SEBI revises haircut on Govt-Securities accepted as collateral

SEBI revises the minimum haircut applicable to the G-Sec deposited by clearing members. Now, there would be 3 minimum haircut slabs depending on the type and tenure of the G-Sec. The haircut would be at least 2 % for treasury bills and liquid G-Sec having maturity period of less than 3 yrs. Minimum 5 % slab for those securities having maturity period of more than 3 yrs. The slab for all other semi-liquid and illiquid G-Sec would be at least 10 %.

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