This is in furtherance to BSE Notice No. 20190318-42 dated March 18, 2019 on Exposure margin of security under MWPL.
The Exchange shall levy additional exposure margin @15% in equity derivatives segment on securities in which top 10 clients account for more than 20% of MWPL. However, for securities wherein additional surveillance margin is applicable, the higher of additional exposure margin as stated above or additional surveillance margin shall be levied. Scrips shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis.
This framework shall be effective from November 01, 2019, immediately after the expiry of October 2019 contracts. List of securities shortlisted is attached at Annexure A.
In case of any further queries, members are requested to contact on 2272 8811 / 2272 5092.
For and on behalf of For and on behalf of
ICCL BSE Ltd.
Piyush Chourasia Usha Sharma
Chief Risk Officer & Head – Strategy General Manager
ICCL Risk Department Surveillance
October 18, 2019