What precautions are to be kept in mind in case of securities expected to be received in pay-out?

Only free and unencumbered balances of securities available with the Member for
respective client in different segments of the Exchange shall be considered for margin
collection and reporting. Accordingly, only securities received in pay out shall be
considered only after it is actually received from the clearing corporation. However payin received from clients for such securities may be considered while calculating the
ledger balance for the purpose of reporting of margins till T+1.


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