https://www.taxtmi.com/circulars?id=66042 Net Settlement requires that cash market settlement obligations and physical settlement obligations of expiring stock derivatives be settled on a net basis, producing a single net obligation where eligible. Netting is available only when trading and clearing for cash and F&O are through the same TM CM combination; institutional investors and transactions cleared through different clearing members or clearing corporations are excluded. Statutory levies such as Securities Transaction Tax and stamp duty remain computed and reported segment wise. Clearing corporations retain segment wise default waterfalls and compute default losses pro rata by segment. en-us Wed, 30 Nov 2022 00:00:00 +0530 Wed, 30 Nov 2022 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66042 Net Settlement requires that cash market settlement obligations and physical settlement obligations of expiring stock derivatives be settled on a net basis, producing a single net obligation where eligible. Netting is available only when trading and clearing for cash and F&O are through the same TM CM combination; institutional investors and transactions cleared through different clearing members or clearing corporations are excluded. Statutory levies such as Securities Transaction Tax and stamp duty remain computed and reported segment wise. Clearing corporations retain segment wise default waterfalls and compute default losses pro rata by segment. Circulars SEBI Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66042