Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities

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....ation] of debt securities Recognized Limited Purpose Clearing Corporations Recognized Stock Exchanges Registered Depositories Madam/Sir, Sub: Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities A well-functioning repo market contributes to the development of the debt se....

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....curities per annum be collected upfront prior to the listing of such securities in order to build the Settlement Guarantee Fund of the LPCC. 3. In this regard, AMC Repo Clearing Limited (ARCL) has been granted recognition as LPCC by SEBI. The Reserve Bank of India also accorded necessary approvals to ARCL to function as a Clearing Corporation with a limited purpose and to offer central counter p....

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....ted to the bank account of the LPCC within one working day of the receipt of the amount and inform the details of the same to the LPCC. d. The details of the amounts so collected shall also be disclosed by the Stock Exchanges on their websites. e. The above mentioned charges shall be collected on the basis of Actual/ Actual. The LPCC shall provide an illustration of the calculation of the am....