nbsp 22.What are exact details that the borrower needs to provide to the lender on the securities at the time the securities offered as collateral are frozen?
Option must be available in the system for the borrower to earmark the securities, which he is proposing to offer to the lender as collateral before or during the creation of borrowing transaction. Many lenders would like to see the collateral offered by the borrower before finalizing the transaction. Option must be given in the system for the lender with whom a borrower is negotiating to have access to see the scrips which the borrower is offering and a facility to say whether the scrip is acceptable or not or he can change the margin percentage for example, For example the software industry scrips are volatile so for 100 rupees worth of share, one could give only Rs.30 for a share worth Rs.100.
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