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Notices
Notice No20170316-44Notice Date16 Mar 2017
CategorySettlement/RMSSegmentDerivatives
SubjectPayment of Interest on cash collateral in equity derivatives segment and currency derivatives segment
Content

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