FOR INTRADAY
| Segment |
Equity
|
Futures#
|
Options(Buy/Sell) |
Commodity |
Currency |
|
Leverage Provided
|
Upto 10x for scrips listed
here*.
On all other scrips we provide 1x
|
3x |
1x** |
3x |
3x |
| MTM based
Auto- Sq. Off
%
|
Auto square off at 80% erosion of margin |
Auto square off at 80% erosion of margin |
Auto square off at 80% erosion of margin |
Auto square off at 80% erosion of margin |
Auto square off at 80% erosion of margin |
| Square Off Time |
Anytime after 3:15PM |
Anytime after 3:15PM |
Anytime after 3:15PM |
15 to 0 Mins before market closes |
15 to 0 Mins before market closes |
| Margin Against Stocks |
****After exchange haircut |
****After exchange haircut |
****After exchange haircut |
***After 50% or exchange haircut (whichever is higher) |
****After exchange haircut |
| Equity |
Leverage Provided
Upto 10x for scrips listed here*.
On all other scrips we provide 1x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin
|
Square Off Time
Anytime after 3:15PM
|
Margin Against Stocks
****After exchange haircut
|
| Futures# |
Leverage Provided
3x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin
|
Square Off Time
Anytime after 3:15PM
|
Margin Against Stocks
****After exchange haircut
|
| Option(Buy/Sell) |
Leverage Provided
1x**
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin
|
Square Off Time
Anytime after 3:15PM
|
Margin Against Stocks
****After exchange haircut
|
| Commodity |
Leverage Provided
3x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin
|
Square Off Time
15 to 0 Mins before market closes
|
Margin Against Stocks
***After 50% or exchange haircut (whichever is higher)
|
| Currency |
Leverage Provided
3x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin
|
Square Off Time
15 to 0 Mins before market closes
|
Margin Against Stocks
***After 50% or exchange haircut (whichever is higher)
|
FOR CARRY
| Segment |
Equity
|
Future#
|
Options(Buy/Sell) |
Commodity |
Currency |
|
Leverage
|
1x |
1x |
1x |
1x |
1x |
| MTM based
Auto- Sq. Off
%
|
- |
Auto square off at 80% erosion of margin in a day |
Auto square off at 80% erosion of margin in a day |
Auto square off at 80% erosion of margin in a day |
Auto square off at 80% erosion of margin in a day |
| Margin Against Stocks |
- |
****After exchange haircut |
****After exchange haircut |
***After 50% or exchange haircut (whichever is higher) |
****After exchange haircut |
| Equity |
Leverage
1x
|
MTM based Auto- Sq. Off %
-
|
Margin Against Stocks
-
|
| Future # |
Leverage
1x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin in a day
|
Margin Against Stocks
****After exchange haircut
|
| Options(Buy/Sell) |
Leverage
1x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin in a day
|
Margin Against Stocks
****After exchange haircut
|
| Commodity |
Leverage
1x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin in a day
|
Margin Against Stocks
***After 50% or exchange haircut (whichever is higher)
|
| Currency |
Leverage
1x
|
MTM based Auto- Sq. Off %
Auto square off at 80% erosion of margin in a day
|
Margin Against Stocks
****After exchange haircut
|
-
* We provide limit on specified scrips as enlisted by us. On all other scrips we
provide 1x limit.
-
**For Index Options and Stock Options, available trading range will be for strike price
within +/- 10% of the market price of the underlying index or stock. Further to sell an
option of current month and for strike price near to spot price, limit will be provided
as per limits in Futures.
#EXPIRY ALLOWED FOR FUTURES
|
NSE-Stock and Index Futures
|
Current Month |
Near Month |
Far Month |
|
BSE-Stock and Index Futures
|
Current Month |
- |
- |
|
NSE and BSE Currencty Futures
|
Current Month |
Near Month |
- |
Deposit of Margin in Future and Option Segment
As per exchange
norms, trading member is required to deposit margin in the form of
cash & securities (collateral) wherein cash & cash equivalent (fixed deposit & bank guarantee) component should be at least 50% of
margin. Hence, 50% of the margin amount has to be in the form of cash component,
remaining 50% of the margin can be in the form of securities. The amount considered
against securities is after deducting the exchange haircut. Pledging charges: Rs. 25
per pledging transaction per security.
