Update on Peak Margin Reporting
Dear Customers, On 1st September 2020 SEBI introduced collection of upfront margins before placing trades in the cash segment vide its circular CIR/HO/MIRSD/DOP/CIR/P/2019/139. It meant that brokers now had to collect VaR + ELM (with a minimum of 20%
Changes in Net Available Margin for Today
Dear Clients. Lot of clients see "Adhoc Margin" blocked from your Net Available Margin today and hence are not able to trade. I would like to explain this in detail. Read our forum announcement regarding the circular on "Collection of upfront margin". From today September 1st upfront margin and Pledge for margin process is implemented. As today is the first day there are practical issues which we faced and hence we had to block margin. 1. Credit of shares sold can only be given if we as a broker
New Process on Creation of Margin Pledge
Dear Customer, I wish to draw your attention to a very important SEBI circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated 25th February 2020, which mandates that collaterals shall be collected from clients in the form of securities, only by way of ‘margin pledge’, created in the Depository system in accordance with Depositories Regulations. This simply means that if you want to avail margin benefit for trading using your shares as margin, then you can do it only via pledging your shares in favour
Streamlining Pledge and margin Process
Dear Customers, Both yesterday and today a lot of clients could not enjoy margin benefit as the new pledge process is implemented. Instead of getting positive margin to trade, most of you got negative margin raising doubt on the platform. Yesterday, I also wrote on "Changes in Net Available Margin for Today" explaining the issues we were facing and the causes responsible. Now, I am listing down measures we are taking between today and tomorrow to streamlining the pledge and margin process so that
Introducing an all-new Trading Experience
Recently, 5paisa mobile app crossed 5 Million downloads. Therefore, I would like to begin by thanking each one of you for making 5paisa mobile app the highest downloaded app in the broking industry. We started our journey with a ‘mobile first’ strategy and these milestones serve as great vote of confidence that our efforts are in the right direction. Today 5paisa offers a power packed investment experience on a single app from account opening to trading to portfolio management to reporting. Not just
Sell authorization for MF redemption order for Non-POA customer
With the objective of enhancing security for all transactions in mind, regulatory bodies and exchanges have been adding layers of security to the trading and investment processes. In compliance with guidelines set by the regulatory bodies, Our mutual fund redemption process has also witnessed a few revisions. These changes are applicable only for our Non-POA (Power of attorney) customers. A Non-POA customer will have to complete an authorization before placing a mutual fund redemption order here
Increase in margin in Commodity segment
Dear Customer, As we are aware that present market situations have been quite un-predictable more specifically having experienced the drastic fall in the prices of crude oil on the expiry date on account of the current COVID – 19 scenario and the impact it had on the clients as well as the brokers thereafter, we have decided to enhance the applicable margins on certain contracts in the Commodity derivatives segment. Accordingly, on all open contracts in Crude Oil, Natural Gas and Crude Palm
Insights- January 2020 Newsletter
Welcome to Insights, your very own platform to know what we have been upto in the month gone by. Here is what December was all about. INTRODUCING TITANIUM PLAN If you are an Active Investor or a Trader then here is our brand new subscription plan for you. With our all-new Titanium plan you can now trade in Delivery for FREE. Not just that, you also get brokerage cashback up to ₹1,000 for trades in all other segments. ZERO Delivery Brokerage ₹1000 brokerage cashback/month Zero DP charges Zero AMC