SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, B Wing, First Floor,
224, Nariman Point, Mumbai 400 021
SMDRP/POLICY /CIR -18/2001
March 13, 2001
Managing Directors/Executive Directors/COO
All Intermediaries under Securities Lending scheme-1997
Dear Sir/Madam,
SUB: SECURITIES LENDING SCHEME
SEBI had introduced Securities Lending Scheme to facilitate securities settlement. It has now been decided that the Securities Lending Scheme, 1997 would be applicable only to the transactions under the ALBM & BLESS facilities of NSE & BSE respectively. The securities that have been borrowed already under the scheme other than under ALBM & BLESS shall have to be returned to the approved intermediaries latest by the close business of March 15,2001.
Yours faithfully,
S.V. MURALIDHAR RAO
Dy. General Manager
Secondary Market Department
email: mdrao@sebi.gov.in
