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NOTICES
Notice No.   20200706-4   Notice Date   06 Jul 2020
Category   Settlement/RMS   Segment   General
Subject   Operational Guidelines for Margin obligations to be given by way of Pledge/Re-pledge in the Depository System
Attachments   Annexure I.pdf ; Annexure II-Formats.xls ;
Content

 

To

 All Members/Participants,

Attention of Members of the Indian Clearing Corporation Ltd (ICCL) is drawn to SEBI Circular No SEBI/HO/MIRSD/DOP/CIR/P/2020/88 dated May 25, 2020 &  Circular No SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020 and ICCL Circular No 20200527-26 dated May 27, 2020 & Circular No 20200226-25 dated February 26, 2020 regarding Margin obligations to be given by way of Pledge/Re-pledge in the Depository System. In this connection, Members are hereby requested to refer the attached Annexures for the operational guidelines.

 

Annexure I:

Part A - Operational guidelines for Margin obligations to be given by way of Pledge/Re-pledge in the Depository System.

Part B - Framework for utilisation of client’s pledged securities for exposure and margin.

 

Annexure II:  File Formats for Pledge/Re-pledge related reports

 

Members/Participants, may kindly note that these changes shall come into effect from August 01, 2020.

Members are requested to take note of the same and refer the aforesaid circulars for more details.

For any clarifications, Members may contact their respective Relationship Managers or any of the following numbers.

 

Sr. No

Query Type

Coordinates

1

Collaterals & Operations

 +91-22-22728185/8467/8567/8843

2

Margins

 +91-22-22725186/8614/8811/8902

3

Inspection/Compliance

 +91-22-22728788/8365

 

For and on behalf of the Indian Clearing Corporation Ltd.

 

 

 Surendra Rashinkar                                                                                      Hitesh Shah

Additional General Manager                                                                       Dy. General Manager