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Process Of Early Pay-In Of Securities/Funds In Equity Cash Segment.

Members of the Exchange are hereby informed, that an additional facility of Early Pay-in of Securities (EPN) and Early Pay-in of Funds (EPF) without requirement of uploading .EPN and .EPF files for client details is also being provided to members.

At present, for availing margin exemption through early pay-in of securities the members effect early pay-in of securities in Depository system and upload .EPN file for client details. In case of early-pay-in of funds members effect funds transfer from their Clearing Banks in ICCL Settlement Account and upload .EPF file for client details.

In this connection, members may note the following :

  • In case of early pay-in of securities done by a member without .EPN file the benefit of early pay-in would be provided by the system on the clients’ scrip-wise net sale positions for a member.
  • In case of early pay-in of funds done by a member without .EPF file the benefit of early pay-in would be provided by the system on proportionate basis on the clients’ net purchase positions for a member.
  • However, members are required to pass on appropriate early pay-in benefits of margin exemption to the respective clients.
  • Subsequently, during market hours if client details (i.e .EPN/.EPF files) are received from the member, the system will re-allocate the early pay-in of securities / funds based on such files.

All other processes pertaining to Early Pay-in of Securities and Early Pay-in of Funds would remain unchanged.

In case of any clarification members may contact their respective Relationship Manager or following officials:

Sr. No. Name Contact No. Remarks
01. Mr. Ajay Darji 2272 8468 Queries related to Early Pay-in of Securities
02. Mr. Nilesh Shah 2272 8704 Queries related to Early Pay-in of Securities
03. Ms. Simranjit Sadana 2272 5163 Queries related to Early Pay-in of Securities
04. Mr. Nishil Lalan 2272 8567 Queries related to Early Pay-in of Funds
05. Mr. Rayan Menezes 2272 8467 Queries related to Early Pay-in of Funds

For and on behalf of Indian Clearing Corporation Ltd.

Asst. General Manager.

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ATTENTION INVESTORS

  • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • Pay 20% upfront margin of the transaction value to trade in cash market segment.
  • Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  • Check your Securities / MF / Bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day.” – Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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