Margin requirement for Corporate Debentures (Debt) is computed by the CSE Clear pursuant to trades executed on the Spot Board in respect of each Clearing Member, taking into consideration the settlement risk arising from such transactions carried out by the Clearing Member.
The margin requirement will be applicable for a Clearing Member in the event the aggregate value of the purchases executed by such Member on the Spot Board on a given market day equals or exceeds Rupees ten (10) Million.
Margin requirement will not be computed for trades executed on the Tom Board