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

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..... ions 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 Corporations. 2. Para 5.5(2) of the said circular read .....

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..... k 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 Exchange and Clearing Corporations are directed to: .....

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