Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default - Extension of timeline for submission of the Undertaking cum Indemnity bond by the Trading members (TMs) / Clearing Members (CMs) for all the bank accounts

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..... 01, 2020 To, 1. All Recognised Stock Exchanges 2. All Recognised Clearing Corporations 3. All Depositories Madam / Sir, Subject: Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default - Extension of timeline for submission of the Undertaking cum Indemnity bond by the Trading members (TMs) / Clearing Members (CMs) for all the bank accoun .....

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..... ng cum Indemnity bond they need to take from TMs / CMs and suitably modify the draft undertaking wherever required. 4. Stock Exchanges and Clearing Corporations are directed to bring the provisions of this circular to the notice of their members and also disseminate the same on their websites. 5. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities .....

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