Client Margin Reporting
Clearing Members (CMs) and Trading Members (TMs) are required to collect upfront initial margins and extreme loss 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 NSE CLEARING, 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 and extreme loss margins collected from their TMs/ Constituents by uploading files to the /CDSFTP/X <CODE>/COLAT/UPLD directory on the Extranet Server or by uploading the files through the Collateral Interface for Members (CIM).
- For TMs, the <CODE> specified in the directory is the 5 digit Trading Member Code allotted by NSE CLEARING (e.g. 09999)
- For CMs the <CODE> specified in the directory is the 5 digit Primary Member Code allotted by NSE CLEARING (e.g. 09999 and not M12345 or C23456)
A return file is generated for all client margin reporting files uploaded by members.
Formats of files to be submitted by members and return files sent by NSE CLEARING
- Files to be submitted by Trading Members (TMs)
- Files to be submitted by Clearing Members (CMs)
- Return files for Members
- Penalty Report for TMs/CMs
Due date for Margin Reporting
The cut off day upto which a member may report client margin details to NSE CLEARING is referred to as the sign off date. It is 5 working days after the trade day.
Short reporting of margins in Client Margin Reporting Files
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 circular