NATIONAL SECURITIES CLEARING CORPORATION LIMITED

 

CAPITAL MARKET SEGMENT

                                                                                                         

 

Ref. No.: NSCCL/RMG/2007/0541                                                               October 31, 2007

Download No.: NSE/CMPT/9698

 

 

To

All Trading Members,

PCM and Custodians

           

Sub: Categorization and Margins applicable for ‘PSUBNKBEES’.

           

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

 

The security PSU Bank Benchmark Exchange Traded Scheme (PSU Bank BeES) (PSUBNKBEES) 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 61.66% & 5% respectively.

 

The above changes shall be effective for all positions in the rolling segment on and from November 01, 2007.                                                                                                                

                                                                                                                                                  

In case of any clarifications, members are requested to contact Mr.Sachin Pundle / Mr.Atique Khatri / Ms Sayali Gokhale on telephone number 26598266.

 

 

Yours faithfully,

For National Securities Clearing Corporation Limited

 

 

 

Huzefa Mahuvawala

Manager