Dear Sir/Mam,
This is with reference to NSE Circular reference No. NSCCL/CMPT/37751 dated May 14, 2018 and SEBI circular no: SEBI/HO/MRD/DRMNP/CIR/P/2018/75 dated May 02, 2018 and in modification to Item no. 14 on client margin reporting of the consolidated circular no. 032/2017 (Download Ref No: NSCCL/CMPT/34657) dated April 17, 2017.
- For the Derivatives segment, Client shall be required to provide initial and exposure margins on an upfront basis.
- For the Derivatives segment, Client shall be required to provide mark to market losses by T+1 day.
The provisions of the circular shall come into effect from June 01, 2018.
Exchange circulars are attached for your reference plz click on given below links.