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Notice No20170329-45Notice Date29 Mar 2017
SubjectNew Debt Segment (NDS) Auction facility

Sub.   : New Debt Segment (NDS) Auction facility



Attention of Members & Custodians is drawn to Notice No. 20170213-13 dated February 13, 2017 and SEBI Circular regarding Review of Financial close out and Auction framework for corporate bonds traded on the Stock exchanges platform.


Members & Custodians are hereby informed that, Auction facility will be introduced for securities pay-in shortage of NDS segment w.e.f. March 30, 2017. Auction will be conducted on the settlement date as per the settlement calendar.


Auction settlement pay-in / pay-out will be on Auction Day+1 day.


Pay-in : 9:30 a.m. (DP timeline for delivery of securities in auction pay-in will be 9:20 a.m.)

Pay-out : by 11:30 a.m.


Securities not received in auction will be closed-out as per the norms prescribed in the aforesaid circular.


For any further clarifications, Members & Custodians may contact the following officials:-


Name of Official

Contact Number

Email ID

Ajay Darji



Nilesh Shah



Simranjit Kaur Sadana




For and on behalf of Indian Clearing Corporation Ltd.


Sanjay Narvankar

Deputy General Manager


March 29, 2017