What are the key requirements set forth in SEBI and NSE Clearing Ltd. circulars regarding the segregation and monitoring of collateral?

What are the key requirements set forth in SEBI and NSE Clearing Ltd. circulars regarding the segregation and monitoring of collateral?

- Visibility: The circulars require that client-wise collateral details be visible at all levels (TM, CM, and CC).

- Reporting Mechanism: A reporting mechanism covering both cash and non-cash collaterals must be specified by Clearing Corporations.

- Client Access: Clients should have access to view their collateral details through a designated web portal.