NSE Circular No: 996 (09-Nov-09) Close Out Facility by Clearing Member on Behalf of Trading Member
Dear Members,
In continuation of circular no. 093 dated October 22, 2009, you are hereby informed that with effect from November 10, 2009, an online facility is being provided to clearing members in the Futures & Options segment to close out open positions of their trading members whose trading facility is withdrawn for any reason. Such a facility will be provided, subject to conditions specified in the above referred circular, here in below and that as may be specified from time to time.
Further, this facility does not dilute the powers of the Clearing Corporation to close out under its Bye-Laws, Regulations and Circulars.
You are advised to take note of the above. For any further clarifications please contact the following officials of the Clearing Corporation:
Mr. Abhijeet Sontakke, Mr. Atique Khatri & Mr. Purab Sata
Phone Nos: 022-26598214 / 64
Fax: 022-26598242
Email: risk_group@nse.co.in
Yours Sincerely,
For National Securities Clearing Corporation Ltd.
Aparna Bhat
Manager
aparnab@nse.co.in
Date:
Manager
Risk Management Group
National Securities Clearing Corporation Limited
Exchange Plaza,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051
Dear Sir,
This is with reference to your circular no. 996 dated November 09, 2009, you are requested to enable the facility for the day to close-out open positions of the following trading member(s) clearing through us as the trading member(s) has failed to close-out the open positions despite the close-out facility provided to the trading member(s).
| Sr. No. | Trading Member Code | Trading Member Name |
|---|---|---|
Thanking you,
Yours sincerely
Authorised Signatories
CM Name:
CM Code:
Name: Designation:
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