The National Stock Exchange (NSE) and BSE have still not been able to agrees with clearing and settlement charges and the dispute has been going on for more than a year. The NSE has said in its latest financial description that its full -owned assistant NSE Clearing (NCL) has a decrease of Rs 177 crore in the minimum liquid assets required under the rules of market regulator SEBI.
NCL said that this shortage is mainly due to pending arrears of Rs 312 crore with competitive BSE. The company said that this deficiency would be completed with internal collection/recovery before 31 March 2025.
Last year, BSE said that elevated clearing and settlement fees are one of the reasons that are affecting its net profit. The exchange sought relief from NSE and demanded a review of fees under the interpreting agreement. However, the NSE later clarified that it had no plans to restructured the agreement and will continue the price fixed under the agreement.
Sources indicated that the matter has been discussed in the market regulator’s Secondary Market Advisory Committee. Another source said that BSE will discuss this in its board meeting to be held on Thursday. A source said that the exchange would issue a statement that indicates that NCL may be outstanding on BSE. In the second quarter financial results of FY 2025, BSE recorded Rs 101 crore as clearing and settlement expenses. For information about this, the email sent to BSE was not replied.