Can different brokers who usually are not giving the choice of declaration to shoppers sq. off the prevailing positions suo moto with out confirming whether or not the consumer has any underlying contracted publicity ?? Declaration choice not given by different brokers then how can they auto sqaure off current positions on 04 Apr EOD…
SIR kya amm insan 100-200 lot wala commerce kr payega forex me ya nhi ?
there can’t be equal vale of hedge, in fairness additionally there’s a danger even after hedge, it’s wall of bush no strong safety, search – dictionary that means of hedge
Rohit_Khanna1:
On this publish you talked about “we must resort to closing place” however now you’re mentioning zerodha won’t sq. of any current place. Please make clear.
We won’t. We are going to let customers determine and shut positions themselves.
I urge everybody to shut there positions by tomorrow specifically if you’re an choice vendor. You might assume that giving declaration would offer you time and you’ll shut at your personal fee however take into consideration the liquidity. Most likely liquidity will utterly vanish. Right this moment 82.75 Could PE went from 0.10 to 21. It will create margin calls. Nobody could be able to deliver such form of margins and the choices shall be pressure closed at greater charges. So, whosever holding promote choice place attempt to shut it off tomorrow by giving restrict order equal to one of the best ask value and ready. Hopefully it is possible for you to to exit. Don’t wait until the top of the day as liquidity could vanish by that point. Attempt to do it slowly however steadily
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Mitul_Shah:
Forex contracts paired towards INR has been stopped with out publicity. EURUSD, GBPUSD, JPYUSD are allowed by RBI with out publicity. So now it’s upon zerodha and different comparable brokers to permit their futures. RBI has allowed them lengthy again, however no dealer has began them. I believe its time now.
The clarification we’ve acquired for the second confirms that buying and selling in cross currencies could be allowed. The round additionally says this:
Nonetheless, cross forex is part of the forex derivatives phase. We’re making an attempt to determine tips on how to selectively enable buying and selling in cross currencies whereas maintaining the INR denominated contracts blocked for shoppers who don’t have publicity. Will get again when we’ve got a solution.
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Gautam_kumar:
The govt. doesn’t wish to see any retail merchants making a revenue within the share market
Bhai, muh pe bol rahein hai har login pe that 99% of merchants are dropping cash. Kaunsa retain dealer revenue kama raha hai yaar?
Bhai mai sirf Fairness & forex me commerce krta hu fairness me swing commerce aur forex me choice promoting aur worthwhile hu 1% me aata hu ya ni muje ni pta aur aap is information ke assist me kyu hai yea bhi ni pta bs itna pta hai govmt kisi retail dealer ko worthwhile ni hone dena chhati isliye phle margin scale back hua aur ab forex ban so muje to yea information pathetic and worst decison lga abhi tk ka
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say if i maintain $APPL 0.0000382 shares does it qualify as publicity and it there a sense restrict on how a lot can I commerce on the bottom of this fractional share?DO I want to provide separate disclosure for all of the 4 pairs in questions or only a single disclosure qualifies for all of them
VenuMadhav:
Nonetheless, cross forex is part of the forex derivatives phase. We’re making an attempt to determine tips on how to selectively enable buying and selling in cross currencies whereas maintaining the INR denominated contracts blocked for shoppers who don’t have publicity. Will get again when we’ve got a solution.
Wanting ahead to this @VenuMadhav
As per RBI – (a) The person is allowed to take positions (lengthy or quick), with out having to ascertain existence of underlying publicity, as much as a single restrict of USD 100 million equal throughout all forex pairs involving INR, put collectively, and mixed throughout all Acknowledged Inventory Exchanges;
Observe: Acknowledged Inventory Exchanges shall inform customers that whereas they aren’t required to ascertain the existence of underlying publicity, they have to make sure the existence of a legitimate underlying contracted publicity which has been not hedged utilizing another by-product contract and ought to be able to ascertain the identical, “if required.”
It’s clear right here that as much as 100 million USD underlying publicity is just not wanted…“If required” is clearly talked about by the RBI… it means the retailers who transcend 100 million USD ,they should have a legitimate underlying contracted publicity…
Hello Mohit,
Right this moment’s round on Zerodha is a bit complicated, I submitted my declaration and have Sep 84 CE.want your assist to know I’ll sq. off my place or I can proceed additional.
Please assist
Anurag_Awasthi:
want your assist to know I’ll sq. off my place or I can proceed additional.
You may proceed to carry, however ensure that the declaration is appropriate one, I imply it’s best to actually have publicity as we’re dealing right here with FEMA laws.
Have you ever learn the notification of RBI ?-It’s clear talked about over there that as much as 100 million USD no below line publicity is required…How ever one has to preserve below line publicity ” if wanted”.It means if retailers transcend 100 million USD they should have to provide legitimate underline publicity
Have you ever learn the notification of RBI ?-It’s clear talked about over there that as much as 100 million USD no below line publicity is required…How ever one has to take care of below line publicity ” if wanted”.
“If wanted is clearly talked about by RBI”.If as much as 100 million usd publicity want ni hai…to publicity ka want KB padega jab retailer 100 million usd ok upar jaayega place…It means if retailers transcend 100 million USD they should have to provide legitimate underline publicity