Review of Securities Lending and Borrowing (SLB) Framework

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..... Exchange and Bombay Stock Exchange 2. Managing Director, NSDL and CDSL Dear Sir, Sub: Review of Securities Lending and Borrowing (SLB) Framework The framework for SLB was specified vide circular no. MRD/DoP/SE/Dep/Cir- 14 /2007 dated December 20, 2007. SLB was operationalised with effect from April 21, 2008. Pursuant to feedback from market participants and proposals for revision .....

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..... e ex-date. The lending fee would be recovered on a pro-rata basis from the lender and returned to the borrower. Time window for SLB The time for SLB session may be extended from the present one hour (10 am to 11 am) to the normal trade timings of 9:55 am to 3:30 pm. Risk Management a. With regard to risk management in SLB, it is advised that common risk management practices shall .....

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..... ons to the member brokers/clearing members and depository participants and also to disseminate the same on the website. This circular is 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. Yours faithf .....

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