Date:
Client Code: Client Name:
Approval Given By:
Below are the criteria for approved the client on SPAN, Please check the same and confirm:
Entry Criteria :- Customer should have a minimum net-worth of Rs. 25 Lacs / 5 Lacs Income to use the Span Facility and should have minimum deposit/ Share Margin of Rs. 5 Lac.
1. Customer should have a minimum net-worth of Rs. 25 Lacs / 5 Lacs Income to use the Span Facility and should have minimum deposit/ Share Margin of Rs. 5 Lac.
2. Client should be active in F&O Segment only, In case client active in Currency then SPAN Facility will not be allowed.
Terms and Conditions:
1.Client can allow to take position of current month only, (Future Index & Stock with 100% SPAN of Gross Position)
2.In case if Client wish to take position in 3rd and 4th (Far) Month clients has to meet 100% margin (Span + Exposure)
3.Family Credit / Margin will be not consider in case of Margin shortfall
4.Follow up of Margin Shortfall / Debit has to revert within 30 Min or provide the Payment (Cheque Only with T day Date)
5.Clients has to settle their M2M on daily basis before 10.30 AM and ensure to maintain the 100% Cover of Span.
6. If Span Cover comes below 70% then HO RMS may take necessary action.
7. In Absence of above RMS will withdrawal the SPAN facility.
8. SPAN Facility will be applicable for Trading and RMS Selling and Exchange Reporting.
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