Clearing Members (CMs) and
Trading Members (TMs) are required to collect upfront initial margins from all
their Trading Members/ Constituents.
CMs are required to compulsorily report, on a daily basis, details in respect of
the margin amount due and collected, from the TMs/ Constituents clearing and
settling through them, with respect to the trades executed/ open positions of
the TMs/ Constituents, which the CMs have paid to NSCCL, for the purpose of
meeting margin requirements.
Similarly, TMs are required to report on a daily basis details in respect of
the margin amount due and collected from the constituents clearing and settling
through them, with respect to the trades executed/ open positions of the
constituents, which the trading members have paid to the CMs, and on which the
CMs have allowed initial margin limit to the TMs.
CMs/ TMs are required to report details of initial margins collected from their
TMs/ Constituents by uploading files to the /FAOFTP/F<CODE>/COLAT/UPLD directory
on the Extranet Server or by uploading the files through the Collateral
Interface for Members (CIM).
1. For TMs, the <CODE> specified in the directory is the 5 digit Trading Member
Code allotted by NSCCL (e.g. 09999)
2. For CMs the <CODE> specified in the directory is the 5 digit Primary Member
Code allotted by NSCCL (e.g. 09999 and not M12345 or C23456)
CMs who do not clear trades for other trading members (self- clearing members),
need to report only the file as applicable to TMs and are not required to report
the file as applicable to CMs.
A return file is generated for all client margin reporting files uploaded by
Formats of files to be submitted by members and return files sent by NSCCL
The cut off day upto which a member may report client margin details to NSCCL is
referred to as the sign off date. It is 5 working days after the trade day.
Penalty Penalty is levied in case of short reporting by trading/clearing member as specified by SEBI. The penalty structure for the same is available in
Download circular for Client Margin Reporting
Liquid Assets |
NSCCL SPAN |
Payment of margins |
Position Limits | Violations
FII / MF position limits
Data and reports download |
Formats for collaterals
Other formats |