https://www.taxtmi.com/circulars?id=64845 TMs must periodically effect actual settlement of clients' running account funds, considering end-of-day obligations across exchanges; where clients have outstanding positions, TMs may retain pay-in obligations for T and T 1 and a capped multiple of end-of-day margin liability after first adjusting collateral accepted as margin pledge (with haircuts). Excess client-identifiable collateral need not be unpledged. Settlement requires actual payment to the client's bank account; journal entries do not substitute for settlement. Exchanges must monitor compliance via online systems and reporting. en-us Wed, 16 Jun 2021 00:00:00 +0530 Wed, 16 Jun 2021 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64845 TMs must periodically effect actual settlement of clients' running account funds, considering end-of-day obligations across exchanges; where clients have outstanding positions, TMs may retain pay-in obligations for T and T 1 and a capped multiple of end-of-day margin liability after first adjusting collateral accepted as margin pledge (with haircuts). Excess client-identifiable collateral need not be unpledged. Settlement requires actual payment to the client's bank account; journal entries do not substitute for settlement. Exchanges must monitor compliance via online systems and reporting. Circulars SEBI Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64845