Risk Management Approach
NSE International Clearing has developed a comprehensive risk containment mechanism. The most critical component of a risk containment mechanism for NSE International Clearing the online position monitoring and margining system. The actual margining and position monitoring is done on-line, on an intra-day basis. NSE International Clearing uses the SPAN® (Standard Portfolio Analysis of Risk) system for the purpose of margining, which is a portfolio-based system.
NICCL provides cross margin benefit on offsetting positions in correlated products including:
- NIFTY 50 - BANKNIFTY
- NIFTY 50 - FINNIFTY
- BANKNIFTY - FINNIFTY
- Nifty 50 and constituents of Nifty 50 Index
- INRUSD and QINRUSD