New Process for collateral margin effective from 1st Aug 2020
As per SEBI guidelines effective from 1st August 2020 brokers can accept securities as collateral from
clients only by way of Margin Pledge created in the CDSL depository system.
Key Points to Note
-> Only pledged securities will be available for obtaining margin/limit for trading
-> Collateral shares with us for additional margin/limit will be transferred to respective clients Demat account to comply
Kindly note, that the last date of migration from the existing process of POA based/collateral to margin pledge mechanism of
availing additional margin/limit is 31st August 2020. We will communicate detailed process flow soon.
To read the full SEBI circular
Click here
Please contact us at:
support@angelbroking.com
022-68071111 / 022-42185454
Shriram Transport Finance Corporation & PVR will issue Right Entitlements (REs) to anyone who held its shares as on July 10, 2020. These REs will be temporarily traded on the stock exchanges for some period. You can either use the REs to apply for the rights of shares or you can sell them directly.:
Shriram Transport Finance
• Ratio: 3:26
• Issue Price: Rs. 570
• Issue Period period: July 14-30, 2020
• RE Trading: July 14-24, 2020
Check: Shriram Transport Finance Share Price
PVR
• Ratio: 7:94
• Issue Price: Rs. 784
• Issue Period period: July 17-31, 2020
• RE Trading: July 14-24, 2020
Check: PVR Share Price
Bharat Bond - Series II ETFs between 14th and 17th July
The New Fund Offer (NFO) of the Bharat Bond ETF will open on July 14 and close on July 17.
The ETF will offer two maturities - five years (Bharat Bond ETF April 2025) and 11 years (Bharat Bond ETF April 2031)
to cater to the needs of both short term and long-term investors. Bharat Bond ETF issued by Public Sector Companies and
other Government organizations with a credit rating of AAA such as Power Finance Corporation, REC, Power Grid Corporation
and National Housing Bank, among others.
-Retail Individual Investors (Including HUF/NRI)
-Min: Rs. 1,001 Max: Rs. 2,00,000
-Non-Institutional Investors (Including Corporate/Partnership and Non-retail individuals)
-Min: Rs. 2,00,001 and in multiples of Re. 1/- thereafter.
Please read the Scheme related Information Document
1. All upfront margins are to be collected in advance of trade.
2. Clearing Members are required to collect margins on consolidated crystallised
obligation from its respective Trading Members (TM)/ Custodial Participants (CP) only in the from of cash.
3. T day margins on consolidated crystallised obligations has to be collected by T+1 day.
4. The Clearing Members (CM) shall report segment wise shortfall amount of Crystallised Settlement Obligation
of TM and CP to the clearing corporation in excess of Rs 5 lacs if
the shortfall continues beyond 1 day of the stipulated timeframe.
5. Clearing Member shall be required to have risk management policy covering
collection of margin, procedure for bifurcation of TM proprietary
and client collateral, ratio of cash and non cash collateral, upper
cap on acceptance of securities from a member to avoid concentration risk etc.
For more information read the full
NSE circular
Additional Surveillance Measures (ASM)
In order to safeguard interest of investors, Securities and Exchange Board of India (SEBI) and Exchanges have been introduced various
surveillance measures.
For more information & scrips under ASM, read the full
NSE circular,
NSE Scrips,
BSE circular.
These measures will be applicable from 13th July 2020.