Cheques received / recorded in the books of Trading Member on or before T day and
deposited by member by T+1 day (excluding bank holiday, if any) and cleared
subsequently, can be considered.
• In case a cheque is received from a client and the same is recorded in the books on or
before T day and deposited by T+1 day, Member shall report the margin collected
from such client after considering the effect of such cheque, if the same is cleared
within T+5 days.
• Only cheques which are cleared should be considered and cheques dishonored or not
cleared up to T+5 working days should not be reported as margin collected.
• If subsequent to the margin reporting by the Member, the cheque deposited by the
Member is dishonored or not cleared within T+5 working days, then revised margin
file shall be uploaded after factoring into the effect of such dishonored or non-cleared
cheques ,with incremental batch number within the above mentioned five days.
For any additional information please call us: 080 – 68 24 84 94
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