ROLE AND FUNCTION OF BROKERAGE FIRM

Services offered - Branch/ Internet

Buying and selling of shares both on NSE and BSE

Derivatives Trading . Margin, trading

Depository services" with NSDL . Facilitating Securities borrowing.

Internet Trading with following facilities:

Research:
Historical financials for 5,000 companies, Give your self the advantage of making
informed decisions' Streaming Quotes: Streaming Stock and Derivatives Quotes
Charting: Charting allows users to view Intra-day and end of the Day prices to
perform extensive Technical analysis
Portfolio:

A comprehensive Portfolio Management Console that allows creation

of multiple accounts
News: Updated Corporate News to predict the market movements based on
external factors IPO To conduct in depth' analysis on new issues

Decision Support Systems(DSS).

On-line Technical Tools

Information on listed companies

Intra-day market information

IMPORTANT REQUIREMENTS
a. By furnishing your email id - receive digitally signed
contract notes, statement of account, DP holdings, statement of transactions,
etc. without loss of time Those who do not avail Internet trading and who have
not furnished email id will obtain these documents from the HO Central
Processing Unit. b. Having a bank account, which is enabled for Electronic Funds
Transfer (EFT) for on-line funds transfer for payout of funds and furnishing those
bank account details shall speed up the transactions.
bank account / DP account / email id

c. Change in address /

must be promptly intimated in writing to

avoid confusion.
d. Internet clients, who are not attached to any branch of Apollo Sindhoori, are
required to compulsorily have their Bank Account with HDFC bank, IClCI, UTI
Bank or cm bank, as they are expected to transfer the funds online and cheques

shall not be accepted. All the Internet clients are expected to either subscribe
Speed E or furnish Limited Po'!"er of Attorney (LPOA) for delivety of stock
against sales.

TRADING
Margin Clients / Cash & Carry Clients Clients are expected to have necessary
upfront margin by way of Base Capital/additional Base Capital/credit balance in
the account, according to the exposure expected to be availed in the equity /
derivatives segment. This up front margin should not be less than the SEBI
prescribed margin viz. Value At Risk (VAR) margin for Equity segment and SPAN
margin for derivatives segment, The base capital can be created by way of
transfer of funds through EFT I Cheque or by way of transfer of specified
securities for margin to ASCIL (Broker) DP account: DP ID : IN301696
DP Name: Apollo Sindhoori Capital Investments Ltd Client Id: 10000117.
The VAR margin and SPAN margin varies for different securities and the lowest
margin is 7% and can go up to a max of 100% and accordingly the client is
allowed exposure between 1 and 7 times. Intra day the SPAN margins are varied
by the exchange depending on the marketwise position ofe the specified security
and the increased margin, if any, imposed by the exchange are required to be
brought in by the client immediately.
The la'test list of securities with haircut which are accepted tow_rds 'base
capital' is available at all our branches or can be accessed at our website
www.apollosindhoori.com The clients also have the privilege of having exposure
on the available credit balance in the account and ASCIL, based on,the day end
exposure, shall transfer the required margin amount from the account balances
to the base capital! additional base capital. The circumstances under which the
base and additional base capital are created are as follows: The base capital is
required for all day traders and margin traders and are to be maintained in cash
subject to

minimum amount of Rs. 5,000 to RS.25,OOO depending on the

client's exposure in equity and derivatives segments. Subject to the minimum

amount, 3% of the Turn Over of the client' for the Equity segment and 20% of
the SPAN margin on the day end derivatives positions are expected to be kept in
Cash in the base capital. ASCIL will periodically review the requirement of the

client's base capital and create /release the Base Capital based on the above set
parameters. Additional base capital are temporary in nature and are required to
be brought in by the client over and above the minimum amount required as
Base Capital for the purpose of exposure and to meet the margin requirements.
The additional base capital can be brought in either in the form of cash,
securities or bank guarantees. Cash and Carry clients are required to bring only
additional base capital or exposure allocation shall be made based on account
balances or only on securities brought in as margins.

