I received this email from [email protected] Could you please help me what is this cash component allocation what does it mean?
TIA
Dear Investor,
In terms of SEBI Circular bearing ref No. SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021, while depositing other forms of collateral i.e. Cash, Fixed Deposits (FDs), Bank Guarantees (BGs) or Government Securities provided through the SGL/CSGL route, etc, the CM shall allocate these collaterals into proprietary account of CM, and/or proprietary account of any TM clearing through the CM, and/or account of any of the clients (including Custodial Participants (CPs)) clearing through the CM, and/or of any of the clients trading through the TM who in turn is clearing through the CM, segment-wise. Accordingly, in compliance with the said requirement of SEBI Circular, Clearing Members are required to allocate collateral placed with the NSE Clearing Ltd. (CC) to the clients.Accordingly, Clearing Member ZERODHA BROKING LIMITED. has allocated cash component as under to Client ID …
** Segment Amount (Rs.)***
** FO …**