Incorrect details of brokerage collateral invites scrutiny from NSE

Includes uploading of multiple files with same data, undisclosed granular numbers, and not reporting client data

Brokerages often share incorrect details of the collateral that their clients maintain while trading in the stock market.

The National Stock Exchange has drawn attention to multiple issues in the way that stockbrokers are reporting collateral details. This includes the uploading of multiple files with the same data, not providing granular numbers based on the segment of operation, and in some cases, not reporting the data for certain clients.

The collateral is used to cover capital requirements if the market moves against a trader. It helps safeguard the brokerage against client defaults since the collateral can be used to make