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The document covers applicability by segment, eligibility limits (equity cash, resident individuals and HUFs only), mandatory PAN validation, UCC enrollment and de-registration workflow, and how UPI blocks are created in favor of the clearing corporation via sponsor banks and VPAs.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/nse-clearing-limited-operating-guidelines-for-trading-supported-by-blocked-amount-in-secondary-market/502002/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/nse-clearing-limited-operating-guidelines-for-trading-supported-by-blocked-amount-in-secondary-market/502002.png","ImageObject",300,407,{"name":92,"@type":93},"ahduag","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-18","2026-10-03",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What facility does the circular introduce for secondary market trading?","Question",{"text":112,"@type":113},"It introduces a supplementary process where secondary market trading is supported by blocked amounts in the investor’s bank account (the “Facility”).","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Who is eligible to avail the Facility?",{"text":117,"@type":113},"The Facility is available only to resident individuals and Hindu undivided families (HUFs), and not to clients availing the margin trading facility (MTF).",{"name":119,"@type":110,"acceptedAnswer":120},"How are accounts validated before a client can use the Facility?",{"text":121,"@type":113},"Exchanges verify PAN details in the UCC database against PAN of the client’s bank account and demat account first holder; only after successful validation can the client avail the Facility.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},502002,1791328174,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},3985747870414,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","NSE Clearing Limited  \n(Formerly known as National Securities Clearing Corporation Ltd.)  \n\n| Department : CAPITAL MARKET SEGMENT E Clearing Limited |\n| --- |\n| Download Ref No: NCL/CMPT/58895 Date : October 12, 2023\u003Cbr>Circular Ref. No: 0357/2023 |\n\nAll Members,  \nSub: Trading supported by Blocked Amount in Secondary Market-Operating Guidelines  \nThis is with reference to SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99 dated June 23,2023 and our circular ref: NCL/CMPT/57305 dated June 27,2023 . The detailed operational guidelines for trading supported by blocked amount in secondary market is provided in Annexure 1 placed below.  \nMembers are requested to take note of the above.  \nFor and on behalf of  \nNSE Clearing Limited  \n(Formerly known as National Securities Clearing Corporation Limited)  \nHuzefa Mahuvawala Senior Vice President  \n\n| Telephone No | Fax No | Email id |\n| --- | --- | --- |\n| 1800 266 0050 (option 2) | 022-26598242 | [r](risk_ops@nsccl.co.in)[isk](risk_ops@nsccl.co.in)[_ops@nsccl.co.in](risk_ops@nsccl.co.in) |\n\nAnnexure-1: Operating Guidelines for  \nTrading supported by Blocked Amount in Secondary Market  \nSEBI vide its circular reference number SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99 dated June 23,2023 (“SEBI Circular”) has decided to introduce a supplementary process for trading in secondary market based on blocked amount in investor’s bank account (“Facility”) . Pursuant to the para 7 of the said circular, the detailed operational guidelines for the Facility shall be as follows:  \nSegment  \n1. To begin with, the Facility shall be available in the equity cash segment.  \n2. The Facility may also be offered by TMs, at their choice, to their clients trading in multiple segments. In case of such clients:  \n2.1. Cash market segment: Procedures as outlined in the operating guidelines shall be applicable.  \n2.2. Other segments: Existing procedures shall be applicable.  \nRegistration for the Facility  \n3. In accordance with the aforesaid SEBI Circular, availing this Facility will be at investors discretion, and offering the Facility will be at the option of trading members (TMs) .  \n4. On a pilot basis, TMs can offer the facility to a limited number of clients.  \n5. The facility shall not be available for clients availing the margin trading facility (MTF) .  \n6. The said Facility shall be extended to resident individuals and Hindu undivided families (HUFs) only. The individuals and HUFs settling their trades with their respective TMs shall only be eligible to avail the Facility. If such investors have appointed a Custodian clearing member to clear their trades, they shall not be eligible to avail the Facility. Exchanges shall allow only these categories of investors to register for the said Facility.  \n7. Exchanges shall provide a mechanism in the UCC database to the clients who wish to enroll for the said Facility. At the time of registration, the TM shall be required to provide one primary bank and demat accounts for the client. Funds and securities pay-out due to the client, if any, will be provided by the CC in the primary bank and primary demat accounts respectively. Exchanges shall also provide a mechanism for maintenance of additional bank accounts for the registered client. The client may create Unified Payments Interface (UPI) block in favor of the CC using any or all among the primary or additional bank accounts maintained.  \n8. PAN shall be mandatory for availing the facility. Exchanges vide UPI/NPCI shall verify that the permanent account number (PAN) maintained in the UCC database with the PAN of the first holder with the bank where the clients account is held (for primary as well as  \nadditional accounts) . Exchanges shall similarly verify the PAN maintained in the UCC database with the PAN of the first holder in the demat account with the depositories. Only after successful validation of both Bank and Demat accounts, will the client be allowed to avail the said Facility. Accounts wherein PAN details are not availa","cbCaieosCz2oSTdp","https://ap.wps.com/l/cbCaieosCz2oSTdp","pdf",242043,11,"English","# Annexure-1: Operating Guidelines for Trading supported by Blocked Amount in Secondary Market\n## Segment and applicability\n## Registration for the Facility\n## Creation of UPI Block in favor of the CC","[{\"question\":\"What facility does the circular introduce for secondary market trading?\",\"answer\":\"It introduces a supplementary process where secondary market trading is supported by blocked amounts in the investor’s bank account (the “Facility”).\"},{\"question\":\"Who is eligible to avail the Facility?\",\"answer\":\"The Facility is available only to resident individuals and Hindu undivided families (HUFs), and not to clients availing the margin trading facility (MTF).\"},{\"question\":\"How are accounts validated before a client can use the Facility?\",\"answer\":\"Exchanges verify PAN details in the UCC database against PAN of the client’s bank account and demat account first holder; only after successful validation can the client avail the Facility.\"}]","NSE Clearing Limited - Operating Guidelines for Trading supported by Blocked Amount in Secondary Market | PDF",1791027598,28]