Sub. : New Debt Segment (NDS) Auction facility
Attention of Members & Custodians is drawn to Notice No. 20170213-13 dated February 13, 2017 and SEBI Circular regarding Review of Financial close out and Auction framework for corporate bonds traded on the Stock exchanges platform.
Members & Custodians are hereby informed that, Auction facility will be introduced for securities pay-in shortage of NDS segment w.e.f. March 30, 2017. Auction will be conducted on the settlement date as per the settlement calendar.
Auction settlement pay-in / pay-out will be on Auction Day+1 day.
Pay-in : 9:30 a.m. (DP timeline for delivery of securities in auction pay-in will be 9:20 a.m.)
Pay-out : by 11:30 a.m.
Securities not received in auction will be closed-out as per the norms prescribed in the aforesaid circular.
For any further clarifications, Members & Custodians may contact the following officials:-
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Name of Official
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Contact Number
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Email ID
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Ajay Darji
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022-22728468
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ajay.darji@icclindia.com
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Nilesh Shah
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022-22728704
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nilesh.shah@icclindia.com
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Simranjit Kaur Sadana
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022-22725163
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Simranjit.Sadana@icclindia.com
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For and on behalf of Indian Clearing Corporation Ltd.
Sanjay Narvankar
Deputy General Manager
March 29, 2017
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