Margin Trading and Securities Lending and Borrowing - Clarification

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....hanges Dear Sir, Sub:- Margin Trading and Securities Lending and Borrowing - Clarification 1. Please refer to the SEBI Circular SEBI/MRD/SE/SU/Cir-15/04 dated March 19, 2004 on the captioned subject. 2. Since the notified date for obtaining the new Unique Identification Number (UIN) by the intermediaries registered with SEBI has been postponed to June 30, 2004 and some intermediaries h....

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....g scheme (SLS), for handling settlement shortages. Therefore, pending registration under SLS, the stock exchanges are advised to continue with the existing system for handling settlement shortages.  The exact date of implementation of the close-out procedure as per the circular No.15/2004 dated 19th March, 2004 would be decided by NSE in consultation with BSE. 4. The provisions stated unde....