Saturday, October 15, 2016

BSE to compile data on clients defaulting payments to brokers

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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