9th June 2014
Trading Members are hereby
informed that for the purpose of risk management, it has been decided to
process all requests for withdrawal of the collateral deposits such as
securities pledged and bank guarantees issued in favour of CSE and fixed
deposits lien marked in favour of CSE/ICCL/NSCCL as under:
1. Securities pledged with CSE
– will be processed at the end of the day of such request received from trading
members and will be available for release only on the next working day after
receiving a confirmation from RMS that there is no shortfall in margin after
such withdrawal.
2. Fixed deposits lien-marked
in favour of CSE – will be processed at the end of the day of the request
received from trading members and will be forwarded to the concerned bank for
pre-mature withdrawal after receiving a confirmation from RMS that there is no
shortfall of margin after such withdrawal.
3. Bank guarantees issued in
favour of CSE - will be processed at the end of the day of the request received
from the trading member and will be returned after completion of the
settlement obligations relating to the transactions till the date of request
for withdrawal.
4. Fixed deposits lien-marked
in favour of ICCL/NSCCL – will be processed at the end of the day of the
request received from trading members and will be released only after three
working days from the date of such request.
In view of the above, all
trading members are advised to take enough care and caution while selling their
securities which are lien-marked in favour of the Exchange and forward such
request much prior to the actual date of sale to avoid any loss due to
non-release of such securities on the scheduled date and time of pay-in.
Members are requested to take note of the same and comply
accordingly.
DGM-SEO