https://www.taxtmi.com/circulars?id=64299 TMs and CMs must collect upfront VaR margin and ELM from clients prior to trade; other margins may be collected within a two working day window. If client pay-in (funds or securities) occurs within two working days, or securities are early pay in to the Clearing Corporation, other margins are deemed collected and penalties for short/non-collection do not apply. If pay-in is not made within two working days and other margins are not collected by that time, applicable penalties may be levied. Clearing Corporations continue to collect upfront VaR plus ELM and other margins from TMs/CMs. en-us Tue, 15 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64299 TMs and CMs must collect upfront VaR margin and ELM from clients prior to trade; other margins may be collected within a two working day window. If client pay-in (funds or securities) occurs within two working days, or securities are early pay in to the Clearing Corporation, other margins are deemed collected and penalties for short/non-collection do not apply. If pay-in is not made within two working days and other margins are not collected by that time, applicable penalties may be levied. Clearing Corporations continue to collect upfront VaR plus ELM and other margins from TMs/CMs. Circulars SEBI Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64299