Digital submission of SLB enablement request at NSE from Tuesday

Leading bourse National Stock Exchange (NSE) from Tuesday will introduce a new facility, for trading members, to submit Securities Lending and Borrowing (SLB) scheme enablement request through electronic mode.

SLB mechanism allows short sellers to borrow securities for making delivery.

"In our continuous effort to facilitate trading members, the exchange is pleased to announce one more initiative for members seeking permission for SLB scheme enablement requests through our dedicated electronic member interface 'ENIT' (electronic NSE interface for trading members) to achieve efficient application management," NSE said in a circular.

This facility will be effective from August 30.

Earlier this month, NSE had introduced 'client code modification' facility to rectify any genuine error in the SLB segment.

The facility has been provided to allow modifications of client code only to rectify a genuine error in entry of client code at the time of placing or modifying the related order.