Meeting of Group on Risk Management Systems for the Equity Markets

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....am, Pursuant to the discussions in the meeting of the Group on Risk Management Systems for the Equity Markets held on August 14, 2001 the following decisions have been taken : 1.    Disclosure of the scrip wise delivery ratio In the absence of the deferral products and the introduction of the rolling settlement, the information of the open positions required in respect of t....

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.... account of book closure/record dates for corporate actions such as issue of dividend and bonus shares is being abolished in respect of the scrips which are traded in the compulsory dematerialised mode. The Exchanges had communicated that they were facing difficulties in implementing the no "no delivery" as they required to process auction and then close out in case of short/failed deliveries for ....

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.... "The close out Price will be the highest price recorded in that scrip on the exchange in the settlement in which the concerned contract was entered into and upto the date of auction/close out OR 20% above the official closing price on the exchange on the day on which auction offers are called for (and in the event of there being no such closing price on that day, then the official closing p....