abhishreshthaa
New member
GROSS EXPOSURE LIMITS
NOT TO CONSIDER:
Institutional business, i.e., transactions done on behalf of
scheduled commercial banks,
Indian Financial Institutions,
Foreign Institutional Investors and
Mutual Funds registered with SEBI while computing gross exposure of the members
:SugarwareZ-094:
- The Exchange, has prescribed a ceiling on the gross exposure
(i.e. scrip wise cumulative net outstanding purchases + cumulative net outstanding sales) of members at 15 times of the (base minimum capital + additional capital) deposited by them with the Exchange.
- The members are also flashed warnings as soon as they reach 50%, 70% and 90% of their gross exposure limits and when a member crosses 100% of the gross exposure limit, a message is flashed on the terminals stating "GROSS EXPOSURE LIMIT EXCEEDED" and the same are automatically de-activated.
- The terminals in such cases, are re-activated only after they deposit additional capital to cover their exposure in excess of the Gross Exposure limit.
NOT TO CONSIDER:
Institutional business, i.e., transactions done on behalf of
scheduled commercial banks,
Indian Financial Institutions,
Foreign Institutional Investors and
Mutual Funds registered with SEBI while computing gross exposure of the members
:SugarwareZ-094: