Notice No.   20230221-5   Notice Date   21 Feb 2023
Category   Settlement/RMS   Segment   General
Subject   Segregation and Monitoring of Collateral at Client Level - Penalty mechanism for Short Allocation


All Members/Participants,


This is with reference to our circular no 20230126-1 dated January 26, 2023 members may please note that implementation of penalty for short allocation (on maximum amount of short allocation based on EOD well as intraday basis) would be applicable from trade date May 02, 2023 Members are requested to take note of the above.


For and on behalf of Indian Clearing Corporation Ltd.



Roanna Lewis

Sr. Manager

Membership & Inspection