NATIONAL STOCK EXCHANGE OF INDIA LIMITED

 

Circular No. NSCC/CMP/456                                                   Dated: September 05, 2006

_______________________________________________________________________

                                                                                               

Circular No NSCC/CM/C&S/374 dated September 05, 2006 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

 

 

DOWNLOAD REF NO: NSE/CMPT /7828                                    September 05, 2006

Ref No: NSCC/CM/C&S/374                                                          

To,

All Members / Custodians

Subject:  Change in Margin Rates

 

 This is with reference to our earlier Circular no NSCC/CM/C&S/352 (download ref. no. NSE/CMPT/6673) dated September 20, 2005 wherein in respect of 30 securities the applicable upfront margin rates (VaR Margin + Extreme Loss Margin) were revised to 100%.

 

In continuance of surveillance review and pursuant to the meeting at SEBI, it has been decided that in respect of securities as given in the annexure the applicable upfront margin rates shall be computed based on the VaR grouping of the securities.

 

The above changes shall be applicable from September 11, 2006.

 

Members are advised to take note of the same.

 

In case of any clarifications, members are requested to contact Ms. Pareezad /Mr. Arun / Mr. Aslam / Mr. Shailesh on telephone number 26598266.

 

Yours faithfully,

For National Securities Clearing Corporation Limited

  

 

R Sundararaman

Vice President

 

 

 

Annexure

 

Sr.No

Symbol

Security Name

1

AKSHOPTFBR

Aksh Optifibre Limited

2

ASAL

Automotive Stampings and Assemblies Limited

3

BIRLAERIC

Birla Ericsson Optical Ltd

4

BLUECHIP

Blue Chip India Ltd

5

BSL

BSL Ltd

6

CINEVISTA

Cinevistaas Limited

7

GINNIFILA

Ginni Filaments Ltd

8

GTNIND

GTN Textiles Ltd

9

JAGSNPHARM

Jagsonpal Pharmaceuticals Ltd.

10

KALECONSUL

Kale Consultants Limited

11

KINETICMOT

Kinetic Motor Company Limited

12

KOJAMFIN **

Kojam Fininvest Limited

13

MAARSOFTW

Maars Software International Ltd.

14

MANGALAM

Mangalam Drugs And Organics Limited

15

MANGTIMBER

Mangalam Timber Products Ltd

16

MARALOVER

Maral Overseas Ltd

17

MELSTAR

Melstar Information Technologies Ltd.

18

PARASPETRO *

Paras Petrofils Limited

19

PAVCI

Panasonic AVC Networks India Co. Limited.

20

PENTACOMMU

Pentasoft Technologies Limited

21

SAMBHAAV

Sambhaav Media Limited

22

SABERORGAN

Sabero Organics Gujarat Ltd

23

SOFTPRO

Softpro Systems Limited

24

SRERAYHIST *

Sree Rayalaseema Hi-Strength Hypo Limited

25

TAINWALCHM

Tainwala Chemical and Plastic (I) Ltd

26

TATAVASHIS *

Vashisti Detergents Ltd.

27

TIMESGTY

TIMES GUARANTY LIMITED

28

TVSELECT

TVS Electronics Limited

29

UMITL

Usha Martin Infotech Limited

30

ZENITHEXPO

Zenith Exports Ltd.

 

* Securities are currently suspended

** Security is currently trading in Trade for Trade segment