NSE, BSE clamp down on Refco

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Saturday advised the Indian entities of US-based Refco Inc not to increase their exposures in the capital and derivatives market segment till the implications of the news pertaining to the solvency of Refco Inc are factored.

The Indian entities of Refco Inc""Sify Securities India and Refco Capital India ""have been advised not to increase their exposures in both the market segment as an interim measure till the implications of the news pertaining to the international entity are factored, a release said here.

The exposures of these Indian entities to the exchanges are covered by collaterals as available with the exchange or clearing house, it added.