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of <h1>SEBI Issues Guidelines on Core Settlement Guarantee Fund Contributions and Default Waterfall for LPCC Participants.</h1> The circular outlines the Securities and Exchange Board of India's (SEBI) guidelines for contributions to the Core Settlement Guarantee Fund (SGF) and default waterfall for Limited Purpose Clearing Corporation (LPCC). It specifies the contribution requirements for participants, issuers, and clearing members, detailing the risk-based contributions needed to cover deficits. The document also sets timelines for replenishing the Core SGF and establishes a default waterfall sequence, prioritizing funds from defaulting members, insurance, and LPCC resources. Additionally, it mandates clearing corporations to amend their regulations, inform participants, and report implementation status to SEBI.
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