Deposit Requirements for members of the Debt Segment

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....3/2013 dated January 24, 2013 prescribed guidelines for providing dedicated debt segment on stock exchanges. Subsequently, SEBI (Stock Brokers and Sub-Brokers) Regulations was amended to enable registration of Stock Broker, Proprietary Trading Member, Clearing Member and Self Clearing Member of debt segment of the stock exchange. 2. Further, SEBI vide circular no CIR/MRD/DP/27/2013 dated Septem....

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....nt of the stock exchange / clearing corporation. Provided further that no deposit shall be payable in case a CM / SCM clears and settles trades only on gross basis for both securities and funds, and where no settlement guarantee is provided by the clearing corporation. 4. The Stock Exchanges and Clearing corporations are directed to: a. take necessary steps to put in place sys....