18:56 Nov 15, 2018
CCILCCIL > TripartyRepo > Risk Management

Borrowing Limit and Initial Margin


Borrowing limit for the members is derived based eligible securities deposited by member for Triparty Repo, multiplied by mark to market prices, less hair cut applicable on respective security. The members can borrow up to a maximum of Borrowing Limit including all amounts which are borrowed and outstanding at that point in time. Initial margin is computed at the rate of 0.50% on the total amount borrowed/lent by the members. Triparty Repo members may seek intraday enhancement of BL/ IM by depositing additional collaterals/ Government Securities/ Cash. Similarly, Members may withdraw securities intraday provided they are not utilised for borrowing / initial margin purpose. However, one day prior notice is required for cash withdrawal. 

 

The Borrow limit and Initial Margin are blocked on pre order basis and hence the onus is on the members to ensure prior to placing the order that sufficient BL and IM are available.

 

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