NSE Clearing on WebNotes

Corporate-action adjustments on F&O contracts

Sun, 21 Jun 2026 00:00:00 +0000

A corporate-action adjustment on a futures and options (F&O) contract is the mechanical revision that NSE Clearing Limited, the clearing corporation of the National Stock Exchange and a SEBI-regulated entity, applies to the strike price, the futures base price and the market lot of every open derivatives contract on a stock when the underlying company carries out a stock split, bonus issue, extraordinary dividend, rights issue, merger or demerger. The adjustment is value-neutral by design: it changes the contract’s numbers so that the rupee value of every open position is identical the moment before and the moment after, with no forced closure of any position.

The clearing corporation fund-allocation email explained

Sat, 20 Jun 2026 00:00:00 +0000

A clearing corporation fund-allocation email or SMS is a message from the clearing corporation, NSE Clearing Limited (NCL) or Indian Clearing Corporation Limited (ICCL), telling you how your broker has allocated your funds and collateral across trading segments at the clearing corporation. It is sent under SEBI’s framework for segregation and monitoring of collateral at the client level and the related upstreaming of client funds, and it reaches you directly because the clearing corporation, not the broker, is the entity now holding your idle cash on your behalf.

Clearing charges at Zerodha

Fri, 19 Jun 2026 00:00:00 +0000

Overview

Clearing charges are the fees a clearing member levies for settling a trade through the exchange clearing corporation: computing each party’s funds and securities obligation, guaranteeing the settlement, and moving cash and stock between counterparties. Zerodha levies no clearing charge on any segment because it is a self-clearing member, clearing its own trades directly rather than routing them through a third-party professional clearing member (Zerodha clearing charges support note, as of 19 June 2026). Brokers that do use an external clearing member typically pass on Rs 200 to Rs 2,000 per crore, or 0.002 to 0.02 per cent of option premium; that line is absent on a Zerodha contract note.

NSE Clearing Limited

Sat, 16 May 2026 00:00:00 +0000

NSE Clearing Limited, formerly the National Securities Clearing Corporation Limited (NSCCL), is the principal central counterparty (CCP) and clearing corporation for transactions executed on the National Stock Exchange of India. NSE Clearing performs the multilateral netting of buy and sell transactions, interposes itself as the legal counterparty to every trade (the novation function), administers the margin and risk-management framework, manages the Settlement Guarantee Fund, and ensures the delivery-versus-payment settlement of cash-market, derivative-market, and securities-lending-and-borrowing transactions.