5.4 Bank Accounts

The SEBI requirement of segregation of client funds could, in the futures market, lead to a situation where a large amount of customer funds lie in a current account which earns no interest. This is ultimately a matter to be negotiated between the broker/exchange and the banks. The group recommends however that the segregation rules themselves should not bar the deployment of customer funds in liquid interest earning instruments of equivalent safety.
 
 

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