Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments

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..... Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments SEBI, vide circular SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated July 20, 2020 , prescribed the framework to enable verification of upfront collection of margins from clients in cash and derivatives segments. 2. Further, SEBI, vide circular SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/689 dated December 16, .....

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..... argin parameters would include all SPAN margin parameters as well as ELM requirements. 5. There shall be no change in methodology of determination and collection of End of Day (EOD) margin obligation of the client. Also, there shall be no change in the provisions relating to collection and reporting of margins in cash segment. 6. Further, it is clarified that the above mentioned change is on .....

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..... egulations; b) bring the provisions of this circular to the notice of their members and also disseminate the same on their websites; and c) communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Report. 10. This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of In .....

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