Attention of the Clearing members is drawn to Indian Clearing Corporation Ltd. (ICCL) notice no. 20170316-44 dated March 16, 2017, 20180319-2 dated March 19, 2018 and 20190521-15 dated May 21, 2019 issued in context to payment of interest by ICCL on the cash collateral deposits maintained by them in the Equity segment, Equity Derivatives Segment and Currency Derivatives Segment.
Clearing Members are hereby informed that as part of aligning the interest rate payment by ICCL with the savings bank interest rates, the interest rate payment on cash collateral deposits in aforesaid trading segments would be revised from present 3.50% p.a. to 2.70% p.a. w.e.f June 15' 2020.
The methodology of calculation of interest amount remains unchanged.
In case of any query / clarification Clearing Members are requested to contact their Relationship Manager or belowmentioned officials.
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Name of Official
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Contact Number
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Mr. Jigar Shah
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022-22728331
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Mr. Rayan Menezes
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022-22728467
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For and on behalf of Indian Clearing Corporation Ltd.
Surendra Rashinkar
Additional General Manager
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