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    <title>Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System</title>
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    <description>SEBI requires client collateral in dematerialised securities to be accepted only as a margin pledge in the depository system, prohibits off market title transfers for margin, mandates segregated tagged demat accounts for client securities margin pledges and margin funding, and prescribes a chain of pledge and re pledge (client TM CM CC) with client confirmation, visibility, and specified procedures for release and invocation to ensure re pledged securities are applied only to the pledgor&#039;s exposure.</description>
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