NATIONAL SECURITIES CLEARING CORPORATION LIMITED

 

CAPITAL MARKET SEGMENT

                                                                                                         

Ref. No.: NSCC/RMG/2005/1015                                                           December 19, 2005

Download No.: NSE/CMPT/6967

 

To

All Trading Members,

PCM and Custodians

 

Sub: Categorization and Margins applicable for KERNEX

 

This is with reference to our circular letter no. NSCC/CM/C&S/337 dated May 09, 2005 (Download Ref No. NSE/CMPT/6122), regarding Cash Market - Risk Management Framework

 

The security Kernex Microsystems (India) Limited (KERNEX) shall be categorized under Group III for the purpose of VaR Margins. The VaR Margin & the Extreme Loss Margin rate applicable for the security shall be 43.30 % & 5 % respectively. 

 

The above changes shall be effective for all positions in the rolling segment on and from December 20, 2005                                                                                                                 

                                                                                                                                                  

In case of any clarifications, members are requested to contact Mr. Rajesh B.L.V/ Mr. Arun Krishnamurthy on telephone number 26598266.

 

Yours faithfully,

For National Securities Clearing Corporation Limited

 

 

 

R Sundararaman

Vice President