What are the key requirements set forth in SEBI and NSE Clearing Ltd. circulars regarding the segregation and monitoring of collateral?
- Visibility: The circulars require that client-wise collateral details be visible at all levels (TM, CM, and CC).
- Reporting Mechanism: A reporting mechanism covering both cash and non-cash collaterals must be specified by Clearing Corporations.
- Client Access: Clients should have access to view their collateral details through a designated web portal.