Roles of Cse in Bangladesh

Meaning of the terms used in this section - In these regulations, unless the context otherwise requires:Meaning of the terms used in this section - In these regulations, unless the context otherwise requires:

a. “Adjusted due balance mechanism” means the mechanism used by the Clearing House to ascertain the amount receivable from/payable to every member by adjusting the total buy with the total sell of the securities traded on a trading day;

b. “Commission” or “SEC” means Securities and Exchange Commission;

c. "CSE" or “Exchange” means Chittagong Stock Exchange Ltd.;

d. "Clearing House" means the facilities provided by CSE to operate as a center for the clearing and settlement of securities traded in the Exchange;

e. "Contract " means a contract of transaction executed between the Buying Member and the Selling Member in the trading system of CSE;

f. “Depository” means the Depository System providing company registered by the SEC;

g. “Clearing Account” means account as defined in the Depository Bye Laws;

h. “Default” means failure by member to perform a task or fulfill its settlement obligation;

i. “Eligible Securities“ means securities as defined in the Depositories Act, 1999;

j. "Member" means Member of CSE who is registered as the Stock-broker/dealer by the Securities and Exchange Commission.;

k. “Pay in Day” means the day specified in the ‘Guidelines’ on which the member deliver securities and/or cheques/pay order/demand draft for the purpose of settlement of the transaction it carried out on each trading day according to the Settlement Obligation Statement;

l. “Pay out Day” means the day specified in the ‘Guidelines’ on which the member shall receive securities and money for the purpose of settlement of the transaction it carried out on each trading day according to the Settlement Obligation Statement;

m. “Record Date” is the date fixed by the issuer of eligible securities

for taking a record of the name of its shareholders or debenture holders...