T+2 rolling settlement - Cash Market - Risk Management

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....Sir/Madam, Sub:- T+2 rolling settlement - Cash Market - Risk Management  This is in continuation of our circular no. SMD/Policy/Cir-9/2003 dated March 11, 2003, on "Risk Management for T+2 rolling settlement." In partial modification of the aforesaid circular, the Stock Exchanges are advised to comply with the following provisions regarding collection of VaR based margin.  VaR b....

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....ferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.  make necessary amendments to the bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable/necessary. bring the provisions of thi....