Raht Security Circular No.: PMEX/MKT, BD&CS/2014/13 March 10, 2014 PMEX Risk Management As an Exchange it is our responsibility to ensure that we have deployed an appropriate Risk Management framework without compromising on the efficiency of our client’s business practices. In the same spirit to facilitate brokers and their clients, PMEX currently takes into account the excess margin amount of a client towards the clearing deposit requirement of the broker arising out of that client’s open interest. Please note that for this consideration to remain applicable, you are now required to obtain written consent/authority from your respective clients. Also, note that the authority letter will be limited and restricted to the extent of the open position(s) of respective client with the Broker. A specimen authority letter is attached with this circular for your reference which must be available for the purposes of PMEX and/or auditors at all times. Please ensure to obtain the required letter from your clients latest by March 31, 2014 as the Exchange may only allow transactions where such consent/authority is available from April 01, 2014 onwards For further information and assistance, please feel free to contact our Customer Support Services by Phone on: 021-35644991- 5 (5 Lines); or by email at: [email protected]. Best regards, Ch.Irshad Ahmad Marketing in PMEX at Rahat Sec Limited. Contact# 042-36303878 Cell 0300-4413729
Posted on: Wed, 12 Mar 2014 07:54:56 +0000
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