The Bombay Stock Exchange (BSE) on March 18, 2024, issued the notification regarding the Segregation and Monitoring of Collateral at Client Level- Reporting Format.
The following has been stated namely: -
• Clients’ clear credit balances which are not placed by the SBs/CMs with the CC and are reported in the segregation file as “Retained with TM” or “Retained with CM, the Clearing Members are required to report retention reasons.
• To capture justifications for retention of collateral in the daily client collateral segregation file has been decided.
• The guidelines and revised format of daily collateral segregation data is provided in attached Annexure 1.
• Members are advised to make necessary changes in their back-office systems in order to comply with the aforesaid guidelines.
[Notification No. 20240318-55]
