SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, B Wing, First Floor,
224, Nariman Point, Mumbai 400 021.
SMDRP/Policy/Cir- 21 /2001
The President/Executive Director/Managing Director Of all the Stock Exchanges
Dear Sir/Madam,
SEBI vide its circular no. SMDRP/Policy/Cir-10/2001 dated February 13, 2001 had advised the stock exchanges that the shares borrowed under Automated Lending and Borrowing Mechanism (ALBM)/ Borrowing and Lending Securities Scheme (BLESS) facility shall be retained with the clearing corporation or clearing house of the exchange.
It is being re-iterated that securities which are lent under the above schemes shall remain deposited with the Clearing Corporation or Clearing House of the Exchange and shall not be sold or substituted during the same settlement.
Exchanges are directed to ensure strict compliance with the above.
Yours faithfully,
P. K. BINDLISH
DEPUTY GENERAL MANAGER,
SECONDARY MARKET DEPOSITORY,
RESEARCH & PUBLICATIONS DEPARTMENT
