The Deliver Conditions given below are in favor of Client and we expect that Client will follow the same for better understanding and security.
The Client agrees to pay to Choice Trade Security Broking brokerage, commission, fees, service tax and other taxes and transaction expenses as they exist from time to time and as they apply to the Client's account and transactions, and the services that he receives from Choice Trade Security Broking.
A schedule of brokerage, fees and commissions, applicable service and other taxes and other transaction expenses shall be provided by Choice Trade Security Broking to the Client from time to time upon request by the Client.
The Client agrees that none of the services available on the website shall amount to investment advice on the part of Choice Trade Security Broking.
The Client agrees that in the event of Choice Trade Security Broking or any employee or official of Choice Trade Security Broking, providing any information, recommendation or advice to the client, the client may act upon the same at the sole risk and cost of the client, and Choice Trade Security Broking shall not be liable or responsible for the same.
Choice Trade Security Broking, and its officers, directors, partners, employees, agents and affiliates will have no liability with respect to any investment decisions or transactions of the client.
All orders for purchase, sale or other dealings in securities and other instructions routed through the Choice Trade Security Broking’s Online Trading System via the Client’s Username shall be deemed to have been given by the Client.
The client agrees to provide information relating to customer user identification number, and such other information as may be required while placing orders on the telephone to determine the identity of the client.
The orders and instructions and all contracts and transactions entered into pursuant thereto and the settlement thereof will be in accordance with the Exchange/SEBI Provisions.
The client agrees Choice Trade Security Broking may impose scripwise surveillance or such other conditions as to scripwise limits, etc. The client also understands that Choice Trade Security Broking may impose various surveillances which may differ from client to client on the basis of the Choice Trade Security Broking’s risk perception and other factors considered relevant by Choice Trade Security Broking.
The client agrees that all orders placed through the website shall be forwarded by the system to the Exchange. All orders placed otherwise than through the website shall be forwarded by the system to Exchange terminals or any other order execution mechanism at the discretion of Choice Trade Security Broking. In the event that the order is placed during the trading hours, it shall be routed to and executed on the market system.
Online confirmation will be sent to the client by electronic mail or SMS after the execution of the order, trade and this shall be deemed to be valid delivery thereof by Choice Trade Security Broking. It shall be the responsibility of the client to review immediately upon receipt, whether delivered to him by electronic mail or any other electronic means all confirmations of order, transactions, or cancellations. It shall be the responsibility of the client to follow up with Choice Trade Security Broking for all such confirmations that are not received by him within a stipulated time.
The client shall bring any errors in any report, confirmation or contract note of executed trades (including execution prices, scripts or quantities) to Choice Trade Security Broking’s notice in writing by an electronic mail, SMS or telephone within twenty four hours of receipt of the concerned report, confirmation or contract note.
Any other discrepancy in the confirmation or account shall be notified by the client to Choice Trade Security Broking in writing via electronic mail or SMS or telephone within twenty four hours from the time of receipt of the first notice. In all cases, Choice Trade Security Broking shall have a right to accept or reject the client’s objection.
Choice Trade Security Broking may, at its sole discretion, reject any order placed on the website or in any other manner due to any reason, including but not limited to the non-availability of funds in the trading account of the client, non-availability of securities in the Demat account of the client with a designated depository participant, insufficiency of margin amount if the client opts for margin trading, suspension of scrip- specific trading activities by or on an Exchange and the applicability of circuit breaker to a scrip in which orders are placed.
The client is aware that the electronic trading systems either at the Exchange or in the office of Choice Trade Security Broking offices are vulnerable to temporary disruptions, breakdowns or failures. In the event of non- execution of trade orders or trade cancellation due to the happening of such events or vulnerabilities due to failure / disruption / breakdown of system or link or any reason which relates to technical failures, Choice Trade Security Broking shall be entitled to cancel relative request/(s) with the Client and shall not be liable to execute the desired transactions of the client’s. In such event, Choice Trade Security Broking does not accept responsibility for any losses incurred / that may be incurred by the Client due to such eventualities which are beyond the control of Choice Trade Security Broking.
The client agrees to abide with and be bound by all the rules, regulations and bye-laws of the Exchange/SEBI, as are in force pertaining to the transactions on his behalf carried out by Choice Trade Security Broking and the orders placed by him on the website or any other manner.
Choice Trade Security Broking may allow/disallow client from trading in any security or class of securities, or derivatives contracts and impose such conditions including scrip-wise conditional trading for trading as it may deem fit from time to time.
Please square off all your open Margin / Intraday positions ( Placed with Margin & Intraday Product) in all segment before 30 minutes of market closing,or otherwise it will be squared off automatically at anytime before 30 minutes of closing of the market. We shall attempt to close the Margin positions that are still open after the above time respectively, but we cannot guarantee complete Square off. In view of the above, we cannot be held responsible for any losses or auction losses arising from the Intraday Margin positions that could not be squared off or squared off by the end of the day.
