As part of Risk Management, Urja Investment Private Limited (“UIPL”) shall set client’s exposure limits depending on the type of securities provided as Margin / available funds in the client’s ledger and the client profile / financial status. Exposure limits are also set based on categories of stocks / position (derivatives) client can trade. Securities that are acceptable as margin and their categorization may be changed by UIPL from time to time at its sole discretion. Further client categorization may also be changed based on various factors including trading pattern of clients, profile / residential status / financial status of client.
UIPL implements below process / policies as a part of regular practice in RMS
- Delay Payment Charges
- Dealing in Penny Stocks (Illiquid Stocks)
- Orders at Unrealistic Prices / Illiquid scrips
- Haircuts on Holding Valuations
- Margin requirements in Futures & Options
Delay Payment Charges
“UIPL” debits client ledger with 18% pa as Delay Payment Charges to clients who fails to settle their out standing Debit Amounts / Margin Requirements. Clients are given time duration of T (Trade Date) + 4 Grace Days (including Saturday and Sundays) to clear the outstanding by mode of payment or to sell of the deliveries. In case where clients fail to clear the debit amount Delay Charges will be applicable. Delay Charges are calculated twice in month. Calculation process for delay charges is from 1st day of the Month to 15th Day of the month and from 16th Day of the month to last date of the month.
Dealing in Penny Stocks (Illiquid Stocks)
“UIPL” restricts its clients to deal in Penny Stocks of stocks identified as Illquid by respective exchanges. Incase if client wishes to trade in such scrip he is permitted to place delivery base orders only and with 100% upfront credit balance available in his Ledger.
Margin requirements in Futures & Options
Any client willing to trade in NSE FAO, MCX or NSE CDS segment needs to update Margin on Upfront basis.
Timer based and MTM based Auto Sqr Off
By implementing this Clients open positions across all segments will get sqr off based on the below mentioned conditions,
Product | |
Pre Sqr Off
|
Sqr Off |
|
|
|
|
MTM |
|
70% |
75% |
|
|
|
|
Timer |
Equity |
3:15 PM |
3:20 PM |
|
Currency |
4:45 PM |
4:50 PM |
|
Commodities |
11:15 PM |
11:20 PM |
Precautions / Notes.
1. Client will not be able to place any order after he enters Pre Sqr Off Mode.
2. All Pending Orders will get cancelled and Open Positions will get Sqr off as per above criteria.
3. Dealers can do Position Conversion before timer based Sqr Off Trigger.
4. Dealers need to enter orders by selecting one the below options from Order Entry for –
a. CNC
i. Equity - Delv
ii. NSE FNO, Currency & MCX – Carry Forward
b. Intraday
i. Equity – Margin
ii. NSE FNO, Currency & MCX – Intra Day
- Please Note - Company may change the terms and conditions or add new terms and conditions at any time, with or without cause, and without giving you notice. In addition, company may suspend, cancel, add, modify or delete any feature offered in connection with your PLAN at our sole discretion at any time, with or without cause, and without giving you notice.