ProStocks charges and collect span margin, premium margin, assignment margin, exposure margin, additional exposure margin and any other margin which may be levied or imposed by Clearing Corporation/Exchanges/Professional Clearing Member ProStocks will report margin shortfall, if any, to exchanges on daily basis. Monitoring their position and maintaining adequate margin is the responsibility of the client.
In case of short collection/availability of margin from client, ProStocks will report to Exchange/Clearing Corporation and The following penalty shall be levied in case of short reporting by trading/clearing member per instance.
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Short collection for each client
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Penalty percentage
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(< Rs 1 lakh) And (< 10% of applicable margin)
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0.5%
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(= Rs 1 lakh) Or (= 10% of applicable margin)
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1.0%
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If short/non-collection/short availablility of margins for a client continues for more than 3 consecutive days, then penalty of 5% of the shortfall amount shall be levied for each day of continued shortfall beyond the 3rd day of shortfall.
If short/non-collection of margins for a client takes place for more than 5 days in a month, then penalty of 5% of the shortfall amount shall be levied for each day, during the month, beyond the 5th day of shortfall.
Notwithstanding the above, if short collection of margin from clients is caused due to movement of 3% or more in the Nifty 50 (close to close) on a given day, (day T), then, the penalty for short collection shall be imposed only if the shortfall continues to T+2 day.
