Client Margin / Short Allocation Reporting
Sign-off date
It shall be 5 working days after the trade date i.e. TMs/CMs shall be allowed to upload client margin/short allocation reporting file up to T+5 working days.
Shortage computation
The margins reported/short allocation shall be compared in the following manner:
a) EOD margin obligation of the client/TM shall be compared with the respective client/TM margin available with the TM/CM at EOD.
AND
b) Peak margin obligation of the client/TM, across the snapshots, shall be compared with respective client/TM peak margin available with the TM/CM during the day
AND
c) Highest of intraday/EOD short allocation amount (after considering excess collateral across segments and the reporting for valid reason codes if any)
Higher of the shortfall in collection of the margin obligations at (a), (b) and (c) above, shall be considered for levying of penalty.
Non-reporting/ non submission of client margin
All instances of non-reporting of client margins by the TMs/CMs shall be treated similar to and as 100% short reporting of client margins and accordingly penalties shall be imposed.
Penalty for short / non-reporting of client margin/short allocation
Penalty shall be levied in case of short/ non-reporting/short allocation by TMs/CMs as specified by the Clearing Corporation from time to time.