Collateral Deposits of Clearing Member

The collateral shall be towards the following requirement

• Lending position: Clearing Member desirous to enter into Lend Repo deals shall be required to provide collateral in the form of cash. Such collaterals shall be deposited upfront i.e. before submitting Lend Repo order on the TRM platform. Only those lend orders that satisfy the collateral requirement vis-a-vis cash collateral deposited by the Clearing Member shall be accepted.
• Borrowing position: Clearing Member desirous to enter into Borrow Repo deals shall be required to provide eligible corporate debt instruments as specified by Clearing Corporation from time to time. Such collaterals shall be deposited upfront i.e. before submitting Borrow Repo order on the TRM platform. Only those borrow orders that satisfy collateral requirement shall be accepted.