The Indian Clearing Corporation Limited (ICCL) on March 20, 2024, issued a notification regarding additional exposure margin on Securities under MWPL – April 2024.
The following has been stated: -
•In continuation to the BSE Notice dated March 18, 2019, on Additional Exposure Margin on Securities under MWPL, ICCL shall levy additional exposure margin @15% in the equity derivatives segment on securities in which top 10 clients account for more than 20% of MWPL. However, for securities wherein an additional surveillance margin is applicable, the higher additional exposure margin as stated above or additional surveillance margin shall be levied. Scrips shall be identified under this framework based on 3 months rolling data and shall be reviewed on a monthly basis.
•This Additional Exposure Margin for the securities mentioned in the Annexure shall be effective from April 01, 2024, immediately after the expiry of March 2024 contracts.
[Notice No. 20240320-4]