Only specified securities are accepted with haircut as additional base capital and
are Adjustable against the Margin Bills (please refer Paragraph on Margin Bill).
Besides the specified securities, certain other securities (nonadjustable specified
securities) are accepted with haircut as Additional Base capital only for intra-day
exposures and are not allowed to be adjusted against the Margin Bills.
a. The change in price of the securities shall result in corresponding increase /
decrease in the value of the base capital and accordingly the exposure will stand
increased / decreased.
b. The list of eligible securities for additional base capital is reviewed periodically
and is available .at the branches with the haircut and the securities that are
removed from the list have to be replaced with the eligible securities.
c. The additional base capital created shall be returned within 24 hours on request
from the client and after ensuring that there is no debit balance in the account
and exposure. The base capital will be returned either at the time of closing the
account or completely stopped margin tradingl day trading. However partial
withdrawal of the base capital will be considered subject to retaining the
minimum base capital.
d. The client can sell the securities submitted for Additional Base capital and the
same will be transferred towards payin obligation.

ORDER ENTRY THROUGH THE BRANCH

While giving the order for purchase and/or sale of security and. for derivatives
the client is expected to specify the exchange and market segment in which the

orders are to be placed. Please check for Market Type of the particular security
such as 'Normal' and 'Trade for Trade' (BE) in NSE and 'Rollover market lot' and
Trade for Trade(T2T) in BSE.
The client shall mention whether the order is for NSE/BSE and in default of
mentioning the same the dealer may decide to place the order in any of the
exchanges. In case of futures, the client is also expected to mention the contract
month and in case of option, the strike price with option type (calli put) .
In the equity market in default of specifying the segment the orders will always
be placed in EQ market segment. All the orders are entered only for the day
unless the client otherwise chooses the following:1. Stop loss order, .
2. Immediate orccancel (IOC)
3. Minimum fill
4. Good till day / days (GTD) for derivatives segment
5. Good till cancel (GTC) for derivatives segment
GTC orders are automatically cancelled by the exchange on
7th day from the date of the order. You are also expected to mention whether
entire ordered quantity to be disclosed or not and in default, the dealer shall
disclose the entire quantity. All orders given during the market time shall be
entered and placed in the respective exchanges immediately on receipt of the
same. In case of orders given during the time when the exchange is closed, all
such orders shall be entered in the bulk order screen and sent to the exchange
automatically within 5 minutes of exchange opening. However such post closing
orders can be cancelled/modified before the opening . session of the next trading
day.

The dealer shall confirm the status of all the orders placed by the client only at
the end of the day, after the market has closed including any order, which has
been not been executed/accepted by the exchange. However in case you would
like to know the status of the order during the trading time, you could telephone
the dealer and get the confirmation of the same. You also can get the net
position for the trades done on the day immediately after the trading hours.

Modification/ca ncellationexchange:
All orders which are confirmed by the exchanges can be modified / cancelled any
time before the order is converted t,_into trade. However such modification /
cancellation will be accepted only during the trading hours. No request for
making such modification/cancellation before trading hours will be entertained.

IMPORTANT REQUIREMENT FOR PLACING ORDERS 1. Before order is

placed for squaring up of existing positions, please check the current positions
2. Order placed during trading hours for Equity in BSE can also get executed in
post closure session. Hence your pending order may still be open after normal
market session is over.
3. Take advantage of Post closing session which allows you to buy and sell shares
for closing positions, both in NSE and BSE.
4. All Options are American style and can be Exercised before expiry date, during
trading hours and if you are sure of favorable positions.
5. If you are a seller of any Options, please check _or the open positions as the
same could have been assigned to you.

6. In case of purchase /sale of shares in T2T Market type in NSE and securities
which are listed under Trade for Trade in SSE, please do not square up the same,
as all sales have

to result in delivery and all purchases have to be paid for. In

case of any dispute/differences in the confirmed orders/ trades executed by the

dealer the nature of the dispute/ differences has to be communicated within 2
hours of receipt of such order/trade confirmation by faX/Email;letter

to the dealer and to the Branch Manager. No oral communication shall be

entertained

under

any

circumstances.

If

within

48

hours

such

differences/disputes are not resolved the client is expected to Email to the

Customer Care Cell at Email IDCare@apoliosindhoori.com

CONTRACT NOTE & TRADE BILL

At the end of the day the Central Processing Unit at Chennai shall process all the
trades done separately for BSE and NSE. Contract notes will be dispatched from
Head office the next day for each exchange and each segment separately. Trade
bills will be provided at the respective branch the next day of trading.
In case of clients, who have furnished email ids, they will be provided with
digitally signed contract notes and trade bill on the same day.

