To

 All Members/Participants,

Attention of Members is drawn to Indian Clearing Corporation Ltd (ICCL) circular no 20230427-21, dated April 27, 2023 regarding Bank Guarantees (BGs) created out of clients’ funds. In context to that, an additional declaration from members is required to confirm on sources of funds. Format of the same is attached as Annexure.

Members are requested to take note of the same and comply.

For any clarifications, Members may contact their respective Relationship Managers or on any of the following numbers.

For and on behalf of the Indian Clearing Corporation Limited

Anand Shaha                                                                                                                                 Hitesh Shah                                                                                                                                                                      
General Manager                                                                                                                          DGM

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