https://www.taxtmi.com/circulars?id=60545 The circular prescribes a layered risk based capital framework for recognized clearing corporations: capital for counterparty credit risk (via Core SGF contribution), business risk (CCP specific estimate subject to a floor linked to operating expenses), orderly wind down or recovery (funding a recovery/wind down plan covering a specified minimum time span), and operational and legal risks (a buffer proportionate to the aggregate of other components). CCPs must maintain liquid net assets funded by equity equal to the computed aggregate or a statutory minimum, use audited annual statements for expense calculation, certify quarterly compliance, and promptly notify SEBI if net worth falls below the threshold. en-us Wed, 10 Apr 2019 00:00:00 +0530 Thu, 11 Apr 2019 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60545 The circular prescribes a layered risk based capital framework for recognized clearing corporations: capital for counterparty credit risk (via Core SGF contribution), business risk (CCP specific estimate subject to a floor linked to operating expenses), orderly wind down or recovery (funding a recovery/wind down plan covering a specified minimum time span), and operational and legal risks (a buffer proportionate to the aggregate of other components). CCPs must maintain liquid net assets funded by equity equal to the computed aggregate or a statutory minimum, use audited annual statements for expense calculation, certify quarterly compliance, and promptly notify SEBI if net worth falls below the threshold. Circulars SEBI Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60545