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of <h1>SEBI Revises ALBM Margin Rates: Corrigendum to Circular No. SMDRP/POLICY/CIR-31/2000 Adjusts Incremental Rates for Market Positions.</h1> The Securities and Exchange Board of India (SEBI) issued a corrigendum to Circular no. SMDRP/POLICY/CIR-31/2000 regarding the Automated Lending and Borrowing Mechanism (ALBM). It revises paragraph 5.3.3, which outlines the incremental ALBM margin rates based on the net outstanding market position and deferred net positions in ALBM. The margin rates increase progressively with higher positions, ranging from 5% to 30%. These positions exclude those related to pure securities borrowers with collateral kept with the clearing house. Once imposed by any exchange, other exchanges with ALBM or MCFS facilities will adopt the same margin from the next settlement. Other provisions remain unchanged.
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