The Bombay Stock Exchange (BSE) on December 28, 2023, issued a notification regarding the Upstreaming of clients’ funds by Stock Brokers (SBs)/Clearing Members (CMs) to Clearing Corporations (CCs).
The following has been stated namely: -
• CCs were directed to facilitate a mechanism to adjust the margin blocked in the form of cash, towards client fund pay in obligations.
• Members are hereby requested to note that the said mechanism shall be made available from January 01, 2024.
• To avail the facility, and for system readiness, Members are requested to refer attached Annexure.
[Notification No. 20231228-53]
