Mumbai: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have both clarified that Lehman Brothers Securities (LBSPL) have no outstanding open positions or settlement obligations currently either in the cash market or in the derivatives segment (of NSE).
According to a press release issued by exchanges, LBSPL is one of the trading and clearing members in the cash and the F&O segments of NSE. The member will continue to operate only in the cash market segment on pre-funding of its trades.
Meanwhile, the capital market regulator is vigilant over the Lehman bankruptcy and Merrill’s takeover by Bank of America. Securities and Exchange Board of India (Sebi) Chairman C B Bhave said, “Sebi is keeping a close watch on the situation. So far nothing that can adversely affect the systems has come up and settlements on the exchanges have gone through successfully.”
Besides, sources clarified that LBSPL is currently handling no major mandate as a merchant banker.
