https://www.taxtmi.com/acts?id=33772 Every recognised clearing corporation must establish and maintain a Fund for each segment to guarantee settlement of trades; the Fund is to be utilised to complete settlement when a clearing member or participant defaults. The Fund corpus must be adequate to meet obligations arising from such failures, its sufficiency tested by periodic stress tests as specified by the Board, and its utilisation governed by Board-prescribed norms. en-us Mon, 24 Dec 2018 10:57:24 +0530 Mon, 12 Aug 2024 12:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33772 Every recognised clearing corporation must establish and maintain a Fund for each segment to guarantee settlement of trades; the Fund is to be utilised to complete settlement when a clearing member or participant defaults. The Fund corpus must be adequate to meet obligations arising from such failures, its sufficiency tested by periodic stress tests as specified by the Board, and its utilisation governed by Board-prescribed norms. Act-Rules SEBI Mon, 24 Dec 2018 10:57:24 +0530 https://www.taxtmi.com/acts?id=33772