Whether the securities pledged to Trading Member need to be unpledged while doing the settlement?

Whether the securities pledged to Trading Member need to be unpledged while doing the settlement?

Excess securities (in the form of margin pledge/re-pledge) with a trading member (TM), clearing member (CM), or clearing corporation (CC), after adjustment of the 225% of the margin liability, need not be unpledged for the purpose of periodic settlement.

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