MARGIN PLEDGE CHARGES
Dear Valued ClientGreeting of the day!
Thank you for your continued patronage and trust in Nirmal Bang.
In continuation to our communication in accordance SERI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020 in connection with the Pledge and Re-Pledge of securities with Clearing Member / Clearing Corporation.
Please find charges related Margin Pledge Initiation and Release of Securities.
| Type | Charges (POA Clients) | Charges (Non-POA Clients) |
| Margin Pledge Creation/Initiation | INR 10.00 (Per Transaction) | INR 20.00 (Per Transaction) |
| Margin Pledge Release | INR 10.00 (Per Transaction) | INR 20.00 (Per Transaction) |
Warm Regards
Nirmal Bang Securities Private Limited
As an expert in financial services and securities, I bring a wealth of knowledge and hands-on experience to the table. I have a deep understanding of various financial instruments, including margin trading and pledge-related activities. My expertise extends to regulatory frameworks, such as the one outlined in the SERI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020.
Now, let's delve into the information provided in the communication from Nirmal Bang Securities Private Limited regarding Margin Pledge Charges. The document outlines charges associated with Margin Pledge Creation/Initiation and Margin Pledge Release. These charges vary based on whether the client has executed a Power of Attorney (POA) with the company or not. Here are the details:
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Margin Pledge Creation/Initiation Charges:
- For POA Clients: INR 10.00 per transaction
- For Non-POA Clients: INR 20.00 per transaction
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Margin Pledge Release Charges:
- For POA Clients: INR 10.00 per transaction
- For Non-POA Clients: INR 20.00 per transaction
This information is crucial for clients engaging in margin trading or utilizing securities as collateral. It highlights the costs associated with initiating and releasing pledges, emphasizing the distinction between clients with and without a Power of Attorney arrangement.
If you have any specific questions or if there are other aspects of the document you'd like further clarification on, feel free to ask.
