Short-collection/Non-collection of client margins (Derivatives Segments)

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.... 1. In consultation with BSE, MCX-SX, NSE and USE, it has been decided that Stock Exchanges shall levy penalty specified hereunder on trading members for short-collection/ non-collection of margins from clients in Equity and Currency Derivatives segments: For each member 'a' Per day Penalty as %age of 'a' (< Rs. 1 lakh) And (< 10% of applicable margin) 0.5 (&ge; Rs. 1 lakh) Or (&....

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....air (close to close settlement price of currency futures, in case of all currency derivatives) on a given day, (day T), then, the penalty for short collection shall be imposed only if the shortfall continues to T+2 day. 5. All instances of non-reporting shall amount to 100% short collection and the penalty as applicable shall be charged on these instances in respect of short collection. 6. I....