Maintenance of collateral by FIIs for transactions in derivative segment- Opening of demat accounts by Clearing Corporations and Clearing Members

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.... (Dir Series) Circular No. 02 July 19, 2007 To All Category - I Authorised Dealer Banks Madam / Sir, Maintenance of collateral by FIIs for transactions in derivative segment- Opening of demat accounts by Clearing Corporations and Clearing Members Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Foreign Exchange Management (Transfer or Issue of an....

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....ounts with foreign depositories and to acquire, hold, pledge and transfer the foreign sovereign securities, offered as collateral by FIIs; ii)  to remit the proceeds arising from corporate action, if any, on such foreign sovereign securities; and iii)  to liquidate such foreign sovereign securities if the need arises. 3.  Clearing Corporations shall report, on a monthly basis, ....