As a part of the membership requirement every member is required to maintain a security deposit of Rs. 25.00 lakhs in the case of Corporates / Rs. 17.50 lakhs in the case of Firms/Individuals. The same may be maintained in any one or combination of the collateral accepted towards liquid assets.

If the security deposit falls below the minimum required level at any point of time, the clearing corporation may initiate suitable action as given below or as prescribed by the relevant authority from time to time.

• If the security deposit shortage is equal to or greater than Rs. 5.00 lakhs, the trading facility would be withdrawn with immediate effect.





• If the security deposit shortage is less than Rs. 5.00 lakhs, the member would be given one calendar week’s time to replenish the shortage and if the same is not done within this timeframe the trading facility would be withdrawn.

In addition, the outstanding positions of such member and/ or constituents, may be closed out forthwith or any time thereafter by the Exchange, at the discretion of the Clearing Corporation, to the extent possible, by placing at the Exchange, counter orders in respect of the outstanding position of such member without any notice to the member and/ or constituents, and such action shall be final and binding on the member and/ or constituents. The Clearing Corporation may also initiate such other risk containment measures as it deems fit with respect to the open positions of the member and / or constituents.

The Clearing Corporation may, in addition to the foregoing provisions, take additional measures like, imposing penalties, collecting appropriate deposits, invoking bank guarantees/ fixed deposit receipts, realising money by disposing off the securities and exercising such other risk containment measures as it deems fit and may further take such disciplinary action as it may deem fit and appropriate in this regard.