Criteria for computation of extreme loss margin raised from 5 pc to

Mumbai, Apr 8 (UNI) Post the 365 point intra-day fall in the sensitive index (Sensex) on Friday, the Bombay Stock Exchange (BSE) today revised the criteria for computation of extreme loss margin (ELM) from five per cent to 7.5 per cent.

This decision was taken after a review meeting with the market regulator Securities and Exchange Board of India (SEBI) as a preventive surveillance measure to ensure market safety and safeguard the interests of the investors, a BSE notice said.

The upward revision in the criteria for computation of ELM shall be effective from April 17, the release said.

All other criteria/norms pertaining to ELM and other types of margins viz VaR, mark-to-market and special margins as applicable at present and all other provisions, will remain unchanged, the release added.

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