Subject – Payment of Interest on cash collateral in equity derivatives segment and currency derivatives segment
Clearing members are requested to take note that with effect from April 03, 2017, Indian Clearing Corporation Ltd., shall pay interest at the rate of 4% per annum on cash collateral maintained in the Equity Derivatives Segment and Currency Derivatives Segment. The interest would be calculated on a weekly basis on the cash collateral maintained throughout the week in the Equity Derivatives Segment and the Currency Derivatives Segment.
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
|
Mr. Ravindra Palande
|
022-22728308
|
Mr. Sanjay Narvankar
|
022-22728113
|
For and on behalf of ICCL,
Sanjay Narvankar
Deputy General Manager
16th March, 2017
|