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NOTICES
Notice No.   20150527-6   Notice Date   27 May 2015
Category   Settlement/RMS   Segment   SME
Subject   ICCL – BSE Institutional Trading Platform (ITP) Segment
 
Content

Subject: ICCL – BSE Institutional Trading Platform (ITP) Segment

Attention of the Members is hereby drawn to the Circular No. 20140210-41 dated February 10, 2014 regarding the Institutional Trading Platform (ITP) Segment on the BSE SME.

Further to the above circular, members may kindly note the following additional norms applicable with immediate effect in respect of Institutional Trading Platform (ITP) Segment on BSE SME:-

1.      Members to ensure that 10% of the transaction value is available as deposits with the Exchange / Clearing Corporation.

2.      In case a member fails to fulfill his settlement obligation pertaining to buy or sell trade, then the concerned ITP trade would stand closed out and a close out charge of 10% of the obligation amount unfulfilled by the member would be levied on such member. Out of this close out charge, half of the close out charge would be paid to the counter member to the trade and the balance would be retained by ICCL.  

3.      All other existing norms pertaining to ITP Segment on BSE SME would remain unchanged.

 In case of any clarifications members may contact:

 

Sr. No.

Name

Contact Nos.

01.

Mr. Ajay Darji

2272 8468

02.

Mr. Nilesh Shah

2272 8704

 

 

                                                          for Indian Clearing Corporation Ltd.

 

 

                                                                                Arup Mukherjee                       

Date: Wednesday, May 27, 2015                                     General Manager