Members should send margin related information to their clients on a daily basis, which shall, inter-alia, include:
Additionally, every member shall maintain proper records of collateral received from clients as under:
Members should have adequate systems and procedures in place to ensure that client collateral is not used for any purposes other than meeting the respective client’s margin requirements / pay-ins. Members should also maintain records to ensure proper audit trail of use of client collateral.
The indicative format of Daily Margin Statement to be issued to client is as per Annexure B of the Exchange Circular number NSE/INSP/19583 dated December 14, 2011
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