In the event where maximum of buy price entered by a client (on PAN basis) is equal to or higher than the minimum sell price entered by that client and if the same results into trades, a penalty shall be imposed on such trades.

Example- 1

Suppose a client places a Sell order for 1000 quantity in Periodic Call Auction stock ‘ABC’ @ Rs.1000 per share. Also, if the same client (on PAN basis) places the Buy order of the same stock ‘ABC’ for the quantity 1000 @ Rs.1000 per share or more in the same session either through ASL or any either broker and if the 700 quantity gets executed during matching session, then the total trade value for the buy order will be 7,00,000 (700*1000) and total trade value for the sell order will be 7,00,000 (700*1000).

The Penalty for the above trade will be:

Example- 2

Suppose a client places a Sell order for 1000 quantity in a Periodic Call Auction  stock ‘XYZ’@ Rs.100 per share. Also, if the same client (on PAN basis) places the Buy order of the same stock ‘XYZ’ for the quantity 1000 @ Rs.100 per share or more in the same session either through ASL or through any other broker and if the 700 quantity gets executed during matching session than the total trade value for the buy order will be 70,000 (700*100) and total trade value for the sell order will be 70,000 (700*100).

The Penalty for the above trade will be: