Client Margin Reporting

Clearing Members (CMs) and Trading Members (TMs) are required to collect upfront initial margins from all their Trading Members/ Constituents.

CMs are required to compulsorily report, on a daily basis, details in respect of the margin amount due and collected, from the TMs/ Constituents clearing and settling through them, with respect to the trades executed/ open positions of the TMs/ Constituents, which the CMs have paid to NSCCL, for the purpose of meeting margin requirements.

Similarly, TMs are required to report on a daily basis details in respect of the margin amount due and collected from the constituents clearing and settling through them, with respect to the trades executed/ open positions of the constituents, which the trading members have paid to the CMs, and on which the CMs have allowed initial margin limit to the TMs.

CMs/ TMs are required to report details of initial margins collected from their TMs/ Constituents by uploading files to the /FAOFTP/F<CODE>/COLAT/UPLD directory on the Extranet Server or by uploading the files through the Collateral Interface for Members (CIM).

  • For TMs, the <CODE> specified in the directory is the 5 digit Trading Member Code allotted by NSCCL (e.g. 09999)
  • For CMs the <CODE> specified in the directory is the 5 digit Primary Member Code allotted by NSCCL (e.g. 09999 and not M12345 or C23456)

CMs who do not clear trades for other trading members (self- clearing members), need to report only the file as applicable to TMs and are not required to report the file as applicable to CMs.

A return file is generated for all client margin reporting files uploaded by members.

Due date for Margin Reporting

The cut off day upto which a member may report client margin details to NSCCL is referred to as the sign off date. It is 5 working days after the trade day.

Short reporting of margins in Client Margin Reporting Files

Penalty is levied in case of short reporting by trading/clearing member as specified by SEBI. The penalty structure for the same is available in circular.

Download circular for penalty structure

Download circular for Client Margin Reporting

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