Trading Members of the Exchange are hereby informed that currently Trading Members place deposits with various stock exchanges, as per the requirement of the concerned Stock Exchange, over and above the base minimum capital. On such additional deposit, the Clearing Corporation clearing the trades of the Exchange may grant exposure to the clearing member rendering clearing and settlement services to such Trading Members.
In the Interoperability scenario, while the trading member may continue to execute trades through various stock exchanges, its clearing activities for a segment would be restricted to one clearing member clearing through one clearing corporation.
In this regard, it has been jointly agreed between the Stock exchanges & Clearing corporations that the designated Clearing corporation shall grant exposure on the free & un-encumbered deposits (excluding the minimum deposits prescribed by SEBI i.e. Base Minimum Capital) placed by Trading Members at each segment level with all the concerned Exchanges.
All Members are requested to kindly note.
In case the trading members require any clarification, they may please contact Mr. Johnson Chiriyath (22725162) and Mr. Jitendra Doshi (22728275).
Gopalkrishnan Iyer Hemant Dharap
Chief General Manager Deputy General Manager
Brokers Supervision, Membership Compliance Membership Compliance
and Investor Services and Investor Services
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