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NO MARGIN PROBLEM IN SETTLEMENTS IN INDIA'S STOCK EXCHANGES: MIN.
NEW DELHI, Oct 1 Asia Pulse - Allaying fears of payment problems in stock exchanges, India's government today said there is no margin problem in settlements, not even in the derivative segment.
"There is no margin problem in settlement, not even in derivatives...You have a system in place to see that there is no problem and settlement is smooth," said K P Krishnan, Joint Secretary in the capital market division of the Finance Ministry.
At a seminar on capital flows, Krishnan said the worrying feature about short-selling overseas is that there it is done over-the-counter, where as in India it is on stock exchanges.
"There is no instance of violation of guidelines of short-selling," he said.
The Finance Ministry official said there is not going to be any direct impact of global financial crisis. "Only indirect impact (is there) and that will be on sentiments and FIIs pulling out," he said.
There are foreign entities with operations in India and Indian entities with relation with these troubled entities, he said, adding, "We have looked into each of these groups and there is not going to be any impact." (PTI)
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