January 18, 2013



Sub: Pay-in and Pay-out of funds on Gross Basis in NSE T2T Segment .



All Trading Members of the Exchange are hereby informed that pay-in and pay-out of funds in NSE T2T (Trade for Trade) segment will be on Gross Basis and no netting of funds would be allowed in this segment.  (For example if a member purchases and also sells some shares in T2T segment of NSE, the entire purchase amount will be payable as Pay-in and the total sale value will be credited as Pay-out) This is as per the Rules and Policy of NSE.  This would be applicable with immediate effect.



M A V Raju

Deputy General Manager