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NOTICES
Notice No.   20190912-37   Notice Date   12 Sep 2019
Category   Trading   Segment   Equity
Subject   Applicability of Short Term Additional Surveillance Measure (ST-ASM)
Attachments   Annexure.xls ;
Content

This is further to Exchange notice no. 20181027-1 dated October 27, 2018 and 20190719-33 dated 19 Jul 2019 regarding revision of ASM framework.

Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage I. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

Ø  Applicable rate of margin shall be 40% or existing margin whichever is higher, subject to maximum rate of margin capped at 100%, w.e.f. September 16, 2019 on all open positions as on September 13, 2019 and new positions created from September 16, 2019.

Securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage II. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

Ø  Applicable margin rate shall be 80% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. September 16, 2019 on all open positions as on September 13, 2019 and new positions created from September 16, 2019

 

Ø  Top 10 clients based on gross traded value, subject to their gross traded value being greater than Rs. 10 lakhs shall be levied 100% margin on their gross traded value w.e.f. September 13, 2019 at End-of-Day (EoD). This margin shall be blocked from the collateral of the executing Trading Member.

 

Market participants may note that ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

Further, it may also be noted that the shortlisting of securities under ASM is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company / entity.

 

In case of any clarifications, members are requested to contact 2272 5001/ 2272 1717 /2272 5158.

 

For & On behalf of BSE Ltd.

 

 

Yogendra Daxini

 

Saji Sunilkumar

 

Assistant General Manager

 

Manager

 

Surveillance

 

Surveillance

 

 

 

 

 

            September 12, 2019