https://www.taxtmi.com/circulars?id=59596 Members' liquid assets must at all times cover four requirements: MTM losses, VaR margins, Extreme Loss Margins and Base Minimum Capital. MTM margins are collected before the start of the next trading day and adjusted against cash/cash equivalents; VaR margins are collected upfront at trade time against total liquid assets; Extreme Loss Margins are collected in real time. All margins are applied to the gross open position of the member with no netting across different settlements. Detailed asset eligibility, haircuts, liquidity classification, exposure limits, and shortfall penalties are prescribed. en-us Wed, 23 Feb 2005 00:00:00 +0530 Thu, 14 Feb 2019 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59596 Members' liquid assets must at all times cover four requirements: MTM losses, VaR margins, Extreme Loss Margins and Base Minimum Capital. MTM margins are collected before the start of the next trading day and adjusted against cash/cash equivalents; VaR margins are collected upfront at trade time against total liquid assets; Extreme Loss Margins are collected in real time. All margins are applied to the gross open position of the member with no netting across different settlements. Detailed asset eligibility, haircuts, liquidity classification, exposure limits, and shortfall penalties are prescribed. Circulars SEBI Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59596