My Portfolio:

Advantage AxisDirect

In case of F&O trading, Exchange levies penalties on the client's position if the available margin/funds are less than the required margin.

Penalties may also be levied in the following scenarios:

a. F&O Positions taken , if any, without providing adequate margins.

b. Mark to market losses on positions, not paid by the client.

c. Client has sold Options (on T day) and bought Futures (on T day) against the premium receivable (on T+1 day or after

bank holiday) on the options so sold on T day.

d. Client has sold Options (on T day) and bought Options on different underlying (on T day) against the premium receivable

(on T+1 day or after bank holiday) on the options so sold on T day.

e. F&O Positions taken against pending Equity receivables from Exchange.

f. Positions taken against other pending receivables.

g. Trading in specific F&O contracts during ban period.

h. Trading in specific F&O contracts in excess of maximum permissible client wise limit specified by exchange. etc

Any penalties levied by Exchange will be recovered by AxisDirect by debiting the respective client account.

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