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Lehman has no outstanding dues: BSE

Source: PTI
September 16, 2008 19:59 IST
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A day after Lehman Brothers filed for bankruptcy, the Bombay Stock Exchange on Tuesday said that the Indian broking arm of the American financial major had no outstanding obligations in the bourse's cash market segment.

There are no outstanding open positions/settlement obligations of Indian entity Lehman Brothers Securities Pvt Ltd currently in the cash market segment, the BSE said.

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LBSPL is one of the trading-cum-clearing members in the cash segment of BSE.

The member shall continue to operate in the cash market segment on pre-pay-in before their trades, the BSE said in a statement in Mumbai.

With a debt burden of over 600 billion dollars, Lehman Brothers yesterday filed for bankruptcy protection from its creditors.

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