CNC Stands for Cash-n-Carry: You can take delivery positions using this product.
Buy transactions will require 100% cash margins and Sell transactions will be allowed based on the Demat holdings available.
Position Conversion: Use this feature to convert your CNC position to NRML / MIS before specified cut off time subject to availability of required margins.
NRML stands for Normal. These are delivery buy transactions in which pre-specified margin (ranging 20% to 100%) is blocked by RSL.
Pre-specified margin can be in the form of free cash balance + Post haircut value of RSL Specified Demat holdings + same day’s sale proceeds.
The balance payment has to be made within T+2 days. If debits are not cleared by T+2 day, Delayed Payment Charges (DPC) will be levied from T+2 day onwards.
If debits are not cleared by T+6 day, RSL will liquidate the positions anytime on or after T+7 day.
If debits are not cleared by T+6 days, further exposure will not be allowed in that particular exchange effective from T+7 day onwards.
At all times during the NRML term (i.e. T day to T+6 day), you need to maintain minimum margin as required and defined by RSL from time to time.
NRML position can be converted to other product (CNC / MIS) during market hours subject to availability of required margin.
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This is with reference to your dealings with us as a client and pursuant to SEBI circular bearing reference number MIRSD/SE/Cir-19/2009 dated Dec 3, 2009 read with NSE circular bearing reference number NSE/INSP/2010/91 dated Feb 3, 2010 and BSE circular bearing reference number 20100203-30 dated Feb 3, 2010, whereby SEBI / Exchange(s) has specified norms for regulation of transactions between the Client and the Stock Broker which has the effect of modifying the procedures governing our business dealings as well as Know Your Client (KYC) executed between us.
In order to comply with the requirements of the said circular, you are requested to furnish the following information which shall be the addendum to the existing Account opening Form executed between us:
The above information has been incorporated in the annexure for SEBI compliance to this letter which you are required to fill, sign and send the same to us on an urgent basis either to the nearest branch or by post at :-
If you have any query regarding the new change, please feel free to call our Customer Care on 3988 6000 or write to us at customer.support@rsec.co.in. Alternatively, please walk in to your nearest Reliance Securities Branch for further assistance.
Reliance Securities Limited Professional Management Consultants, 108 & 109, Murugesa Naicker Complex Greams Road Chennai – 600006,Tamilnadu.
Kindly ensure that the above documents reach us latest by 31st May, 2010 to comply with the SEBI circular, failing which your account will be marked as Inactive for trading.
Thanking You,
Yours faithfully, For Reliance Securities Limited
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