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Published 15:56 IST, February 5th 2025

NSE Clearing Falls Short on Liquidity Norms; Rs 176.65 Crore Deficit Linked to BSE Dues

NSE Clearing awaits Rs 312.37 crore from BSE under the interoperability framework, which enables trade clearing through any chosen clearing corporation.

Reported by: Business Desk
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NSE Clearing
NSE Clearing | Image: NSE Clearing

NSE Clearing Ltd, the clearing arm of the National Stock Exchange (NSE), has reported a liquidity shortfall of Rs 176.65 crore, attributing the issue to pending payments from BSE . The company flagged the deficit in its December 2024 quarterly report and formally notified the Securities and Exchange Board of India (Sebi) about the matter on January 9.

According to PTI report, NSE Clearing is yet to receive Rs 312.37 crore from BSE under the interoperability framework, which allows trades to be cleared through a clearing corporation of choice rather than being tied to a specific exchange. This regulatory framework, introduced by Sebi in 2019, was designed to enhance market efficiency and reduce trading costs.

An NSE Clearing spokesperson confirmed that auditors raised concerns over the outstanding dues during the third-quarter financial review. The company has been in discussions with BSE to resolve the issue.

Clearing corporations play a critical role in maintaining financial stability in capital markets. Sebi mandates that they hold adequate liquid assets to mitigate risks, ensuring smooth trade settlements. The shortfall raises concerns about compliance with these regulatory norms, putting focus on how interoperability payments between exchanges are managed.

(With PTI Inputs)

Updated 15:56 IST, February 5th 2025