Monday, March 5, 2001
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BSE denies payment crunch 

Our Markets Bureau  
Mumbai, March 4: Bombay Stock Exchange (BSE) on Sunday sought to reiterate that it is facing no payment crisis.

According to a press release, the last pay-in and pay-out on March 1, 2001, was completed in normal course and the pay-in, in the range of Rs 700 crore is less than one third of the cover available with the exchange at any point of time. The exchange holds over Rs 2,400 crore in the form of capital and margin which is equal to 47 per cent of the outstanding.

Further, the additional volatility margin imposed by the exchange is as per the formula mandated by Sebi.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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