SEBI's new move to cut retailers participation in F&O!
- Thread starter headstrong007
- Start date
Submission of important documentation as per new SEBI guide lines
The bank statement should be such that it should commensurate with the positions (15% of the total exposure taken by the client) in the derivative segment.
As per the new norm; All customers are required to renew this mandate on a yearly basis.
- Copy of the Latest ITR acknowledgement with total value of annual income greater than Rs. 1.20 Lakhs clearly specified
- Copy of Latest annual account statement with annual income greater than 1.20 Lakhs
- Copy of Latest document of Form 16 with total value of annual salary greater than Rs. 1.20 Lakhs
- Latest Net-worth certificate issued by any practicing Chartered Accountant with value of net-worth greater than Rs. 1.20 Lakhs
- Latest salary slip with value of monthly salary greater than Rs.10,000/- per month
- Bank Statement for the last 6 months
- Depository Account Holding statement
The bank statement should be such that it should commensurate with the positions (15% of the total exposure taken by the client) in the derivative segment.
As per the new norm; All customers are required to renew this mandate on a yearly basis.
You have to submit one of these documents to trade in derivatives.
If these are the new rules/guide lines along with the proposed increase in margins, I think we are okay. There may be some hit on ROI for futures traders and option writers, but it can be manageable. For option buyers, life is as usual.
If these are the new rules/guide lines along with the proposed increase in margins, I think we are okay. There may be some hit on ROI for futures traders and option writers, but it can be manageable. For option buyers, life is as usual.
Hi
Read that document also carefully...income or dp holding is to be connected to exposure in derivative.
Bank statement should be 15% of total exposure...means for 10 lacs Rs exposure, 1.5 lac Rs is enough..how will they calculate exposure..1 lot exposure is 10 lacs..it may be interpreted that for 1 lot you need to show 1.5 lacs Rs by mean if net worth or bank statement or salary etc eye.. but your exposure s 15% should be shown
In simple terms for trading 1 lot you need to show 1.5 lacs..So every person can decide it's exposure..It's the same linking to your exposure to your income or net worth
It would be not easy..jago Grahak jago...
Broker sey exposure limit poocha
Thanks
Read that document also carefully...income or dp holding is to be connected to exposure in derivative.
Bank statement should be 15% of total exposure...means for 10 lacs Rs exposure, 1.5 lac Rs is enough..how will they calculate exposure..1 lot exposure is 10 lacs..it may be interpreted that for 1 lot you need to show 1.5 lacs Rs by mean if net worth or bank statement or salary etc eye.. but your exposure s 15% should be shown
In simple terms for trading 1 lot you need to show 1.5 lacs..So every person can decide it's exposure..It's the same linking to your exposure to your income or net worth
It would be not easy..jago Grahak jago...
Broker sey exposure limit poocha
Thanks
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