1 |
KYC entered into KRA System and CKYCR |
10 days of account opening |
2 |
Client Onboarding |
Immediate, but not later than one week |
3 |
Order execution |
Immediate on receipt of order, but not later than the same day |
4 |
Allocation of Unique Client Code |
Before trading |
5 |
Copy of duly completed Client Registration Documents to clients |
7 days from the date of upload of Unique Client Code to the Exchange by the trading member |
6 |
Issuance of contract notes |
24 hours of execution of trades |
7 |
Collection of upfront margin from client |
Before initiation of trade |
8 |
Issuance of intimations regarding other margin due payments |
At the end of the T day |
9 |
Settlement of client funds |
30 days / 90 days for running account settlement (RAS) as per the preference
of client. If consent not given for RAS – within 24 hours of pay-out |
10 |
Statement of Accounts’ for Funds, Securities and Commodities |
Weekly basis (Within four trading days of following week) |
11 |
Issuance of retention statement of funds/commodities |
5 days from the date of settlement |
12 |
Issuance of Annual Global Statement |
30 days from the end of the financial year |
13 |
Investor grievances redressal |
30 days from the receipt of the complaint |