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NSE’s rapid and efficient Clearing and Settlement department assumes Central Counter Party risk for all members’ trades. It establishes the net obligations of each member, inform the members of their daily net obligations and transfers cash funds and commodity ownership among members.
The Settlement Transactions
- Balance Enquiry on Pay-in accounts (Locked for trading)
- 10:00 on the day of trading (for afternoon Trading)
- 15:30 on day before Trading (T-1)
- Member Pay-In
- 08:0009:00 next working day (T+1)
- Member Pay-Out
- 11:00-12:00 next working day (T+1)
A Clearing and Settlement operation of the Exchange is carried out by independent Clearing Houses
All trades executed on the Exchange System will be cleared and settled by the Clearing Houses
The Exchange shall have daily clearing.
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