New Process for collateral margin effective from 1st Aug 2020
As per SEBI guidelines effective from 1st August 2020 brokers can accept securities as collateral from
clients only by way of Margin Pledge created in the CDSL depository system.
Key Points to Note
-> Only pledged securities will be available for obtaining margin/limit for trading
-> Collateral shares with us for additional margin/limit will be transferred to respective clients Demat account to comply
Kindly note, that the last date of migration from the existing process of POA based/collateral to margin pledge mechanism of availing additional margin/limit is 31st August 2020. We will communicate detailed process flow soon.
To read the full SEBI circular Click here
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