This Circular is issued in continuation to the ICCL Circular dated March 10, 2021 on Change in Margin Utilisation Percent Methodology. An illustration of the revised computation of margin utilisation is enclosed as Annexure. The provisions of the mentioned circular shall be made effective from Monday, May 10, 2021.

Members are requested to take note of the above.

In case of any assistance/clarification, please do not hesitate to contact us.

For and on behalf of Indian Clearing Corporation Ltd.

Piyush Chourasia

Chief Risk Officer & Head – Strategy