LIEN OF MEMBERS FIXED DEPOSITS WITH THIS EXCHANGE, AS COLLATERALS

 

 

 

 

 

 

 

10th November, 2020

NOTICE

 

SUB : LIEN OF MEMBERS FIXED DEPOSITS WITH THIS EXCHANGE

 AS COLLATERALS

 

 

Trading members are hereby requested to submit the attached undertakings (one time) while depositing   Fixed Deposits issued by Approved Banks, with this Exchange as collaterals.

 

 

 

                                                                         Amit Santra

Manager (Surveillance and Securities)

 

 

Encl. format for undertaking

 

 

 

 

 

 

 

 

 

 

 

 

 

UNDERTAKING

(to be submitted in the letter head of member)

 

As per the Rules, Bye-laws and Regulations of Indian Clearing Corporation Ltd. (hereinafter referred to as “ICCL”) and in terms of the notices/circulars issued by CSE/ICCL/NCL/NSE/BSE/SEBI in this regard, M/s. ................................................................,SEBI Registration No................. and  one of the Active Trading Members of The Calcutta Stock Exchange Ltd., having Business Code ..............  is required to  maintain the requisite collateral with CSE in terms of Rules, Bye-laws and Regulations of CSE/ICCL/NCL/NSE/BSE/SEBI and direction/circular issued by SEBI/ICCL. M/s. ............................., Business Code ...., is interested in depositing Cash, Fixed Deposits and Securities as Collateral with CSE and undertakes that –

a)    We, M/s. .............. (name of Trading member) are depositing the FDRs with CSE/ICCL/NCL/NSE/BSE/SEBI which have been generated from  fund deposits of ours;

b)   the mentioning of PAN No. (of our firm) by the banks on the FDRs is only for the operational convenience of CSE to account for the interest and claim on TDS benefit by us;

c)    we  will be held  responsible for any violation of norms in depositing of FDRs other than those us and out of funds deposits from any other sources;

 

 

(signature and name)

Authorised Signatory                                 

(trade name )                  .