The NCCL on August 25, 2026, has revised the list of approved Government Securities, Treasury Bills and Sovereign Gold Bonds (SGBs) that may be accepted as collateral towards Additional Base Capital (ABC), along with the applicable haircuts.
The following has been stated:
Members may deposit approved securities from the list issued by NSE, with the Clearing Corporation retaining the right to revise the approved list and haircut requirements from time to time. Securities issued by RBI during a month will be accepted from their date of listing on NSE, while the collateral benefit will be withdrawn two days prior to maturity, including the maturity date. The securities will be valued daily—Government Securities and Treasury Bills based on CCIL prices and SGBs based on NSE prices—and the applicable haircut will be deducted to determine the collateral value. Bank members must ensure that Government Securities and Treasury Bills provided as collateral are not reckoned for SLR purposes or used for trading. The revised list and haircut details in Annexure 1 will be applicable from the beginning of the trading day on September 1, 2026.
[Circular No.: NCCL/RISK-047/2026]
