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To which address should the collateral related documents be sent?
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Clearing House, Indian Commodity Exchange Ltd., 8th Floor, Romell Technology Park,
Nirlon Compound, Western Express Highway, Goregaon (E),Mumbai - 400 063, India.
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Which are the approved banks that can issue Bank Guarantee?
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Approved Scheduled banks and all the Clearing Banks of the Exchange. The list of
such banks will be notified separately. BG issued by the Co-operative banks shall
not be accepted.
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What is the Period and validity of Bank Guarantee?
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The minimum and maximum period of BG would be 3 and 12 months respectively. The
validity period would be 30days before the end of expiry date.
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What should be the value of stamp paper on which BG is executed?
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The Bank Guarantee should be typed on a non-judicial stamp paper of Rs.100 or the
value prevailing in the State where it is executed, whichever is higher.
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Are the bank guarantee formats different for Base Capital / Security deposit and
Additional Base Capital?
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Yes, the formats are different. The formats are placed in the section Membership-->Formats
of our website.
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When are members disabled for requirements in Collateral deposits?
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Members are disabled once the base capital falls below required deposit as applicable
to different members or margin utilisation is more than the collateral deposited.
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What are the indications given to members for renewal of their collaterals?
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Members are duly alerted about the details of Bank Guarantee for renewal vide a
communication / reminder letter. before 30 days and 7 days prior to maturity of
the Bank Guarantee/FDR/WR.
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What are the reports given for information on collaterals?
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A Clearing Member can view his/their collaterals on daily basis through FTP server.
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