This is further to Exchange notice no. 20181027-1 dated October 27, 2018 regarding revision of ASM framework.
Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage I. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:
Ø Applicable rate of margin shall be 1.5 times the existing margin or 40%, whichever is higher subject to maximum rate of margin capped at 100%, w.e.f. January 01, 2019 on all open positions as on December 28, 2018 and new positions created from January 01, 2019.
Securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage II. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:
Ø Applicable margin rate shall be 2.5 times the existing margin OR 80%, whichever is higher subject to maximum rate of margin capped at 100% w.e.f. January 01, 2019 on all open positions as on December 28, 2018 and new positions created from January 01, 2019.
Ø Top 10 clients based on gross traded value, subject to their gross traded value being greater than Rs. 10 lakhs shall be levied 100% margin on their gross traded value w.e.f. December 28, 2018 at End-of-Day (EoD). This margin shall be blocked from the collateral of the executing Trading Member.
Market participants may note that ASM framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
Further, it may also be noted that the shortlisting of securities under ASM is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company / entity.
In case of any clarifications, members are requested to contact 2272 5001/ 2272 1717 /2272 5158.
For & On behalf of BSE Ltd.
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Jeevan Noronha
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Saji Sunilkumar
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Senior Manager
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Manager
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Surveillance
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Surveillance
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December 27, 2018
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