Client Margin Reporting
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 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 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).
- 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)
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 members.
Formats of files to be submitted by members and return files sent by NSE CLEARING
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.