Dated: 4th
March 2009
NOTICE
Re: Procedure for paying Temporary Cash Margin for
trading under BSE-CSE arrangement
Trading Members willing to pay
/ enhance their Temporary Cash Margin for their trading under BSE-CSE
arrangement may do so by any of the following methods.
1. Instruction by trading members to the
Exchange for collecting margin from their Settlement Account:
Under
this method, Trading Members may submit a letter to the Margin Department of
the Exchange for debiting their Settlement Account with the requisite amount of
margin. Upon receipt of the letter, the
Margin Department shall send a debit advice to the Bank. The members’ margin limit shall be enhanced
upon receipt of the confirmation of the credit in the Margin Account of
CSE.
Under
this procedure, it may take about an hour to update the margin limit in the
system.
2. Instruction to HDFC Bank for crediting the
margin to CSE’s Margin Account:
Members
may instruct HDFC Bank, Stephen House Branch and arrange to credit CSE Margin
account No-0970620000014 and send the intimation to this effect to the Margin
Department of the Exchange. Members may
arrange to send such intimation to the Margin Department either by hand
delivery or through Fax 033-22307209/033-22102223 or through e-mail at accounts@cse-india.com or
dgmaccounts@cse-india.com
Updation
in the system shall be made upon confirmation from the Bank and it may take
about 15 minutes from the receipt of the intimation from the trading members.
3. Transfer of the fund to CSE Margin Account
through Net Banking facility of the HDFC Bank
Members
may arrange to transfer the margin amount to the Exchange Margin Account No.
0970620000014 maintained with HDFC Bank, Stephen House Branch, through Net
Banking facility and arrange to send the intimation to the Margin Department
either by hand delivery or through Fax 033-22307209/033-22102223 or through
e-mail at accounts@cse-india.com or dgmaccounts@cse-india.com.
Updation
in the system shall be made upon confirmation from the Bank and it may take
about 10 minutes from the receipt of the intimation from the trading members.
CEO & Managing Director