Circular No.SMDRP/Policy/Cir-33/2000

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..... r/ Managing Director of all the Stock Exchanges Dear Sir, The Group on Risk Management for Equity Markets constituted by SEBI met on July 13, 2000, and the following decisions were taken : A. Mark to Market Margin Mark to Market Margin shall be collected separately from daily/exposure margin as the purpose of these margins is different. As re .....

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..... Actual delivery of shares sold or actual payment made for shares bought shall be excluded from the net position. D. Disclosure of Open Positions The Exchanges shall disclose the daily net open position of top 500 scrips. The list of these scrips is enclosed. The Stock Exchanges are advised to implement these decisions immediately. Yours faithfully, .....

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