Introduction of 'T' group

The Exchange has in the past put scrips in the trade to trade segment as a surveillance measure. Such scrips have either been transferred to 'Z' group or have remained in their erstwhile group and are identified by the '$' sign affixed to the scrip ID. In response to representations received from market participants on the difficulties faced in distinguishing such scrips from the the other scrips being traded in the "Z" group, it has been decided to introduce a separate group "T" w.e.f. December 8, 2003 for such scrips.

All scrips which at present are settled on "Trade to Trade" basis on account of surveillance measures would be shifted to 'T' group.

The trades executed in scrips in 'T' group would not be netted and would be settled in the T+2 cycle.There would be no change in the computation of VAR & MTM margins in these scrips. Outstanding positions in any T group scrip would be subject to 'Special Margin', if any, in addition to the VAR & MTM margins applicable in the scrip.

This is for the information of the public in general.