontinued securities will not be eligible.
The revised list and framework will be effective from the beginning of the trading day on August 03, 2026.
[Circular No. NCCL/RISK-038/2026]
