The National Stock Exchange (NSE) on May 05, 2023, issued a notification regarding the Daily reporting of Short-collection/Non-collection of client margin
The following has been stated namely: -
• It states that it has been observed that some of the member’s reports matched margins to the Clearing Corporation (i.e., the margin required to be collected from the client) rather than the actually collected margin. However, such reporting of margins by the members does not reflect the true picture of the margins of clients with the members.
• The members are hereby directed to report the correct value of margins and mark-to-market losses etc. collected from the clients even if the amount collected is more than the requirement.
• The members are further requested to take note of the contents of the circular and ensure compliance failing which appropriate action would be taken against the member
[Circular No. NCL/CMPL/56624]
