Dated: 4th March 2009

NOTICE

 

Re: Procedure for paying Temporary Cash Margin for trading under BSE-CSE arrangement

 

Trading Members willing to pay / enhance their Temporary Cash Margin for their trading under BSE-CSE arrangement may do so by any of the following methods.

 

1.       Instruction by trading members to the Exchange for collecting margin from their Settlement Account:

 

Under this method, Trading Members may submit a letter to the Margin Department of the Exchange for debiting their Settlement Account with the requisite amount of margin.  Upon receipt of the letter, the Margin Department shall send a debit advice to the Bank.  The members’ margin limit shall be enhanced upon receipt of the confirmation of the credit in the Margin Account of CSE. 

 

Under this procedure, it may take about an hour to update the margin limit in the system.

 

2.       Instruction to HDFC Bank for crediting the margin to CSE’s Margin Account:

 

Members may instruct HDFC Bank, Stephen House Branch and arrange to credit CSE Margin account No-0970620000014 and send the intimation to this effect to the Margin Department of the Exchange.  Members may arrange to send such intimation to the Margin Department either by hand delivery or through Fax 033-22307209/033-22102223 or through e-mail at accounts@cse-india.com or dgmaccounts@cse-india.com

 

Updation in the system shall be made upon confirmation from the Bank and it may take about 15 minutes from the receipt of the intimation from the trading members.

 

3.       Transfer of the fund to CSE Margin Account through Net Banking facility of the HDFC Bank

 

Members may arrange to transfer the margin amount to the Exchange Margin Account No. 0970620000014 maintained with HDFC Bank, Stephen House Branch, through Net Banking facility and arrange to send the intimation to the Margin Department either by hand delivery or through Fax 033-22307209/033-22102223 or through e-mail at accounts@cse-india.com or dgmaccounts@cse-india.com. 

 

Updation in the system shall be made upon confirmation from the Bank and it may take about 10 minutes from the receipt of the intimation from the trading members.

 

 

 

CEO & Managing Director