NSE15 Jul 2026circular

Additional Exposure Margin on Securities under MWPL

NSE Clearing Limited Non-Confidential Department: FUTURES & OPTIONS Download Ref No: NCL/CMPT/75226 Date: July 16, 2026 Circular Ref. No: 086/2026 To All Members, Sub: Additional Exposure Margin on Securities under MWPL This is with reference to NSE circular No. NSE/INVG/40472 dated March 18,2019 on Exposure margin of…

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Source: National Stock Exchange of India
Type: circular
Document date: 15 Jul 2026
Last checked: 19 Jul 2026, 2:55 pm IST
Coverage area: securities

Document text

NSE Clearing Limited

Department: FUTURES & OPTIONS
Download Ref No: NCL/CMPT/75226	Date: July 16, 2026
Circular Ref. No: 086/2026

To All Members,

Sub: Additional Exposure Margin on Securities under MWPL

This is with reference to NSE circular No. NSE/INVG/40472 dated March 18, 2019 on Exposure margin of security under MWPL.

Additional exposure margin @15% in equity derivatives segment shall be levied on securities in which top 10 clients account for more than 20% of MWPL. However, for securities wherein additional surveillance margin is applicable, the higher of additional exposure margin as stated above or additional surveillance margin shall be levied. Scripts shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis.

This framework shall be effective from July 31, 2026. List of securities shortlisted is attached at Annexure 1.

For and on behalf of NSE Clearing Limited

Huzefa Mahuvawala Chief Risk Officer

Telephone No

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