Important Regulatory Update Affecting Trading Limits Starting August 1, 2024

Important Regulatory Update Affecting Trading Limits Starting August 1, 2024

Dear Client,

 

There is to inform you about an important regulatory update which might affect your trading limits starting from August 1, 2024.

 

SEBI, vide its circular no. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/65 dated May 29, 2024, with respect to Norms for Acceptable Collateral and Exposure of Clearing Corporation, has updated the rules for acceptance of collateral from the clients and subsequent exposure thereon. Further, NSE vide its circular dated July 8, 2024, provided that NCL shall accept only those securities which fulfil the criteria provided in the said circular for approved securities to be accepted as collaterals. Equity securities not fulfilling the said criteria shall not be accepted as collaterals from August 01, 2024.

 

Consequent to the above circular, it is hereby brought to your notice that certain securities won’t be accepted as collaterals after August 1, 2024.

 

You are therefore requested to take note of the above change and arrange for additional collaterals either in form of funds or acceptable collaterals in lieu of the unacceptable collaterals, so as to avoid liquidation of your positions from the RMS team.

 

We solicit your prompt action so that you continue with your hassle free trading experience. 

 

A list of these securities is attached herewith for your quick reference.

 

Warm Regards,

Team 5paisa Capital


    • Related Articles

    • How to modify or update Signature?

      To update your signature, please follow the offline process: 1. Send an Email: - Compose an email to support@5paisa.com. - Use the subject line: "Signature Update - 5paisa". 2. Provide Details: - Clearly state your request for a signature update. - ...

    • What are Open interest limits?

      The highest amounts of open interest permitted for futures or options contracts are known as open interest limits. In simple words, the 'open interest limit' is the maximum number of contracts or positions allowed for a financial instrument. They are ...

    • Important : Critical changes in our Trading System today

      Dear Customers,   Today around 3:30 - 4 am, both our data centers hosted on Netmagic went down due to which all our trading and back office systems were not functional. There were issues on data centre end. We have made all our system live but there ...

    • What are circuit limits or price bands?

      Circuit limits also referred to as price bands, are protective measures implemented by the exchange to regulate significant price fluctuations in stocks over a short period. When a security's price hits the upper or lower circuit limit set by the ...

    • FAQs on QuanTower Trading Platform

      1. What is the Quantower Trading Platform at 5paisa? Quantower Trading Platform is an advanced platform and an extension to 5paisa that enables users to do trading through their desktops/laptops. It is a full-featured platform covering the global ...