> Give-up/Take-up of Repo transaction for settlement through Custodians.
Give-up/Take-up of Repo transaction for settlement through Custodians.
- Lending members/participants can give-up their Repo transactions to the Custodians for confirmation through the give-up/take-up module up to the specified time on the T day. Members/Participants need to send transaction-wise give-up requests to the Custodians for confirmation.
- The Custodians will be required to confirm such given-up entries transaction-wise within the specified time on the same day and should maintain sufficient collateral deposits with ICCL for meeting their obligations and liabilities at the time of confirmation of transaction.
- The pay-in and pay-out of funds and securities shall be through the designated clearing bank account and securities settlement account respectively.