https://www.taxtmi.com/circulars?id=59494 Discontinuation of Hand Delivery Bargains/DVP is mandated: all exchange trades must be settled through the Clearing Corporation/Clearing House as central counterparty, effective September 19, 2005. Narrow exceptions are permitted for total exchange/STP connectivity failures, pre-decided international holidays, and calamity-driven centre closures. Custodial rejection of institutional trades may allow DVP settlement without margin if documented; otherwise exchanges may impose margins and penalties. Exchanges must amend bye-laws, notify members, publish the circular, and report implementation to SEBI. en-us Fri, 02 Sep 2005 00:00:00 +0530 Thu, 07 Feb 2019 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59494 Discontinuation of Hand Delivery Bargains/DVP is mandated: all exchange trades must be settled through the Clearing Corporation/Clearing House as central counterparty, effective September 19, 2005. Narrow exceptions are permitted for total exchange/STP connectivity failures, pre-decided international holidays, and calamity-driven centre closures. Custodial rejection of institutional trades may allow DVP settlement without margin if documented; otherwise exchanges may impose margins and penalties. Exchanges must amend bye-laws, notify members, publish the circular, and report implementation to SEBI. Circulars SEBI Fri, 02 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59494