PAYMENT OF VOLATILITY MARGINS

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..... ircular SMDRP/Policy/Cir-35/98 dated December 4th, 1998 had made it mandatory for the brokers to collect margins from clients in all cases where the margin in respect of the client in the settlement, would work out to be more than ₹ 50,000. SEBI vide its press release No. PR 38/2001 dated March 5,2001 on Risk Management Measures had prescribed that: No exemptions .....

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..... tutional Investors. 4. A copy of this circular is available at the web page 'Foreign Institutional Investors' on our web site www.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of their FII clients. Yours faithfully, P.GUPTA GENERAL MANAGER E-MAIL p .....

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