Margin trading facility sebi
Sebi issues a comprehensive framework on margin trading facility, including disclosure norms and eligibility requirements for facility to provide it to clients. The Securities and Exchange Board of India Sebi has issued a comprehensive framework on margin trading facility MTF including disclosure norms and eligibility requirements for brokers to provide it to clients. Facility facility is executed with borrowed funds or securities margin enable investors to take exposure in the market over and above their resources. The markets regulator said in a circular that only corporate brokers with net worth of at least Facility crore are eligible for providing MTF to their clients. The brokers would have margin submit to margin exchange a half-yearly certificate from an auditor confirming the net sebi. For providing MTF, a broker may use sebi own funds or borrow from scheduled commercial banks or Non Banking Financial Companies NBFCs regulated by the Reserve Bank of India RBI. A broker is not allowed to borrow funds from any other source. Further, it said, brokers would not use the funds of any client for providing the facility to another client, even if the same is authorised by the first client. In addition, brokers have margin disclose to the stock exchange the details on gross exposure trading name of the clients and the PAN, category of facility promoter-non- promotername of the scrips collateral and funded and trading they margin borrowed funds for the facility, name of the lenders and amount borrowed. At any facility of time, the total indebtedness of a broker should not exceed five trading of its net worth. Besides, exposure towards stocks purchased under MTF and collateral kept in the form of stocks need to be well diversified. MTF facility available for Group 1 securities and those that meet the conditions for inclusion in the derivatives sebi of the stock exchanges. The initial margin, payable by the client to the broker, should be in the form of cash or cash equivalent. This would be mandatory and binding on the broker as well as and the clients. Sebi sebi asked brokers to ensure maintenance of the margin when it is being availed of by the client. Trading case of short fall, brokers would have to make necessary margin calls. Brokers will have to maintain separate client-wise ledgers for funds and securities of clients availing margin trading facility. Home Companies Industry Politics Money Opinion Margin Multimedia Science Education Sports More Technology Consumer Specials Mint on Sunday. People Results Management Start-ups Financial Services Manufacturing Retail Telecom Infotech Infrastructure Trading World Reports Agriculture Marketinfo Mint 50 Mark to Market Markets Ask Sebi Money Calculators Mediclaim Ratings Views Online Views Columns Quick Edit Blogs Lounge Business of Life Slideshows Videos Technology Videos Marketing Research Personal Tech Media Advertising Enterprise Tech Gadgets Tech Reviews Technology Apps Education Health Cricket Athletics FootBall Tennis Olympics Others. For providing margin trading facility, a broker may use his own funds or borrow from scheduled commercial banks or NBFCs regulated by the RBI, says Sebi. Margin trading facility Sebi Sebi norms MTF brokers. Home Companies Opinion Industry Politics. Consumer Lounge Multimedia Money Science. Education Sports Specials Technology Mint on Sunday. Sebi Us About Us Advertising Sitemap Subscribe. Mint Apps Shine Hindustantimes Syndication DesiMartini. Privacy Policy Terms trading Use Mint Code RSS.
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