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Participants may deposit collaterals (Ref. Circular No: NSE CLEARING/SLBS/2008/005) in the form of cash equivalents i.e. cash, fixed deposit receipts and bank guarantee. The collateral deposited by the participant are utilized towards margin requirement of the participant.
In case of failure of the participant to meet its obligation, the collaterals provided by the participants may be liquidated by NSE CLEARING to meet the obligation of the participant.
Every participant is required to continuously maintain minimum collateral of Rs.10 lacs in the form of cash as prescribed by NSE CLEARING. This deposit should be provided by the participant at the time of registration in Securities Lending and Borrowing Scheme (SLBS).