# Indian Clearing Corporation Ltd to pay 4 per cent interest on cash collateral  .

**URL:** https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070
**Category:** General
**Created:** [October 21, 2020, 2:51pm UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070 "2020-10-21T14:51:06Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![RLM](https://tradingqna.com/user_avatar/tradingqna.com/rlm/32/17469_2.png) [@RLM](https://tradingqna.com/u/RLM)
#### Post date: [October 21, 2020, 2:51pm UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070/1 "2020-10-21T14:51:06Z")

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As per the below link ; how can a client (trader ) earn/avail this interest with the collateral ? Will the broker pay to the client or pass on the benefit of interest in such case to the client ? or the client has to ask the interest from the clearing corporation ?

> **[Indian Clearing Corporation Ltd to pay 4 per cent interest on cash...](https://indianexpress.com/article/business/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral-levy-clearing-fee-4592764/)**
>
> The move was announced by stock exchange BSE through two separate circulars recently.

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### Author: ![RLM](https://tradingqna.com/user_avatar/tradingqna.com/rlm/32/17469_2.png) [@RLM](https://tradingqna.com/u/RLM)
#### Post date: [October 23, 2020, 1:59am UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070/2 "2020-10-23T01:59:32Z")

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@shubhS9

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### Author: ![Prayag](https://tradingqna.com/user_avatar/tradingqna.com/prayag/32/33755_2.png) [@Prayag](https://tradingqna.com/u/Prayag)
#### Post date: [October 23, 2020, 2:42am UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070/3 "2020-10-23T02:42:24Z")

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Zerodha clears its trades via NSE’s Clearing Corporation (NCL) and not ICCL, hence it is unlikely that Zerodha’s clients can benefit from this.

> [@Everything you need to know about interoperability](https://tradingqna.com/t/everything-you-need-to-know-about-interoperability/59895/1):
>
> ZBL has opted to clear it’s trades through NCL.

But I have my own doubt, Is cash collateral deposited with clearing corporations, the clearing member’s (like [Zerodha](https://zerodha.com/z-connect/zerodha/zero-clearing-charges-from-22nd-march-for-equity-fo)) own money or does it consist of client’s money as well?

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### Author: ![Prakhar\_Agrawal](https://tradingqna.com/letter_avatar_proxy/v4/letter/p/ea5d25/32.png) [@Prakhar\_Agrawal](https://tradingqna.com/u/Prakhar_Agrawal)
#### Post date: [October 23, 2020, 4:37am UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070/4 "2020-10-23T04:37:08Z")

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It consists of clients money as well. Generally it is deposited in form of FD in which broker makes interest/float income

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### Author: ![ESPOIR\_ENGINEERING](https://tradingqna.com/user_avatar/tradingqna.com/espoir_engineering/32/30521_2.png) [@ESPOIR\_ENGINEERING](https://tradingqna.com/u/ESPOIR_ENGINEERING)
#### Post date: [October 23, 2020, 12:23pm UTC](https://tradingqna.com/t/indian-clearing-corporation-ltd-to-pay-4-per-cent-interest-on-cash-collateral/93070/5 "2020-10-23T12:23:25Z")

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how can a client (trader ) earn/avail this interest with the collateral ? Will the broker pay to the client or pass on the benefit of interest in such case to the client ? or the client has to ask the interest from the clearing corporation ?