https://www.taxtmi.com/circulars?id=58679 The circular revises the SLB framework: AIs may set contract tenure up to the permitted maximum; lenders and borrowers may effect early recall or early repayment; AIs must obtain securities and square off or financially close-out on borrower margin default; on early recall the AI will endeavor to borrow for the balance period and may charge the recalling lender the lending fee while the original contract remains until replacement contract execution; on early repayment margins are released on return, AIs will try to onward-lend and pass income to the repaying borrower, and if no replacement borrower is found the original borrower forfeits lending fee for the balance period. en-us Wed, 06 Jan 2010 00:00:00 +0530 Wed, 26 Dec 2018 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58679 The circular revises the SLB framework: AIs may set contract tenure up to the permitted maximum; lenders and borrowers may effect early recall or early repayment; AIs must obtain securities and square off or financially close-out on borrower margin default; on early recall the AI will endeavor to borrow for the balance period and may charge the recalling lender the lending fee while the original contract remains until replacement contract execution; on early repayment margins are released on return, AIs will try to onward-lend and pass income to the repaying borrower, and if no replacement borrower is found the original borrower forfeits lending fee for the balance period. Circulars SEBI Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58679