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Can the Member settle running account of funds of clients which are scheduled to be settled in the month of September and October (till October 06,2022) directly on October 07,2022?

Yes, running account of funds of clients, which are scheduled to be settled in the month of September and October (till October 06, 2022) may directly be settled on October… Read more »

SEBI Settlement   

Whether the securities pledged to Trading Member need to be unpledged while doing the settlement?

Excess securities (in the form of margin pledge/re-pledge) with Trading Member (TM), Clearing Member (CM) or with Clearing Corporation (CC), after adjustment of the 225% of the margin liability need… Read more »

SEBI Settlement   

Can a member retain funds of clients towards obligations towards its sister companies?

While settling client accounts, a member cannot retain funds in excess of the balances mentioned in Point 5. Accordingly, while ascertaining retention amount, a member cannot consider debit balances of… Read more »

SEBI Settlement   

In which circumstances the settlement need not be done by a member?

a) Clients settling trades through “custodians.” b) Margin received in the form of Bank Guarantees and Fixed Deposit Receipts, which are created by clients. c) Clearing members who are clearing… Read more »

SEBI Settlement   

Is statement of account required to be issued in case no trades are done by the clients?

The members shall not be required to send the ‘Statement of Accounts’ to clients with zero funds, zero securities and zero commodities balances and also has been flagged as ‘Inactive’… Read more »

SEBI Settlement   

When should a member send statement of accounts for funds / securities?

As clarified vide Exchange circular NSE/INSP/47227 dated February 03, 2021, every member shall send a complete ‘Statement of Accounts’ for funds, securities and commodities in respect of each of its… Read more »

SEBI Settlement   

Is there any threshold amount below which members may not be required to settle client’s account?

No. Retention of any amount towards administrative / operational difficulties in settling the accounts of clients is not permitted.

SEBI Settlement   

Can Members issue payments through physical mode, while settling the accounts of the clients?

For the purpose of settlement of funds, the mode of transfer of funds shall be by way of electronic funds transfer viz., through National Electronic Funds Transfer (NEFT), Real Time… Read more »

SEBI Settlement   

Whether the securities pledged to Trading Member need to be unpledged while doing the settlement?

Excess securities (in the form of margin pledge/re-pledge) with Trading Member (TM), Clearing Member (CM) or with Clearing Corporation (CC), after adjustment of the 225% of the margin liability need… Read more »

SEBI Settlement   

What is the value of funds that a trading member can retain while doing the settlement?

In case of client having any outstanding trade position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, a Trading member… Read more »

SEBI Settlement   

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