With reference to Notice No. 20160208-9 dated 08-Feb-2016, SLB Members are hereby informed of a revision in the list of Approved Collaterals for the SLB Segment :
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Eligible Collateral
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Haircut
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Concentration Limit
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Cash & Cash Equivalent
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Cash
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Nil
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No Limit
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Bank Guarantees (“BGs”) issued by Scheduled Commercial Banks
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Nil
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Limit on the Exchange / Clearing Corporation’s exposure to a single bank as stipulated by SEBI vide Circular No. MRD/DoP/SE/Cir-07/2005 dated February 23, 2005
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Fixed Deposit Receipts (“FDRs”) issued by Scheduled Commercial Banks
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Nil
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No Limit
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Government Securities, Treasury Bills and Sovereign Gold Bonds
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10%
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No Limit
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Units of Liquid Mutual Funds and Units of Mutual Funds investing in Government Securities (by whatever name called) – Demat form
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10%
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No Limit
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Foreign Sovereign Securities (AAA rated)
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10%
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Upto a max of 10% of the Cash Component
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Non Cash
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Equity Shares forming part of the BSE-100 or BSE SLB or BSE FNO lists from within the list of eligible Group-I Equity Shares (as per the criteria for classification of scrips on the basis of liquidity) *
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VaR
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Limits as specified for each scrip and as modified from time to time
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Units of Mutual Funds other than those specified under the Cash & Cash Equivalent category – Demat form
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VaR
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Limits as specified for each scrip and as modified from time to time
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Note : Total of Non-Cash collateral cannot exceed total of Cash & Cash Equivalent collateral
* : The list would be available on the websites of BSE and ICCL
The aforementioned revision shall be applicable w.e.f. Monday, April 01, 2019
In case of any query / clarification members may contact the following numbers:
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Sr. No.
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Queries
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Contact No.
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1.
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ICCL Settlement & Clearing Team
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2272 5667
2272 8264
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For Indian Clearing Corporation Ltd.
Dilip Kakwani
General Manager |