If you are trading offline also, please instruct your Dealer about 'Margin' or 'Delv' in EQ segment and ‘IntraDay’ or ‘CarryForward’ in Future segment while placing an order offline. All trades placed with 'Margin' or ‘IntraDay’ product will be squared off automatically before 30 min. of market closing in the respective segment.In case of specific instructions not received by the client all orders will be treated in general, as for intraday and placed with margin product and in some cases it will deemed to be the 'Carryforward' as per the discretion of Choice Trade Security Broking.
Please Note : Intraday Margin Positions (Margin/Intraday) can be converted to Delivery (Delv - Cash Segment) or (CarryForward - In Derivative Segment) before 30 minutes of market closing.
Note : Trading Desk no. for online clients at INDORE H.O. 0731-6644104-105-107 (For EQ segment) and 141-142 (For Commodity segment).
Please Call at 0731-6644150-151-152-159-160 (EQ) and 145-146 (Commodity) for queries regarding Auto-sq-off, if any.
The Client agrees and undertakes to immediately deposit with Choice Trade Security Broking such cash components, securities or other acceptable security, which Choice Trade Security Broking may require as margin. The Client agrees that Choice Trade Security Broking shall be entitled to require the Client to deposit with Choice Trade Security Broking a higher margin than that prescribed by the Exchange/SEBI. Choice Trade Security Broking shall also be entitled to require the Client to keep permanently with Choice Trade Security Broking a margin of a value specified by Choice Trade Security Broking so long as the Client desires to avail of the Online Trading Service of Choice Trade Security Broking.
The Margin will not be interest bearing. Choice Trade Security Broking shall have, at its sole discretion, the irrevocable right to set off a part or whole of the Margin i.e., by the way of appropriating of the relevant amount of cash or by sale or transfer of all or some of the Securities which form part of the Margin, against any dues of the Client or of a member of the group of the Client (for the purposes of these Terms, "Group" shall mean all the individuals, group companies, firms, entities and the persons as specified in the schedule to the Member Client Agreement) in the event of the failure of the Client or a member of the Group of the Client to meet any of their respective obligations under these Terms. Choice Trade Security Broking may at its sole discretion prescribe the payment of Margin in the form of cash instead of or in addition to margin in form of securities. The Client accepts to comply with the requirement of Choice Trade Security Broking with regards to payment of Margin in the form of cash immediately. Without prejudice to the stock broker's other rights (including the right to refer a matter to arbitration), the stock broker shall be entitled to liquidate / close out all or any of the client's positions for non- payment of margins or other amount, outstanding debts, etc., and adjust the proceeds of such liquidation / close out, if any, against the client's liabilities / obligations. Any and all losses and financial charges on account of such liquidation / closing-out shall be charged to and borne by the client. Position may be squared off on T day, if real time MTM loss for the day is equal or more than 80 % of the available fund and real time value of securities (if decreasing)
Margin Trading facility is also provided by Choice Trade Security Broking to its clients based upon the perceptions and creditworthiness of the clients. Margin trading facility includes trading with borrowed funds/securities which is allowed by Choice Trade Security Broking..
The client agrees to abide by the exposure limits, if any, set by the stock broker or by the Exchange or Clearing Corporation or SEBI from time to time.
Any reference in these terms to sales or transfer of Securities by Choice Trade Security Broking shall be deemed to include sale of the Securities which form part of the Margin maintained by the Client with Choice Trade Security Broking. In exercise of Choice Trade Security Broking's right to sell securities under the Agreement, the Client agrees that the choice of specific securities to be sold shall be solely at the discretion of Choice Trade Security Broking.
The Client hereby warrants that he is capable of executing the present agreement and that the terms of the present are not in contravention of any rights of any party with whom such client has any agreements, at any time prior to the execution of this agreement.
He agrees to provide and continue to provide all details about themselves as may be required by Choice Trade Security Broking, including but not restricted to PAN Number or Unique Identification Number, and states all details and facts represented to Choice Trade Security Broking are true.
The Client warrants that all or any of the securities deposited by him with Choice Trade Security Broking in respect of margin requirements or otherwise, are owned by him and the title thereof is clear and free of encumbrances.
The Client/s agree to indemnify and hold Choice Trade Security Broking harmless against any loss that may be suffered by it, its customers or a third party or any claim or action that may be initiated by a third party which is in any way the result of improper use of user ID and password by the Client/s.
The Client hereby confirms and warrants that the Client authorises Choice Trade Security Broking to take all such steps on the Client’s behalf as may be required for provisions or to complete or settle any transactions entered into through or with Choice Trade Security Broking or executed by Choice Trade Security Broking on behalf of the Client. However, nothing herein shall oblige Choice Trade Security Broking to take such steps.