Cross Margining

Salient features of the cross margining available are as under:

  • Cross margining benefit is available across Cash and Derivatives segment
  • Cross margining benefit is available to all categories of market participants
  • For client/entities clearing through same clearing member in Cash and Derivatives segments, the clearing member is required to intimate client details through a file upload through Collateral Interface for Members (CIM) to avail the benefit of Cross margining

    Format of files to be uploaded by the clearing member giving client wise details

  • For client/entities clearing through different clearing member in Cash and Derivatives segments they are required to enter into necessary agreements for availing cross margining benefit.
  • For the client/entities who wish to avail cross margining benefit in respect of positions in Index Futures and Constituent Stock Futures only, the entity's clearing member in the Derivatives segment has to provide the details of the clients and not the copies of the agreements. The details to be provided by the clearing members in this regard are stipulated in the Format.

Download Cross Margins Annexure file format (.doc)

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Positions eligible for cross-margin benefit

Entities/clients eligible for cross margining

Facility of maintaining two client accounts

Computation of cross margining benefit

Provisions in respect of default

Additional reports

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