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