- Foreign Institutional Investors registered with SEBI.
- Mutual Funds registered with SEBI.
- Public Financial Institutions as defined under section 4A of the
- Companies Act, 1956.
- Banks, i.e., a banking company as defined under Section 5(1)(c) of the
- Banking Regulations Act, 1949.
- Insurance companies registered with IRDA.
All institutional trades in the cash market would be margined on a T+1 basis with the margin being collected from the custodian upon confirmation of trade. These trades would be identified by the use of Custodial Participant (CP) Code at the order entry.
Custodian has to confirm these trades if it is not confirmed then these trades shall be treated as normal trades and applicable margin shall be levied on these trades. Members can enter order by selecting order as INST and keeping Custodial Participant (CP) Code as blank at the time of entering orders on behalf of the institutional clients and they have to allocate these trades to the above categories.
Margins shall be levied on client level on the members who have executed Institutional Trades which have been not accepted or rejected.