Margin Trading Facility expanded to include eligible IPO securities with new margin forms, NOC process, and implementation reporting. The circular expands Margin Trading Facility eligibility to IPO securities meeting derivatives-segment criteria, accepts fixed deposits and bank guarantees as cash-equivalent margins, and requires a written no-objection certificate from an existing broker with a 21-day objection window. It limits Approved Intermediaries in the Securities Lending and Borrowing scheme to Clearing Corporations/Houses, permits borrowing idle securities through depository accounts with random borrower selection, and mandates a market-determined borrowing mechanism; exchanges must amend rules, notify members, and report implementation.
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Margin Trading Facility expanded to include eligible IPO securities with new margin forms, NOC process, and implementation reporting.
The circular expands Margin Trading Facility eligibility to IPO securities meeting derivatives-segment criteria, accepts fixed deposits and bank guarantees as cash-equivalent margins, and requires a written no-objection certificate from an existing broker with a 21-day objection window. It limits Approved Intermediaries in the Securities Lending and Borrowing scheme to Clearing Corporations/Houses, permits borrowing idle securities through depository accounts with random borrower selection, and mandates a market-determined borrowing mechanism; exchanges must amend rules, notify members, and report implementation.
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