Dated: 14th October 2009
Re: Trading in
Orissa Minerals Development Company Ltd.
Attention of trading members of the Exchange
is invited to the Exchange Notice dated 8th October 2009 regarding
trading of shares of Orissa Minerals Development Company Ltd.,
(OMDC) in demat mode under Trade for Trade segment.
the convenience of trading members the following guidelines have been
framed for trading in the shares of OMDC :
in OMDC will be on Trade for Trade basis that means no netting will be
allowed and the sellers have to give delivery of the share and buyers have
to take delivery on gross basis.
applicable in other Exchanges, trades in Trade for Trade segment will
attract 100% upfront margin.
members may ensure that they have sufficient cash margin in C-Star for
their trading in the shares.
17th October 2009 a banking holiday, the Exchange will accept
additional cash margins on 16th October 2009 after trading
hours (upto 5.00 P.M.) for their trading on 17th October 2009.
the convenience of trading members, the Exchange will consider early
pay-in of securities during the on-line trading on 17th October
2009. This will apply only for
Muharrat Trading on 17th October 2009.
taking margin advantage on early pay-in of securities, trading members
can make early pay-in of securities into CSE Pool Account (available
only in NSDL) prior to their trading on 17th October 2009. The Exchange will check the early
pay-in of securities in CSE pool account and actual trades by members in
OMDC and accordingly arrange for margin benefit on early pay-in of
securities after execution of trades in the scrip.
members may also note that the Exchange has a check at the
order level so that orders for a value of over Rs. 10,00,000/- will not be
accepted by the C-Star system.
Members may place orders in the scrip keeping this check in mind .
For any further clarifications, trading
members may call the undersigned at 2210 2219 during Exchange official hours.