On Feb. 24, 2025, IND NSE also issued circular re guidelines, effective from May 2.
Document dated Feb. 24, 2025, received from IND NSE Mar. 3, summarized on Mar. 5.
On Feb. 24, IND BSE issued notice on margin collection and reporting.
IND BSE published a notice on the Guidelines on consideration of VAR margin rate/haircut on securities for margin collection and reporting, along with an annexure.
Follows IND BSE Oct. 2024 guided on margin collecting, reporting, see #228889.
Document dated Feb. 24, 2025, received from IND BSE Feb. 25, summarized Feb. 27.
Margin Collection
For purpose of client margin collection and reporting, members shall compute the value of securities as per the closing rate on T-1 day as reduced by appropriate haircut.
Namely, at a rate not less than the VAR margin rate of the security at start of T day.
Effectiveness
The notice will take effect from May 2, 2025.
Feb. 24, 2025, IND NSE Guidelines
On Feb. 24, 2025, IND NSE also issued circular re guidelines, effective from May 2.
Document dated Feb. 24, 2025, received from IND NSE Mar. 3, summarized on Mar. 5.
Regulators
IND BSE; IND NSE
Entity Types
B/D; Exch
Reference
Cir 13/2025, NSC/INSP/66840, 2/24/2025; Nt 20250224-70, 2/24/2025;
Functions
Actuarial and Valuation; Compliance; Financial; Operations; Reporting; Trading
