Kathmandu. The Securities Board of Nepal (SEBON) has issued the 'Margin Trading Facility Directive, 2082' with the objective of making the system of buying and selling shares using borrowed funds in the capital market systematic, transparent, and risk-controlled.The new directive clarifies and brings forth regulations covering aspects such as the eligibility, capital, and net worth limits for securities brokers eligible to provide margin trading facilities, the rates for initial and maintenance margins, the process for margin calls and share sales, clearing arrangements, sources of loans, the maximum limit allowed per client, account operation, and information flow.According to the Board, this...