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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Margin Providers ask clients to pay back cash for default board shares

Margin Providers ask clients to pay back cash for default board shares

Go down  Message [Page 1 of 1]

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Extract from communiqué sent today by a margin provider:

Margin Trading Facility-Default Board list

According to the security documents accepted by you, “Shares that are transferred to the Default Board of the Colombo Stock Exchange should be substituted with shares listed in the Colombo Stock Exchange acceptable to the bank or deposit cash in the current account, equivalent to the excess amount if any, arising as a consequence of said shares being transferred to the default board, within a period of 01 week from the date of such shares being transferred to the Default Board”

Following companies have been transferred to the default board by the CSE due to non-submission of annual reports for the financial year of 2012/13 effective 12.09.2013.
ALUF.N0000
AAF.N0000
ACAP.N0000
CTHR.N0000
CIFL.N0000
CFT.N0000
CPRT.N0000
EAST.N0000
HUEJ.N0000
KZOO.N0000
LCEM.N0000
MIRA.N0000
OFEQ.N0000
OGL.N0000
PARA.N0000
PCH.N0000
PCP.N0000
PCHH.N0000
PMB.N0000
RGEM.N0000
RFL.N0000
SING.N0000
TESS.N0000
AUTO.N0000

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
PCH Razz 

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@rainmaker wrote:PCH Razz 
Dude, Not onyl PCH.. Entire clan have their presence Laughing 
PCHH, PCP, OGL

But why LCEM & ACAP? Rolling Eyes 

zenobia


Manager - Equity Analytics
Manager - Equity Analytics
it looks like those who obtained margin from these providers are punished for the failure of the companies to submit their annual reports in time! who should actually be punished?

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