Collateral deposited by clients with brokers

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....rlier issued circular Ref.:SMD/SED/CIR/93/23321 on November 18, 1993 specifying the norms for regulation of transactions between clients and brokers, and circular SEBI/MIRSD/DPS-1/Cir-31/2004 dated August 26, 2004 specifying the model format for the Member Clients Agreements, which also inter-alia specifies need for segregation of client money's / securities deposited as margin. 2. In continuatio....

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....ion / clearing house towards margin c. Record of deposit of collateral with exchange / clearing corporation / clearing house d. Record of return of collateral to client e. Credit of corporate action benefits to clients 2.3 The records should be periodically reconciled with the actual collateral deposited with the broker. 2.4 Brokers should issue a daily statement of collateral utilization ....

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....o :- 5.1. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 5.2. bring the provisions of this circular to the notice of the member brokers/clearing members, depository participants and also disseminate the same on their website. 5.3. communicate to SEBI, the status of the implementation of the provisions of this circular in t....