Acceptance of government securities for settlement guarantee fund contributions permits clearing members to use securities as eligible SGF collateral. Permits clearing members to contribute Central Government Securities towards Core Settlement Guarantee Fund obligations in addition to cash and bank fixed deposits; requires clearing corporations to amend bye laws and systems, notify members, disclose on websites, and report implementation status to the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Acceptance of government securities for settlement guarantee fund contributions permits clearing members to use securities as eligible SGF collateral.
Permits clearing members to contribute Central Government Securities towards Core Settlement Guarantee Fund obligations in addition to cash and bank fixed deposits; requires clearing corporations to amend bye laws and systems, notify members, disclose on websites, and report implementation status to the regulator.
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