The contract note. will contain the following: Date of execution

Trade

time,Trade

no,Settlement

No,

Security,

tradedQuantity,Execution

rate,Brokerage Transaction Charge,

Service Tax, Net rate.
Trade bill will contain the following: Date of execution
.Settlement No Net Qty Bought Net Quantity sold
Average Rate Transaction charges Service Tax
Amount Due from you Amount Due to you
The Profit/Loss of the derivatives position based on the last traded price, will also
form part of the derivatives Trade Bill.
In case of discrepancies client should inform the same through the branch by
mail or email.

MISCELLANEOUS BILLS:
Miscellaneous bills are raised towards Bank Charges, regular DP charges,
delayed payment interest and any other such charges. These are expected to be
paid along with the regular trade bills.
MARGIN BILLS
The client is expected to have up front margin for all the exposure, both in
Equity and derivatives market, in the form of Base Capital! Additional Base
Capital and account credit balance. In case the upfront margin already paid is

inadequate, where margin has been eroded due to M T M losses or where the
exposure has been allowed based on unadjustable securities available/ brought
in or where additional margin has been imposed by the Exchangeauthorities, the
Margin Bill is raised for the deficit and is required to be paid before
commencement of trading the next day. For this purpose, the branch will inform
the client over telephone (or email) the following morning. However Internet
clients' margin bills shall be sent by mail.
In case of Equity, the delivery for the sales or payment towards purchases are
made before the commencement of the next trading session, the margin bill may
be ignored subject to ensuring that there are no other equity exposures, as VAR
margin and MTM loss are computed for the previous 2 trading days exposures.
rThis will not be reflected in the statement of accounts, as it is computed afresh
everyday cancelling the previous day's margin. However a footnote is made
available in the Staterpent of Account indicating the Margin Bill payable as on
that date.
Margin Default:
If the Margin Bill or _part of it is not paid before the commencement of next
trading session, ASCIL shall square up fully or partially the existing derivatives
positions to the extent of the Margin default amount and in case of Equity, any of
the existing shares and lor the ones expected to be received from the exchange
for which the Margin bill, if any, has been raised, will be sold to the extent of the
Margin default.

ASCll reserves the right fo dispose off or delay the process of sale of the
securities/ square up the existing positions, without assigning reasons. Please do
not assume that ASCIL will automatically exercise the option to square up the
securities or positions.
Pay-in of Funds
A) If Client has an account with any of the following
Banks:
1) HDFC Bank 2) ICICI Bank 3) CITI Bank 4) UTI Bank
Option 1: The Client can directly transfer funds through INTERNET, to the

company's account and send a email (chqdeposit@ascilonline.com) giving the

details of transfer. The Credit will be reconciled immediately.

a) In case of HDFC Bank, CITI Bank and UTI Bank, when a client transfers funds
through Internet, the bank automatically provides the account no. from where
the funds is getting transferred to our account.
b) In case of ICiCI Bank, the Client has to specify his Bank account no. in the
narration when he transfers funds through Internet. as ICICI Bank

doesn't

provide the Bank Account no.

Option 2: The Client doesn't have Internet Facility or he doesn't transfer funds
thru internet. but issues cheques for payin, in such cases the cheque has to. be
handed overeto the nearest Branch.The Client will be given credit on the same
day based on the email received from the Branch and reconciliation will be done
on realization of the Cheques.
B) In case clients with other bank accounts:
Option 1 :The Client should hand over the Cheques/DDs/ Payorders to the
nearest Branch. The Client has to issue only Local Cheques/Locally Drawn
DDs/Payorders.
Option 2:The Client can take DDs/Payorders payable at Chennai & directly
courier to Head office with the details mentioned in a separate paper duly signed
by him.(DD no., DD Amount, Date, Client Code).On receiving the DDs /
payorders, the client will be given credit.
What are the documents the client should provide us in case if he wants to make
payih by transfer of funds thru internet:

