Risk Containment measures for rolling settlement and CNS, CFRS & ALBRS

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..... s Dear Sir/Madam, Sub:- Risk Containment measures for rolling settlement and CNS, CFRS & ALBRS This is in continuance of the circular no. 25/2000 dated June 29, 2000 advising the Exchanges about the risk containment measures applicable to the Rolling settlement, circular no. 43 of 2000 advising the features of the Continuos Net Settlement(CNS), Carry Forward in Rolling Settlement(CFRS) and the .....

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..... s. 1. Gross Exposure Margin : The gross exposure margin would be calculated on the worst case scenerio i.e. highest net outstanding position at the end of any trading day for which the settlement has not been concluded. 2. Mark to Market Margin : Mark to Market margin would be applicable as in the account period settlement system. 3. Scrip limits in CFRS and ALBRS : The present limit of S .....

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..... ons of the member. It is to be noted that the margin thus leviable would be applicable only on the sell side and not on the buy side of the position. The Exchanges are advised to adhere to the risk containment measures as mentioned above for rolling settlement and for the introduction of CNS, CFRS and ALBRS. Thanking you, Yours faithfully P K Bindlish Division Chief Secondary Market Deposito .....

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