|
|
|
|
  |
| NOTICES |
|
| Notice No. |
|
20180319-2 |
|
Notice Date |
|
19 Mar 2018 |
|
| Category |
|
Settlement/RMS |
|
Segment |
|
General |
|
| Subject |
|
Aligning of Interest payable on cash collateral in equity derivatives segment and Currency derivatives segment, with present bank saving rate. |
|
|
|
|
|
| Content |
|
|
Clearing members are requested to refer to Exchange Notice No. 20170316-44 dated March 16, 2017 in respect of payment of interest, by Indian Clearing Corporation ltd. (ICCL), on cash collateral maintained in the Equity Derivatives Segment and Currency Derivatives Segment.
In this regard, members are hereby informed that, as a part of ICCL’s continuous review process for alignment of interest rates, w.e.f. April 2, 2018, ICCL shall pay to the clearing members, interest at the rate of 3.5% p.a. on cash collateral maintained in the Equity Derivatives Segment and Currency Derivatives Segment, in line with current saving bank rate.
The methodology of calculation of interest shall remain unchanged.
For any further clarifications, Clearing members are requested to contact their Relationship Manager or the following officials.
|
Name of Official
|
Contact Number
|
|
Mr. Jigar Shah
|
022-22728331
|
Ravindra B. Palande
Indian Clearing Corporation Ltd
Tel: 022-22728308 |
|