If the Client maintains account with any of the following banks

a) HDFCBank
b) ICiCI Bank
c) Citi Bank
'\
d) Uti Bank

. Blank Cheque, duly cancelled, duly signed and

. Xerox Copy of His/Her Bank Statement.
Note: The Client has to provide the above Bank proofs
before he does a Transfer through Internet.
The required proof has to be sent to Registration
Department with a covering letter mentioning the subject to be "Internet Funds
Transfer".
The Letter should also contain:
a) His/Her email ID,
b) Contact telephone No.
C) Cell Number if he has one.
d) The client should duly sign the Covering Letter.
Note: Only those Clients who maintain account with the 4 banks mentioned
above, are allowed to transfer funds through Internet.
Acknowledgement for Fund transfers & Cheque Deposits:
1) In case of Fund transfers thru Internet:
The Client can view his statement of account on the same day to check whether
his account has been credited for the amount transferred by him.
2) In case of Clients other than (1) above:
The Client should demand acknowledgement from the respective Branch, for the
cheques he has handed over to them.
PAYOUT OF FUNDS:
Payout of Funds will be made on receipt of Requests from the clients.
Calculation of Payout:
Payout due = Settlement Due Less Future Debits Less . Margin payable by
Client
Settlement Due:
In case of Cash Market Segment: T +2 working days
(T = Trading Day)
In case of Derivative Segment: T + 1 working day

Working Days exclude Saturdays, Sundays and other

declared holidays by the exchange
a) Payout request from Internet Clients:
1) Payout request directly from Internet Clients:
a) The Client can directly send an email requesting for payout of funds.
The Email should contain the following details:
Client Code, Amount (Payout due Amount will always be calculated as mentioned
above).ln case if the client requires any amount less than the Payout due
amount,he should specify the amount, otherwise the entire Payout due amount
will be released to him.
b) The Client has to necessarily send the payout
request thru email.
2) Payout request from Internet Clients through the
respective Branch The Client can also send his "request for payout of funds to
the nearest Branch
b) Payout request from Non-Internet Clients
All

the

payout

requests

should

be

routed

through

the

respective

Branch/Franchisee/Authorized person. No direct request from the clients will be

accepted. Hence the Clients are, requested to give their payout requests to the
concerned Branches/Franchisee/Authorized person.
Payout of Funds will be processed within 24 hours from the receipt of the
Request, provided the request is made in time
MODE OF PAYOUT OF FUNDS:
Payout-will be made either thru Fund transfer, Cheques, DDs, Pay-orders:
a) Clients having account with any of the following Banks:
HDFC Bank, ICICI Bank, Citi Bank, UTI Bank, Standard Chartered Bank

b) Payout will b_ made directly to the Bank account of the client by depositing

the cheques in the respective account of the client based on the Bank proof
lodged with us.lf the client requests the cheque to be sent to him, then the
cheques will be dispatched to the concerned Branch from where he can collect
the cheques. Clients having account with those banks which is covered by RBIEFT Scheme. Payout will be directly made to the Bank account of the client, thru
RBI-EFT. Provided the client had submitted th,e Bank Proof
. Blank Cheque, duly cancelled, duly signed
. Xerox copy of His/Her Bank Statement
c)In other cases not covered under (a) and (b)
Payout will. be made thru Demand Draft or at par
cheques, or pay orders.
Note:AII the payouts will be made as Account Payee Cheques/Demand
Drafts/Pay orders in the name of the client as registered with us.!n certain
cases,even the Bank name & the Bank account no. (as mapped) will also be
mentioned in the Instruments.
PAY-IN OF SECURITIES
The Pay-in of securities has to be completed on or before next working day of
the trade and it is the responsibility of the client to confirm with the dealer that
the delivery has been received by ASCIL.
ASCIL shall accept pay-in from four different DP accounts o,f the client provided
such DP accounts are already registered in our records.
The client has to fill the DP delivery instruction slip properly giving the CM pool
account number of ASCIL correctly.
For NSE Trades: CMBPID: IN557962
For BSE Trades: CMBPID: IN601847

