POLICIES & PROCEDURES

Return of Excess Securities: -

In compliance with SEBI Circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 and FAQ issued by the Exchanges on the said Circular, Client may transfer the Securities in “Client Collateral Account/”Collateral Account” towards the margin Obligations. Excess securities of the clients, if any, held in “Client Collateral/Collateral” Account shall be released to clients along with their funds’ settlement (i.e. once in every 30/90 days) after making necessary retention in accordance with NSE circular NSE/INSP/36889 dated 02-Feb-2018. In case there are no fund payables to clients, securities shall be settled to the client in the same periodicity as consented by the client for the settlement of fund.

Liquidation of Securities in case of Non-fulfillment of client’s funds obligation

In compliance with SEBI Circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 and FAQ issued by the Exchanges on the said Circular, if the client is not able to fulfill Funds Obligations, then the unpaid securities shall be transferred to “client unpaid securities account” either to be disposed-off within 5 trading days from the date of pay-out or may be transferred to client’s demat account as per the Risk Management (RMS) Policy of the “Sunshine”.

Payment Terms:-

As per the SEBI Circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 and FAQ Issued by the Exchanges on the said Circular, the client is required to fulfill the pay-in Obligations on or before T+2 day. If the client fails to meet its funds pay-in obligation on T+2 day, then the securities may be liquidated within 5 days from the Pay-out date or returned to the client as per the RMS policy of the Sunshine. Profit/loss on the liquidation of the unpaid securities, if any, shall be transferred to/adjusted from the respective client account. The losses, if any, Incurred due to liquidation of the unpaid securities shall be adjusted from the other collateral of the client deposited with Sunshine.