Leading stock exchange BSE said it will compile
database of clients who have failed to make
payments of arbitration awards to the stock
brokers. Accordingly, the exchange has created a separate module in the BSE electronic filing
system (BEFS) wherein the trading members can
submit the details of such defaulting clients to
the exchange. The move comes after trading
members asked BSE to initiate action against the
clients defaulting in making payments to the
members against the arbitration awards.
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