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    <title>Margin Trading Facility and Securities Lending and Borrowing</title>
    <link>https://www.taxtmi.com/circulars?id=59595</link>
    <description>The circular expands Margin Trading Facility eligibility to IPO securities meeting derivatives-segment criteria, accepts fixed deposits and bank guarantees as cash-equivalent margins, and requires a written no-objection certificate from an existing broker with a 21-day objection window. It limits Approved Intermediaries in the Securities Lending and Borrowing scheme to Clearing Corporations/Houses, permits borrowing idle securities through depository accounts with random borrower selection, and mandates a market-determined borrowing mechanism; exchanges must amend rules, notify members, and report implementation.</description>
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    <pubDate>Fri, 04 Mar 2005 00:00:00 +0530</pubDate>
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      <title>Margin Trading Facility and Securities Lending and Borrowing</title>
      <link>https://www.taxtmi.com/circulars?id=59595</link>
      <description>The circular expands Margin Trading Facility eligibility to IPO securities meeting derivatives-segment criteria, accepts fixed deposits and bank guarantees as cash-equivalent margins, and requires a written no-objection certificate from an existing broker with a 21-day objection window. It limits Approved Intermediaries in the Securities Lending and Borrowing scheme to Clearing Corporations/Houses, permits borrowing idle securities through depository accounts with random borrower selection, and mandates a market-determined borrowing mechanism; exchanges must amend rules, notify members, and report implementation.</description>
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      <pubDate>Fri, 04 Mar 2005 00:00:00 +0530</pubDate>
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