abhishreshthaa
Abhijeet S
INTRA DAY TRADING LIMITS
:SugarwareZ-256:
- The Exchange has prescribed an intra-day trading limit (i.e. gross purchases + gross sales) of 33.33 times of the base minimum capital + additional capital deposited by the members with the Exchange.
- The institutional business i.e. transactions done on behalf of Indian Financial Institutions, Foreign Institutional Investors and Mutual Funds registered with SEBI are not included.
- Members will receive on-line warning messages when they reach 70%, 80% and 90% of their respective intra-day trading limit.
- When a member crosses 100% of the intra-day trading limits a message is flashed on the terminal which says "CAPITAL ADEQUACY LIMIT VIOLATED" and immediately the terminal of the member gets de-activated.
- It is re-activated only after they deposit additional capital to cover their turnover in excess of the intra-day trading limit.
- A fine of Rs.5,000/- is recovered if a member does not deposit the deficit additional capital on the day of the violation.
:SugarwareZ-256: