https://www.taxtmi.com/circulars?id=67545 Participants who directly join LPCC must make risk based, pro rata contributions to the Core SGF equivalent to the MRC deficit after Issuer and Clearing Member contributions; LPCC may collect these upfront or staggered and must top up any shortfall until Participant contributions are received. Contributors must replenish Core SGF to MRC immediately after use, limited to one replenishment per 30 calendar day period from the date of default notice. The default waterfall prescribes an ordered loss absorption sequence culminating in capped additional contributions by non defaulting members/participants and, if necessary, pro rata haircuts to payouts, with conditions on resignation, caps, and regulatory approvals for haircut use and post haircut exits. en-us Wed, 19 Jun 2024 00:00:00 +0530 Thu, 20 Jun 2024 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67545 Participants who directly join LPCC must make risk based, pro rata contributions to the Core SGF equivalent to the MRC deficit after Issuer and Clearing Member contributions; LPCC may collect these upfront or staggered and must top up any shortfall until Participant contributions are received. Contributors must replenish Core SGF to MRC immediately after use, limited to one replenishment per 30 calendar day period from the date of default notice. The default waterfall prescribes an ordered loss absorption sequence culminating in capped additional contributions by non defaulting members/participants and, if necessary, pro rata haircuts to payouts, with conditions on resignation, caps, and regulatory approvals for haircut use and post haircut exits. Circulars SEBI Wed, 19 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67545