What is the order matching platform in the SLBS?
Answer
Answer
Answer
NSE Clearing provides an automated, screen based, order matching platform to the Participant to execute lending and borrowing transactions. The Participant shall be allowed to put Borrowing / lending orders. Facility is also provided to enter Recall / Repay orders. The orders shall be matched on a price – time priority. The orders placed by the Participant shall be for the lending fee.
The participant has an option to put lend orders; borrow orders, early recall orders and early repayment orders.