Attention of the Clearing Members is drawn to submission of half yearly networth certificate as on March 31, 2021 and also to BSE notice No. 20210420-36 dated April 20, 2021 issued in this regard.

In this context, members are aware that Self Clearing Members (SCMs) and Clearing Members (CMs) registered with ICCL are required to maintain minimum networth as per details given below:  

Segment	Clearing Member- CM (Networth in Rs.)	Self-Clearing Member-SCM (Networth in Rs.)
Cash	3 Crore	1 Crore
Equity Derivative	3 Crore	1 Crore
Currency Derivatives	10 Crore	5 Crore
New Debt Segment	3 Crore	1 Crore
Commodity Derivatives	3 Crore	1 Crore

All Clearing members of ICCL as on March 31, 2021 are required to have the aforesaid networth requirement and submit the Networth Certificate in the requisite format to ICCL. Members are advised to refer to the aforesaid BSE notice for the format and also other relevant details for submission of the networth certificate.

Members of the ICCL are hereby requested to submit Networth Certificate & Computation of Networth as on March 31’ 2021, as per formats prescribed (as applicable) latest by May 31, 2021.

Members who are also trading members of BSE shall submit their networth certificate via BEFS portal as per the aforesaid exchange specified notice which will also be considered by ICCL for monitoring their networth compliance as a Clearing Member. Accordingly, such members would not be required to make separate submission of networth certificate as Clearing Members to ICCL.

All clearing members of ICCL as on March 31, 2021 may also note that in case of late / non-submission of networth certificate within the stipulated time the below mentioned fines would be levied:

Fine / Penalty for late / non-submission of Networth Certificate & Computation of Networth

Networth certificate as on:  March 31, 2021.  Due Date: May 31, 2021.

Fine of Rs.100/- per day for first month from the due date. Fine of Rs.200/- per day for 2nd month Fine of Rs.300/- per day for 3rd month till date of submission or disablement of clearing membership. Accordingly, as aforesaid the last date of submission of networth certificate with fines would be August 31’ 2021 and in case of non-submission the Clearing Membership will be disabled w.e.f. September 01’ 2021.

In case of any queries members may contact the following officials

Name of Officials	Direct Line Number	Email
G.V. Kumar	022-22728365	iccl.membership@icclindia.com
Praveen Poojary	022-22728788
Sneha Sahadevan	022-22725075

For and on behalf of Indian Clearing Corporation Ltd.

Roanna Lewis

Senior Manager

Membership & Inspection