The approval of securities pledged for margin would be subject to management's
discretion.
Disclosure for monthly/quarterly settlement
Clients whose funds and securities
are maintained on a running account basis will be settled on a monthly or quarterly
basis as per the client preference. At the time of quarterly settlement, the securities
shall be considered after 50% haircut or Exchange VAR whichever is higher against
the margin obligations and outstanding ledger balance of the client.
Auto Cut
In case of any trade experiencing a heavy loss, it will be auto cut at 80% erosion of the
margin amount.
Margin Shortage Penalty
i) Margin shortage Penalty shall be levied as mentioned below. The penalty shall
be charged to the client accounts's respectively.
| Margin Shortage |
Per day penalty as a percentage of Margin Shortage;
|
| (<Rs. 1 lakh) or (< 10% of applicable
margin)
|
0.5
|
|
(>= Rs.1 lakh) or (>= 10% applicable
margin)
|
1
|
|
Where 'Margin Shortage' = Short collection/non collection of margins per client per segment per
day.
|
ii) If short/non collection of margins for a client continues for more than 3 consecutive
days, then penalty of 5% of the shortfall amount shall be levied for each day of
continued shortfall beyond the 3rd day of shortfall.
iii) If short/non collection of margins for a client takes place for more than 5 days in a
month, then penalty of 5% of the shortfall amount shall be levied for each day, during
the month, beyond the 5th day of shortfall.
iv) Notwithstanding the above, if short collection of margin from clients is caused due to
movement of 3% or more in the index (close to close value of Nifty/Sensex for all
equity derivatives) and in the underlying currency pair (close to close settlement price
of currency futures, in case of all currency derivatives) on a given day, (day T), then,
the penalty for short collection shall be imposed only if the shortfall continues to T+2
day.
Margin Plus (Cover Order)
We provide extra leverage on trade done intraday using
Margin Plus product. If an order is placed using Margin Plus option in the trading
software with stop loss within 1.5% of the market price, we can provide leverage 7
times in derivatives segment and upto 22 times exposure limit in equity intraday
trades.
Auto Square Off
All intraday and Margin Plus trades will be auto square off anytime between 15 to 0
minutes before the markets close without any prior intimation.
Charge of Delay Penalty on outstanding amount if Debit not Cleared by T+1 Days
Although the selling in accounts with continuous debits may be done by RMS
division on any day after T+2, normally RMS selling is done on T+5 day. However for all the
debits standing for more than T+1 days, an interest shall be chargeable @18% p.a. on
such debits from date of debit i.e. the purchase date of the stock.
RMS division may sell the stock any day after T+2 days on non-payment, but
normally in the following cases, RMS Division shall sell the stock on T+5 day without any
prior information to Client / Business Associate / Branch:
i) In case of Continuous Debit for last 5 days:
Stock will be sold on T+5 day. For
example, if Debit comes in any client code on Monday 07-Nov-2016 and it is not
cleared by Friday 11-Nov-2016, then stocks of the client will be sold anytime on or
after Friday 11-Nov-2016.
(ii) In case Client's Cheque returns: If a client's cheque is returned by bank due to
insufficient funds, and if Ledger Balance is negative, then stock will be sold up to the
amount of negative Ledger Balance or cheque returned amount, whichever is lower.
Further a penalty of Rs 500/- will be charged in Client's Code.
Disclaimer: TradingBells reserves the right to change the above
policies any time in general or in particular case within the Exchange / SEBI regulations / guidelines.
Please note that RMS Division / Company shall not be liable for any loss arise due to RMS selling as
well as loss in case where RMS Selling may not be done as mentioned above by RMS division, due to
any reason. The company shall not be liable for any loss arising due to failure in auto square off.