Monthly Report For Clearing Corporations - SEBI - CIR/MRD/DRMNP/16 /2015

CIRCULAR CIR/MRD/DRMNP/16 /2015 August 06, 2015 To All Clearing Corporations, Sir / Ma am, Sub: Monthly Report For Clearing Corporations 1. The Clearing Corporations are advised to submit a Monthly Report, as per the prescribed format, from the month of August 2015 onwards and ensure the same reaches SEBI within 10 calendar days from the close of each month. 2. The format for the Monthly Report is provided at Annexure-A. 3. Information sought from the Clearing Corporation, in the prescribed format at Annexure A, may henceforth be discontinued from the Stock Exchange Monthly Development Report. 4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. This Circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Maninder Cheema Deputy General Manager Division of Risk Management and New Products Market Regulation Department [email protected] Annexure A MONTHLY REPORT CLEARING, SETTLEMENT RELATED FUNCTIONS 1. Clearing and Settlement for Segments - Sr. No. Name of Segment Average Daily Settlement Value (INR Crores)* Highest Settlement Value for the Month (INR Crores) 1 Equity market Funds Securities 2 Equity Derivatives 3 Currency Derivatives 4 Debt Market Funds Securities 5 ITP Funds Securities * Average Daily Settlement Value = Total Settlement Value for the Month/ Total number of trading days Total Settlement Value shall include settlement value of normal trades, trade for trade and block deals 2. Top 10 Settlement Shortages for each segment Sr. No. Name of Member Shortage in Segment Date of Settlement (for which there was a shortage) Number of times the Member had settlement shortages in the previous 6 months Shortage Type (Funds/ Securities) Amount (INR Crores Note : In cases of repetitive shortages by members, action taken by the Clearing Corporation, if any - 3. Penalty Imposed on Short / Non-Collection of Margins / Margin Violation/ Settlement Shortages and other penalties Imposed/collected by Clearing Corporation - Sr. No. Type of Penalty Collected Number of members Amount of Penalty Interest on Penalty To which fund it is transferred (IPF/ SGF) Note: IPF - Investor Protection Fund SGF - Settlement Guarantee Fund 4. Securities lending and borrowing Sr. No. Particulars Figures 1 Number of securities permitted 2 Number of securities traded 3 Turnover for the month (INR) 4 Lending fees collected (INR) 6. Corpus of core SGF (for the Month of ____, 20XX) Sr No Segment Minimum Required Corpus (INR crores)* Contributions towards MRC by Other Contributions** Total SGF Available with the Clearing Corporation Clearing Corporation (INR crores) Stock Exchange (INR crores) Members (INR crores) 1 Equity market 2 Equity Derivatives 3 Currency Derivatives 4 Debt Market Total * Minimum Require Corpus (MRC) as applicable for the month **Other Contributions shall include Penalties, Interests and other accruals to SGF 7. Investment of Core SGF Sr No Instrument of Investment Amount (INR crores) Tenure of Investment CLEARING CORPORATION ADMINISTRATION 1. Composition of Governing Board (To be reported in case of change): Sr. No. Names Category Date of Appointment Date of Last Renewal of the term No. of terms completed Date of Expiry of current term 2. Composition of Statutory/Standing Committees (To be reported in case of change): Sr. No. Names Category Date of Appointment Date of Last Renewal of the term No. of terms completed Date of Expiry of current term 3. Board Meeting / Annual General Meeting / Extra Ordinary General Meeting Held During the Month: Sr. No. Date of the Meeting Names of Members who attended the Meeting Board Meeting/ AGM/EGM Main Heading of Agenda 4. Important Decisions taken by governing board in the meeting(s). MISCELLENEOUS 1. Net worth as on March/ June/ September/ December 20XX (INR crores) - 2. Shareholding pattern as on date - Sr. No. Entity Shares % Equity 3. Implementation status of SEBI Circulars Circular No. date Provisions in the circular (Subject) Implemented (Y/N) Date of implementation of the provisions In case not implemented, reasons for non-implementation 4. No. of Clearing Member/Self Clearing Member/Professional Clearing Member segment wise. Segments SCM TMCM PCM Custodian Total Enabled Total Enabled Total Enabled Total Enabled Total 5. Top 10 Clearing Members based on highest 'Daily Average Pay-In' obligation for each segment: Sr. No. Name of Clearing Member Category (CM/SCM/PCM) Segment Amount (INR crores) * Note: Separate tables for each segment *Daily Average pay-in = Daily average value of Funds + Securities 6. Inspections of Clearing Members Sr. No Number of Clearing members inspected during the period Cumulative number of Clearing embers inspected during the current Financial Year 7. Major Observations in Clearing Member Inspections, if any - 8. Any other matter that the Clearing Corporation would like to report.