I used to be going by the latest Sebi session paper to permit netting for FPIs. In that it was mentioend that :
” In the present system, no margins are collected from the brokers or the custodians in case of FPI trades in money market. “
Isn’t 20% upfront margin obligatory as per Sebi 2019/2020 Peak margin round?
How do these Establishments ( FPI, MF… ) function in money market?
