{"id":284663,"date":"2019-07-27T05:50:06","date_gmt":"2019-07-27T05:50:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284663"},"modified":"2019-07-27T05:59:38","modified_gmt":"2019-07-27T05:59:38","slug":"brokers-hit-hard-as-nse-clearing-blocks-trading-by-ilfs-securities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brokers-hit-hard-as-nse-clearing-blocks-trading-by-ilfs-securities\/","title":{"rendered":"Brokers hit hard as NSE Clearing blocks trading by IL&amp;FS Securities"},"content":{"rendered":"<p>The \u20b9380-crore derivative fraud by Allied Financials is now turning into a major issue for IL&amp;FS Securities. On Thursday, NSE Clearing Corporation (NCC) disabled IL&amp;FS Securities as a clearing member following its inability to make good a few crore worth of pay-in obligations, sources involved in the negotiations told BusinessLine. <\/p>\n<p>This resulted in chaos among stock brokers empanelled with IL&amp;FS Securities as all their trading terminals were put in square-off mode, the sources said. This means they can trade only for unwinding of existing position, and not engage in new trade. <\/p>\n<p>Experts observed that the situation at IL&amp;FS Securities is precarious as brokers and clients are seeking a return of their deposits given as collateral and NCC is routinely pressing the clearing member to make good payment obligations on existing positions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The \u20b9380-crore derivative fraud by Allied Financials is now turning into a major issue for IL&amp;FS Securities. On Thursday, NSE Clearing Corporation (NCC) disabled IL&amp;FS Securities as a clearing member following its inability to make good a few crore worth of pay-in obligations, sources involved in the negotiations told BusinessLine. This resulted in chaos among stock brokers empanelled with IL&amp;FS Securities as all their trading terminals were put in square-off mode, the sources said. This means they can trade only for unwinding of existing position, and not engage in new trade. Experts observed that the situation at IL&amp;FS Securities is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-284663","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284663"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284663\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}