haircut on gsecs

Zerodha
1

Hi,

Recently I pledged G-securities 2026, the haircut charged on zerodha is 10% whereas the haircut mandated by CCIL is only 2%, can you please revise the margin on the Gsec cash collateral to 2%. I am attaching the CCIL notice from 12th February 2024. Please revise my haircut to 2% from existing 10% .

I am also attaching the PDF.

Thanks,
Urvish.

2

Hi @Urvish_Dagli

The Haircut by the brokers is blocked as specified by the NSE Clearing Limited

You can check the latest list here: https://nsearchives.nseindia.com/content/circulars/DS60795.zip

3

Hey @Meher_Smaran

According to that list only the haircut on this particular gsec should be 2% but on zerodha its 10% haircut.