The cash can be deposited by the Members towards capital by submitting instructions to
their clearing banks to debit their bank accounts and credit the amount to BSE's account.
- As regards the Fixed Deposit Receipts (FDRs) of
banks, the duly discharged FDRs are required to be submitted
by the Members to BSE in the name of " ICCL A/c - trade
name of the Member" issued by any Mumbai-based branch or
payable at any Mumbai-based branch of any scheduled commercial
or co-operative bank.
The Bank Guarantees submitted by the Member towards the capital have to be in the approved
format in favour of BSE either issued or payable by any Mumbai-based branch of a scheduled commercial
bank only. However, in case FDRs/ bank guarantees are issued by the outstation branches of scheduled
commercial banks (i.e., branches outside Mumbai), the payment of the proceeds on encashment of FDRs
and invocation of bank guarantees by BSE has to be assured by a Mumbai-based branch of the concerned
The valuation of shares deposited by the Members with BSE is done on a daily basis, and a hair-cut
equivalent to the respective VaR of individual Security is applied i.e., only the residual value of
eligible shares deposited is considered for the purpose of evaluation of capital(collateral) deposited
by the Members with BSE.. The eligible shares deposited by the Members towards BMC are accepted by BSE
in demat form only.