Dated-7th
November ’ 2007
Notice
Sub: Advance Margin Payment
for Trade date 9th November 2007 on the “Muhurat Tarding on Friday
(Bank Closure)
In view of “Muhurat Trading on account of Diwali and Bank Closure
on 9th November ‘2007 it is necessary to neutralize the liabilities
of pay in of funds and securities of settlement No: 2008451 & 2008151
before resuming the trading of clearing No: 2008453 & 2008153 on
09-11-2007.
In view of the above, it is proposed that the following
measure to taken as a risk containment measure and to facilitate trading on the
Friday 9th November ‘2007.
1.
Demand
early pay – in of funds on 8th November’2007 evening for trades
executed on 7th November ’2007 (instead of Monday, the 12th November ’2007, as scheduled) as per funds
payable statement generated by the C star system.
2.
Based
on completion of early pay in of funds received from clearing banks and early
pay in of securities status for Settlement No –2008451 & 2008151 received
from NSDL on 8th November’2007, the Exchange may release the margin
deposits of trading members who have completed their aforesaid pay in
obligations in full on 8th November’2007.
3.
The
upfront margin for trade date 9th November ‘2007 will be accepted
upto 2.30 p.m on 8th November ‘2007 instead of 9th
November ‘2007.
4.
The
pay out of funds for the settlement 2008453 & 2008153 will be released on
13th November’2007 as scheduled.
5.
The
pay out of securities for the settlement 2008453 & 2008153 will be released
on 13th November ‘2007 as scheduled.
Secretary