Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation

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..... ns Sub: Transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation 1. SEBI, vide Circular No.CIR/MRD/DRMNP/25/2014 dated August 27, 2014 , prescribed norms for contribution by a Stock Exchange to Core SGF of a Clearing Corporation. Further, SEBI, vide Circular No. CIR/MRD/DRMNP/CIR/P/2018/145 dated Nov .....

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..... Clearing Corporation which receives such request shall transfer directly such excess contribution of the Exchange, in its Core SGF to the core SGF of another Clearing Corporation, under intimation to that Exchange. For Example, if Exchange A requests to transfer its excess contribution from Core SGF of Clearing Corporation B to Core SGF of Clearing Corporation C then after receipt of such .....

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