Cut-off Time for Determining Minimum Threshold of Margins to be Collected from Clients

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-off Time for Determining Minimum Threshold of Margins to be Collected from Clients 1. SEBI vide circular SEBI/HO/CDMRD/DRMP/CIR/P/2016/80 dated September 07, 2016 and SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 dated June 20, 2019 prescribed mechanism for levying penalties on short-collection/non-collection of Margins. 2. SEBI has received feedback from the market participants that members currently repor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n clients' EOD portfolio for the purpose of determining minimum threshold of margin to be collected from clients by members. c. Similarly for the purpose of determining minimum threshold of Extreme Loss Margin (ELM) to be collected from clients, EOD client portfolio shall be valued at the half an hour weighted average trade price arrived at cut-off time stipulated above. 4. For commodity deriva....