Review of Securities Lending and Borrowing (SLB) Framework

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....r / CEO, National Stock Exchange and Bombay Stock Exchange 2.   Managing Director, NSDL and CDSL Dear Sir, Sub: Review of Securities Lending and Borrowing (SLB) Framework The framework for SLB was specified vide circular no. MRD/DoP/SE/Dep/Cir- 14 /2007 dated December 20, 2007. SLB was operationalised with effect from April 21, 2008. Pursuant to feedback from market partic....

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....: The transactions would be foreclosed from the day prior to the ex-date. The lending fee would be recovered on a pro-rata basis from the lender and returned to the borrower. Time window for SLB The time for SLB session may be extended from the present one hour (10 am to 11 am) to the normal trade timings of 9:55 am to 3:30 pm. Risk Management a.  With regard to risk managem....