Close-out pricing rule sets an average traded price reference and allows exchanges to set bank guarantee tenure. Exchanges are authorized to determine the tenure of bank guarantees deposited by members for Base Minimum Capital and Additional Capital. For indefinitely suspended or delisted scrips, the close-out valuation uses the average traded price over a prior period as the reference price and applies a fixed close-out mark up to that reference for settlement.
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.
Close-out pricing rule sets an average traded price reference and allows exchanges to set bank guarantee tenure.
Exchanges are authorized to determine the tenure of bank guarantees deposited by members for Base Minimum Capital and Additional Capital. For indefinitely suspended or delisted scrips, the close-out valuation uses the average traded price over a prior period as the reference price and applies a fixed close-out mark up to that reference for settlement.
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