Comment on Why the new SEBI circular on margins in cash segment won't affect you

Narayan Joshi commented on 19 Dec 2019, 06:46 AM

I think this circular would benefit Zerodha & its clients, as it has got the NBFC License.
“This circular, issued earlier this year now disallows brokerage firms to pledge client securities to any third party, even if the client hasn’t paid the entire money to purchase the security. Even so that clients aren’t allowed to do an off-market transfer for a loan anymore, it can be done only by marking a pledge to an NBFC directly from client demat, and funds from pledge get credited directly to the client’s bank account. “

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