This is with reference to Exchange notice no. 20230426-68 dated April 26, 2023, on “Guidelines/clarifications on Margin collection & reporting”., wherein it was clarified as under.
“In respect of sale of shares by a client for which early pay-in (EPI) request via Block mechanism has been accepted by depositories, the same may be considered as margin collected towards peak margin for the said sale transaction. Further, in respect of sale of shares by a client for which early pay-in (EPI) request via Block mechanism has been accepted by depositories and credit entry is posted of the sale value of the shares in the ledger account of the client, EPI value may be considered as margin collected towards subsequent margin requirement of the client. However, the sale value of such securities (EPI value), as reduced by value of the 20% upfront Margin, shall be available as Margin for other positions across all the segments.”
In view of the above, as stated above, it is reiterated that margin may be considered as collected towards peak margin of the sale transactions and the EPI value may be considered as margin collected towards subsequent margin requirement of client only upon early pay-in (EPI) request via Block mechanism has been accepted by the depositories and credit entry is posted of the sale value of the shares in the ledger account of the client.
Members are advised to take note of the above and ensure strict compliance.
In case of any clarifications, members may contact us on details given as under:
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Contact Nos.
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Email ID
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022- 2272 8435/5785
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bse.inspection@bseindia.com
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For and on behalf of BSE Ltd.
Hiteshkumar Desai Sandeep Sharma
General Manager Asst. General Manager
Brokers’ Supervision Brokers’ Supervision
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