SEBI panel for daily refund of excess cash margins

SEBI panel for daily refund of excess cash margins

MUMBAI, APRIL 6: Instead of locking the brokers' funds till pay-out day, the measure imparts a kind of liquidity to the brokers by releasing excess margins, besides bringing down transaction costs, SEBI Executive Director Pratip Kar told newsmen here today.

He said the group also has the mandate to take a relook into the risk management systems in the light of introduction of rolling settlement and derivatives.