The Clearing Corporation of India Limited (CCIL), on November 02, 2026, issued a revised Collateral Workflow Procedure governing contributions to and withdrawals from Default Funds across its Securities, Rupee Derivatives, Forex Settlement, Deliverable Forwards, FX Options and Non-Deliverable Forwards (NDF) segments. The notification supersedes the earlier Notification No. CCIL/OPS/DF/2026-27/21 dated July 16, 2026.
The revised procedure prescribes the process for contribution and withdrawal of funds and securities, securities substitution, value-free transfers between Margin Collection Collateral (MCC), Default Funds and Tri-Party Repo (TPR) collateral, and corporate actions. Members are required to submit contribution and withdrawal notices through the Integrated Member Portal, with securities transfers undertaken through the RBI's e-Kuber system. In case of non-availability of the portal, notices may be submitted by email to [email protected] in the prescribed format.
The notification also specifies requirements for transaction confirmation, maintenance of minimum Default Fund balances, applicable cut-off timings and interest payments on eligible cash and securities contributions. The revised procedure shall come into effect from December 7, 2026.
[Notification No. CCIL/OPS/DF/2026-27/35]
