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of <h1>SEBI Updates Incremental Margin Slabs for ALBM and MCFS; Margins to Be Collected Gross at Client Level.</h1> The Securities and Exchange Board of India (SEBI) has revised the slabs for incremental margins in the Automated Lending and Borrowing Mechanism (ALBM) and Modified Carry Forward System (MCFS). Effective April 2, 2001, these margins will be calculated and collected on a gross basis at the client level. If the gross carry forward position in MCFS or the gross outstanding market position in ALBM/BLESS exceeds specified parameters, additional margins will be levied at rates ranging from 5% to 30%, depending on the extent of the position. Once imposed by one exchange, other exchanges with ALBM or MCFS will adopt the same from the next settlement.
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