brokers norms

Margin

The MEMBER may insist the CLIENT to deposit interest-free margin money as a percentage of the price of securities proposed to be purchased, unless the CLIENT already has an equivalent credit with the MEMBER.
The MEMBER may insist the CLIENT to deposit interest-free margin money as a percentage on the price of securities proposed to be sold, unless the MEMBER has received from the CLIENT the securities in its pool account prior to such sale or has received the securities with valid transfer documents to the Member’s satisfaction prior to such sale.
The CLIENT authorizes the MEMBER to set off a part or whole of the Margin i.e by way of appropriation of the relevant amount of cash or by sale or transfer or pledge of all or some of the securities which form part of the margin, against any dues of the CLIENT in the event of the failure of the CLIENT to meet his obligations.
In case where the payment by the CLIENT towards the margin is made through a Cheque issued in favour of the MEMBER, any trade(s) would be executed by the MEMBER only upon realisation of the funds of the said Cheque or at the discretion of the MEMBER.
The CLIENT agrees and authorizes the MEMBER to determine the market value of securities placed as Margin. The CLIENT undertakes to monitor the market value of such securities on a continuous basis. The CLIENT further undertakes to replenish any shortfall in the value of the margin consequent to a fall in the market value of such securities placed as margin immediately whether or not the MEMBER intimates such shortfall.
The MEMBER may at its sole discretion prescribe the payment of margin in the form of cash instead of securities. The CLIENT accepts to comply with the Member’s requirement of payment of Margin, failing which the MEMBER may sell, dispose, transfer or deal in any other manner the securities already placed with it as Margin or square off all or some of the positions of the CLIENT as it deems fit in its discretion without further reference to the CLIENT and any resultant or associated losses that may occur due to such square off/sale shall be borne by the CLIENT, and the MEMBER is hereby fully indemnified and held harmless by the CLIENT in this behalf.
The CLIENT is responsible for all orders, including any orders that may be executed without the required margin in the Client’s account. If the Client’s order is executed despite a shortfall in the available margin, the CLIENT shall, whether or not the MEMBER intimates such shortfall in Margin to the CLIENT, instantaneously make up the shortfall either through delivery of shares in the event of a sale or credit the required funds in the bank account via wire or personal cheque, cashier’s cheque or money order or account transfer or any other mode.
The Client’s positions are valued at the latest market price available (mark to market) on a continuous basis by the MEMBER. If on such mark to market, the loss incurred by the CLIENT is more than the Margin available with the MEMBER , the CLIENT shall instantaneously pay the additional Margin.

Inactive Clients' Policy

Inactive Client account: Client account will be considered as inactive if the client does not trade for period of one year. Calculation will be done at the beginning of every month and those clients who have not traded even a single time will be considered as inactive, the shares/credit ledger balance if any will be transferred to the client within one week of the identifying the client as inactive. The client has to make written request for reactivation of their account

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)The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.
)The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
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B. N. Rathi Securities Limited is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you; we receive from you, on the Internet.

In general, you can visit B. N. Rathi Securities Limited on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed, etc. B. N. Rathi Securities Limited uses this information to measure the use of our site and to improve the content of our site. Your accessing our site signifies your unconditional consent to allow the collection of your domain names.

There are times, however, when we may need information from you, such as your name and address. When information is needed, we will try (but are not obligated) to let you know at the time of collection, how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account information. Occasionally, we may make the e-mail addresses, of those who provide information, available to other reputable organizations whose products or services we think you may find interesting. In these cases, you will be offered an opportunity to limit access to your information. In case we do not receive any response from you to limit the access of your information, it shall be deemed that you consent to such distribution of your information as mentioned above.

If you register with one of B. N. Rathi Securities Limited business units on-line, they may use this information to provide you with custom information about B. N. Rathi Securities Limited offering in support of your business needs. A technology called cookies may be used to provide you with tailored information. A cookie is a tiny element of data that a web site can send to your browser, which may then be stored on your hard drive so we can recognize you when you return. You may set your browser to notify you when you receive a cookie. Registering with any B. N. RATHI Securities Limited business unit online signifies your unconditional consent to receive such cookies.

At times we conduct on-line surveys to better understand the needs and profile of our visitors. When we conduct a survey, we will try (but are not obligated) to let you know how we will use the information at the time we collect information from you on the Internet.

You recognize and understand that there is no compulsion on you to provide us with your personal information and any and all personal information provided by you to us is with your full consent, own volition and desire to provide such personal information. You also understand that we are under no obligation to verify the source from which the personal information about you is provided to us, and they are deemed to be provided by you, unless you demonstrate to us within a period of fifteen days from the date of providing of such information to us, to our satisfaction, that the information was provided to us is without your free consent.

B. N. Rathi Securities Limited's Web site may contain links to other sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites

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