Dear Patron,

We are delighted to have you associated with us and are committed to providing a seamless and efficient trading experience. To ensure prudent risk management and regulatory compliance, we have outlined our Risk Management System (RMS) Policy below. We request you to carefully read and understand all aspects of this policy before commencing trading activities.

Exposure Limits

• Intraday Exposure: As per NSE/BSE VAR margin rates.
• Delivery Exposure: Up to 2 times the deposited funds.
• Derivatives Exposure: As per SPAN + Exposure Margin requirements.

Position Carry-Forward Restrictions

If the Mark-to-Market (MTM) loss reaches 30% to 50% of the deposited funds during the trading day:

• The account will be marked under Square-Off Mode. Only existing positions may be closed, and no fresh positions will be permitted.
• If the time is after 3:00 PM, open or leveraged positions may be squared off in proportion to the available funds in the account.

Intraday Square-Off

All trades executed under the MIS product will be squared off automatically at 3:20 PM each trading day.

MTM Square-Off

If the MTM loss reaches 85% of deposited funds, all outstanding positions may be squared off.

Conversion of Intraday (MIS) Positions

Before the daily square-off at 3:20 PM, eligible MIS positions may be converted into CNC or NRML positions subject to available funds.

T+3 Based Delivery Square-Off

If payment for purchased securities is not received within three trading days, deliveries may be squared off to the extent of the payment shortfall.

Important Points

1. Securities must be available in our Beneficiary Account before sell limits can be provided.
2. Additional leverage is available only for approved securities.
3. Short delivery obligations remain entirely at the client's risk.
4. Trading in far-month contracts requires special approval.
5. Trading in banned securities is blocked by default.
6. Intraday trading in the Trade-to-Trade segment is restricted as per NSE regulations.
7. Exposure adjustment requests will be accepted only through the Branch In-Charge.
8. Clients should complete product conversions before 3:10 PM.

For any clarification, please contact your Branch In-Charge.

Points to Remember

1. All intraday positions are squared off at 3:20 PM.
2. Accounts reaching 85% loss of deposited funds may be squared off.
3. Losses exceeding 30%–50% may result in exposure reduction or square-off.
4. Unpaid securities beyond three days may be squared off.