Before you step into the securities market, you are requested to go through carefully and understand the following:
Account Opening :
- Read and understand and thereafter execute the Member-Client Agreement with your broker setting out the terms and conditions clearly.
- Enter accurate and complete details in the form, fill up all fields. Do not leave any spaces blank.
- All information provided should be factually correct and accurate since this will form the basis of your relationship with Silver Stream Equities Private Limited .
- Please read and understand every annexure in the Registration kit very carefully before signing.
- Please provide accurate Email ID, DP ID and Bank account number.
- The correspondence address should always be updated.
- Please submit your Permanent Account Number (PAN)
- Please understand the utility of maintaining a running account before signing the authorization for the same.
- Ensure that all details are correctly mentioned in the welcome letter sent by karvy after account opening.
Trading :
- Call on the landline numbers of your local branch and give clear and unambiguous instructions while placing orders over the phone. In case you visit the branch office, kindly give your orders in writing.
- Be aware of the risk associated with your Cash Market and Futures & Options positions in the market and margin calls on them. In case of inadequate margin or nonpayment of margin in your account, your positions will be squared off by the Risk Management Team.
- Please bear in mind that while it is our endeavor to inform you in case of a margin call, it is your responsibility to maintain margins. Silver Stream Equities Private Limited . will square up outstanding position in case of shortfall in margin and delay in payments.
- Maintain secrecy of your password in case of Internet trading, since you will be solely responsible for all transactions effected from its usage.
- Change your password every fortnight.
Post Trading :
- Ensure that you receive digital contract notes through E-mail of trades done by you on the same day. If you are not receiving the same, contact E-Broking team immediately..
- Verify all details in contract notes, immediately on receipt. If you find any discrepancy bring the same to the notice of E-Broking team
- All the information provided should be factually correct and accurate since this will form the basis of your relationship with broker.
- Check your email account mentioned in the 'Know Your Client' form daily. All your account related information including trade confirmation and margin calls will be emailed to you.
- Pay the margins within the prescribed time. Collect/pay, your mark to market margins on your positions, on a daily basis, from/to your broker.
- Ensure receipt of payment/deliveries within one working day of payout.
- Deliver the shares in case of sale or pay the money in case of purchase before the pay-in day.
- Make payments; enhance margins through cheques made out in favour of Silver Stream Equities Private Limited only.
- Issue cheques / drafts in the trade name of broker only i.e. Silver Stream Equities Private Limited.