This is in continuation to additional exposure margins as applicable under Circular No 20180124-21 dated January 24, 2018 and Circular No. 20180622-44 dated June 22, 2018. As part of the continuous review process, in a joint meeting between Stock Exchanges, Clearing Corporations and SEBI it has been decided to discontinue imposition of the additional exposure margins in terms of the aforementioned Circulars with effect from Friday, September 14, 2018.
However, additional surveillance margins may be imposed, if deemed necessary, in securities where open interest exceeds 70% MWPL utilization or in which significant client concentration is observed.
For and on behalf of Indian Clearing Corporation Ltd.
Piyush Chourasia
Chief Risk Officer & Head Strategy
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Risk Department
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Email
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risk.iccl@icclindia.com
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Contact No:
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+91-22-22728759/8811
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