ICCL – BSE Interest Rate Futures (IRF) Contracts on 10 Year Cash Settled Government Securities - Clearing and Settlement Process

• Notice No: 20140113-1
• Notice Date: 13 Jan 2014
• Category: Settlement/RMS
• Segment: IRD

Clearing Members of the Indian Clearing Corporation Ltd. (ICCL) are hereby informed that BSE Ltd. (BSE) has issued a Circular No. 20140111-1 dated January 11, 2014, regarding commencement of trading on Interest Rate Futures (IRF) Contracts of 10 Year Cash Settled   Government Securities in its Currency Derivatives Segment. As mentioned therein, Indian Clearing Corporation Limited (ICCL) will, inter alia, undertake clearing and settlement activities for Interest Rate Futures (IRF) Contracts on 10 Year Cash Settled Government Securitiesin the ICCL – BSE Currency Derivatives Segment (ICCL-BSE CDX) as per the guidelines issued by Securities and Exchange Board of India (SEBI) and as per the provisions of Rules, Bye-Laws and Regulations of ICCL and BSE as well as any other circulars/guidelines that may be issued in respect of the same from time to time. Accordingly, the norms pertaining to clearing and settlement process, margins, etc are as follows :

• Settlement Process - Annexure I
• Margins - Annexure II.

For details Clearing Members of ICCL-BSE CDX may, inter alia, refer to the circulars issued by SEBI.

For Indian Clearing Corporation Ltd.

Dy. General Manager.

Post Trade.