Collateral deposited by clients with brokers

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..... clients with brokers 1. SEBI has earlier issued circular Ref.:SMD/SED/CIR/93/23321 on November 18, 1993 specifying the norms for regulation of transactions between clients and brokers, and circular SEBI/MIRSD/DPS-1/Cir-31/2004 dated August 26, 2004 specifying the model format for the Member Clients Agreements, which also inter-alia specifies need for segregation of client money s / securi .....

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..... ent authorization for deposit of collateral with the exchange / clearing corporation / clearing house towards margin c. Record of deposit of collateral with exchange / clearing corporation / clearing house d. Record of return of collateral to client e. Credit of corporate action benefits to clients 2.3 The records should be periodically reconciled with the actual .....

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..... SEBI Act, SEBI Regulations and circulars, Exchange Byelaws, Rules, Regulations and circulars. 5. The Stock Exchanges are advised to :- 5.1. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 5.2. bring the provisions of this circular to the notice of the member brokers/clearing members, depository particip .....

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