Notice Board

Implementing the New Margin Pledge Framework

By 31/08/2020 No Comments

To bring transparency in terms of handling the pledged securities and ensure the safety of investors’ securities, the capital market regulator – SEBI recently introduced new pledge/re-pledge mechanism which is set to go live from Sep 1st 2020,  read this circular.

As per the prescribed norms in the new margin pledge system, the stocks that you have pledged with us for the collateral/margin requirements will be unpledged and moved back to your Demat account. We have initiated a pledge request under the new pledge mechanism for the securities that have been transferred back. You will have to authorise the pledge by visiting the link that you will receive on the registered Email ID/mobile number.

By clicking the received link, you will be redirected to CDSL’s (DP) portal where you are required to mention your PAN or Demat Account number and generate OTP to authenticate the margin pledge by entering the OTP received on the registered Email ID/mobile number.

Note:   Kindly finish this earliest to continue receiving margins against the securities, failing which in time may result in the unavailability of margin and such FNO positions will be squared-off or may attract penalties due to lack of adequate margins to hold the positions.

 

 

 

 

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