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
|