https://www.taxtmi.com/circulars?id=67018 SBs/CMs must upstream all clients' clear credit balances to CCs on End of Day basis only as cash, lien marked FDRs created from USCNBA, or pledged MFOS units created from client funds; FDRs must meet CC exposure norms, be lien marked with CC precedence, be pre terminable, tenor not exceeding one year and one day, and not be used as security for borrowing. MFOS units must be dematerialized, held in a dedicated Client Nodal MFOS Account and pledged/re pledged to CCs identifying end clients. USCNBA and DSCNBA account nomenclature and operational, monitoring and reporting requirements apply. en-us Tue, 12 Dec 2023 00:00:00 +0530 Tue, 12 Dec 2023 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67018 SBs/CMs must upstream all clients' clear credit balances to CCs on End of Day basis only as cash, lien marked FDRs created from USCNBA, or pledged MFOS units created from client funds; FDRs must meet CC exposure norms, be lien marked with CC precedence, be pre terminable, tenor not exceeding one year and one day, and not be used as security for borrowing. MFOS units must be dematerialized, held in a dedicated Client Nodal MFOS Account and pledged/re pledged to CCs identifying end clients. USCNBA and DSCNBA account nomenclature and operational, monitoring and reporting requirements apply. Circulars SEBI Tue, 12 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67018