NATIONAL STOCK EXCHANGE OF INDIA LIMITED

 

Dated: August 22, 2008

Circular No. NSE/CMP/492

 

_______________________________________________________________________

                                                                                               

Circular No NSCC/CM/C&S/413 dated August 22, 2008 issued by National Securities Clearing Corporation Limited (NSCCL) to the Clearing Members of NSCCL is enclosed. All Trading Members of the Exchange who are also the Clearing Members of the Clearing Corporation are required to comply with the said Circular and any modifications thereto as may be issued by the Clearing Corporation from time to time.  Non-compliance with the said Circular will be treated as breach of the Rules, Bye-Laws and Regulations of the Exchange. The Clearing Corporation will monitor the compliance and take suitable action for non - compliance.

 

 

For National Stock Exchange of India Limited

 

 

 

Suprabhat Lala

Asst. Vice President


 

 

NATIONAL SECURITIES CLEARING CORPORATION LIMITED

CAPITAL MARKET SEGMENT

                                                                                                           

            

 

Ref. No.: NSCC/CM/C&S/413                                                         August 22, 2008

Download No.: NSE/CMPT/11166

 

To

All Clearing Members, PCM and Custodians

 

Sub: Change in List of Approved Banks

In pursuance to our circular no.: NSCC/CM/C&S/411 (download Ref. No. NSE/CMPT/11065 dated July 31, 2008), the following bank is being excluded, on account of acquisition by State Bank of India, from the list of approved banks for issuance of Bank Guarantees/ Fixed Deposit Receipts for Capital Market Segment towards Security Deposit and Margin Deposit

 

Sr. No

Bank Name

1.

State Bank of Saurashtra

 

Members may please note that benefit of all the existing Bank Guarantees / Fixed Deposit Receipts, issued by State Bank of Saurashtra, will be given till maturity and all the instruments shall be deemed to be issued by State Bank of India.

 

Members are requested to take note of above.

 

For any further clarifications members may contact the following officials of the Clearing Corporation:  Mr. Vivek Singhvi, Mr. Abhijeet Shinde and Ms. Varsha Dahbara.

Phone Nos.      : 022-26598240

Fax Nos.          : 022-26598243/44

 

 

Yours sincerely,

For National Securities Clearing Corporation Ltd

 

 

Huzefa Mahuvawala

Manager