https://www.taxtmi.com/notifications?id=127768 Amendment defines netting as a Clearing Corporation's determination of net payment or delivery obligations by setting off inter se obligations, including claims from termination of future settled transactions, so only net claims or obligations remain. It allows settlement by netting or gross procedures as set out in bye laws with SEBI approval; such settlements are final, irrevocable and binding once determined, and recognised exchanges or clearing corporations may appropriate collaterals, deposits or margins according to bye laws. Recognised clearing corporations' rights to recover dues from clearing members have priority over other liabilities or claims. en-us Mon, 02 Sep 2013 00:00:00 +0530 Sat, 05 Jan 2019 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127768 Amendment defines netting as a Clearing Corporation's determination of net payment or delivery obligations by setting off inter se obligations, including claims from termination of future settled transactions, so only net claims or obligations remain. It allows settlement by netting or gross procedures as set out in bye laws with SEBI approval; such settlements are final, irrevocable and binding once determined, and recognised exchanges or clearing corporations may appropriate collaterals, deposits or margins according to bye laws. Recognised clearing corporations' rights to recover dues from clearing members have priority over other liabilities or claims. Notifications SEBI Mon, 02 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127768