How does a member deposit securities? Can a member borrow against collateral deposited?
Members desirous of depositing securities are required to do so through ‘e-notice’ facility, the link to which is provided on CCIL’s web site. The transfer of securities through Value Free Transfer module of NDS from the Member’s SGL Account to the CSGL Account maintained by CCIL for CBLO Segment followed immediately by notice of intent in the prescribed format in ‘e notice’ is the process to be followed for deposit of securities for CBLO segment. In case of a CBLO Member not having an SGL account with RBI, such member need to advise their Custodian Bank with whom they maintain GILT account to transfer securities to CSGL account of CCIL. The ‘e notice’ for such deposits shall be given by the CBLO member who does not maintain SGL account with RBI. However, such ‘e notice’ shall be received through the Settlement Bank. Members can deposit securities with CCIL during the day up to close of Trading session . The Borrowing limits are updated instantaneously on deposit of eligible securities
