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Permitted to recall before the expiry
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Permitted to repay before expiry
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First step is to enter recall transaction in terminal at market determined rate
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First step is to make early repayment of securities to NSCCL A/c. Margin will be
released instantly
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Lender’s TM need to specify it as “Recall”
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Borrower’s TM need to specify it as “Repay”
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Market will view the transaction as regular borrow transaction
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Market will view the transaction as regular lend transaction
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Custody confirmation required
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Custody confirmation not required
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Settlement of fee as well as securities happen on T+1 day
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On successful recall / repay, existing positions are closed & investors have no
obligation to settle on expiry day
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