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System based calculation of margins on gross basis

..... 021. SMDRP/Policy/Cir- 22/2001 March 20, 2001 The President/Executive Director/Managing Director Of all the Stock Exchanges Sir/Madam, Sub:-. Vide our earlier circular dated February 01, 2001, we had stipulated that the stock exchanges would modify their system software so that entry of client code becomes mandatory at the brokers level and that orders would not be accepted without the client code .....

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