What are different stages of ASM?
During stage I of ASM, following action is imposed – a. 100 \% Margin b. Daily price band of 5 \% or lower. During Stage II, when the security is shifted to trade to trade settlement wherein the settlement shall be on gross basis i.e. delivery based.
What is ASM GSM in Zerodha?
What is ASM (Additional surveillance measures)? The additional surveillance initiative is part of SEBI and the Exchanges initiative to enhance market integrity and safeguard the interest of investors. There are 2 sections of Additional margins – Long term additional surveillance measures.
What is sur surveillance under ASM?
Surveillance actions under ASM framework are without prejudice to the right of Exchanges and SEBI to take any other surveillance measures, in any manner, on case to case basis or holistically depending upon the situation and circumstances as may be warranted. 10) How will the Trading Member be intimated about increase in Margin?
What are the pre-emptive surveillance measures taken by SEBI?
Securities and Exchange Board of India (SEBI) and Exchanges in order to enhance market integrity and safeguard interest of investors, have been introducing various enhanced pre-emptive surveillance measures such as reduction in price band, periodic call auction and transfer of securities to Trade for Trade segment from time to time.
What is SEBI ASM and how does it work?
SEBI has been working continuously with an intent to keep investors safe and put a check for stock brokers / Promoters manipulation of stock prices. SEBI has directed NSE and BSE to introduce additional surveillance measures (ASM) to curb volatility in some of the stock prices.
What is ASM framework under 5\% price band?
As per SEBI new guidelines and as part of ASM framework, it has released a list of 109 stocks where BSE/NSE would put them under 5\% price band (upper or lower circuit) and a 100 \% margin will be applicable to such stocks. As per the ASM framework, stock exchanges would review these stocks on a bimonthly basis.