Interoperability among Clearing Corporations: Revision of criteria for entering the risk-reduction Mode

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....tions and Stock Exchanges/ Clearing Corporations in International Financial Services Centre Dear Sir/ Madam Sub-Interoperability among Clearing Corporations: Revision of criteria for entering the risk-reduction Mode SEBI vide its circular CIR/MRD/DRMNP/CIR/P/2018/145, dated November 27, 2018 issued broad guidelines for operationalizing the interoperable framework among Clearing Corporatio....

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....ecember 13, 2012 would be the criteria for the Stock Exchanges to determine the stock brokers which would be admitted to the risk-reduction Mode. 5. Accordingly, stock brokers shall be mandatorily put in risk-reduction mode when 90% of the stock broker's collateral available for adjustment against margins gets utilized on account of trades that fall under the margining system. 6. The Stock E....