If any wrong entry is made, there is every possibility that the delivery
going to some other DP. If the client is finding it difficult to fill up the DP
instruction, it is advisable that they take the assistance of our dealers in
filling up the same.
Clients are also advised to refer to the Settlement Calendar details
available with the branch prior to filling the delivery instruction (for
instance settlement type/ number /date)
The settlement calendar, which indicates the dates of the various
settlement related activities, is drawn by the Exchange in advance on a
quarterly basis and is circulated among the market participants. The
settlement calendars so drawn have been strictly adhered to by the
Exchange and there has been generally no case of clubbing of settlements
or postponement of pay-in and/ or pay-out. There will be no deviations
from the-stated calendar.
Th_ delivery instructions can also be executed through NSDL's Speed-E,
which facilitates transfer of securities from your account to the CM Pool
Account through the Internet without submitting physical papers .
FOR INTERNET CLIENTS:
For Internet clients it is mandatory to either subscribe to Speed E or
submit Limited Power of Attorney. The procedure for Speed-A has been
explained above.
We accept Limited Power of Attorney in the name of the company and
wherever the Limited Power of Attorney has been given, the company
automatically takes the delivery from the DP account for meeting the
selling obligations.
The properly filled in DP instructions are to be handed over to our dealer
provided the transfer is from your ASCIL DP account only. However if the
transfer is from an outside DP the instruction slip may be handed over to
the DP and the copy of the DP's acknowledgement may be handed over or
intimated to the dealer, for the purpose of follow-up until the Pay-In time
of the exchange is over.

We register the DP accounts of the clients provided such DP account is in

the name of the client or jointly with any other party only. No third party
DP will be registered in our records for .your PAY-IN, under any
circumstances
PAY IN OF SECURITIES / CROSSINGS
Your securities being sold may be available in the form of Additional Base
Capital, Dues account pending release to your account or already
purchased yet to be received from
_the Exchange and are expected to be received before the PAY-In date
(inter-settlement crossing), we do automatic crossings to meet your
PAYIN obligations in the following manner .However the crossings are
done only for the next day's obligations alone.
- Please do not give crossings instructions for PAY IN Obligations beyond
the next day's obligations.
Pay- In is subject to verification of deliveries. Excess Pay-in of stock will
be released subject to overdue debits.
FOR INTERNET CLIENTS:
For Internet clients it is mandatory to either subscribe to Speed E or
submit Limited Power of Attorney. The procedure for Speed-A has been
explained above.
We accept Limited Power of Attorney in the name of the company and
wherever the Limited Power of Attorney has been given, the company
automatically takes the delivery from the DP account for meeting the
selling obligations
The properly filled in DP instructions are to be handed over to our dealer
provided the transfer is from your ASCIL DP account only. However if the
transfer is from an outside DP the instruction slip may be handed over to
the DP and the copy of the DP's acknowledgement may be handed over or
intimated to the dealer, for the purpose of follow-up until the Pay-In time
of the exchange is over.
We register the DP accounts of the clients provided such DP account is in

the name of the client or jointly with any other party only. No third party
DP

will be

registered

in

our

records

for

your

PAY-IN,under

any

circumstances
PAY IN OF SECURITIES / CROSSINGS
Your securities being sold may be available in the form of Additional Base
Capital, Dues account pending release to your account or already
purchased yet to be received from the Exchange and are expected to be
received before the PAY-In date (inter-settlement crossing), we do
automatic crossings to meet your PAYIN obligations in the following
manner .However the crossings are done only for the next day's
obligations alone.
Please do not give crossings instructions for PAY IN Obligations beyond
the next day's obligations.
a_-In is subject to verification of deliveries. Excess Pay-in of stock will be
released subject to overdue debits.
SHORTAGES
The shares for pay-in obligation were not delivered, for the particular
settlement, before specified time viz T + 1 basis, the client will be debited
on T + 2 day with valuation amount, which is the closing price on the T
+2 day of the security.
The client whose shortages have been auctioned by exchange authorities
shall be debited by the auction price after deducting the valuation debit
already made on T + 5 day (the auction. date) ..
In case of shortages which do not result in shortages to the exchanges as
the buyer of the security is another client of ASCIL itself, then 110% of
closing price on the auction date or the valuation debit, whichever is
higher will be debited to the client account.

The bill shall be sent to the client by postle-mail along with the other
.contract notes.

PAYOUT OF SECURITIES
We shall transfer all the stock purchased by the clients within 12 hours of
the exchange pay-out to your DP account, registered in our records for
pay-out of documents, subject to the paragraph below mentioned.
However, in case of document which has not been paid-out by the
exchange or due to internal shortages the company is unable to deliver
the documents, the client will be given the square-up credit as per the
auction

calculations

mentioned

for

delivery

shortages

(previous

paragraph). This square-up credit shall be given within 48 hours of the

auction date.

The payout of the documents shall be made to the client account after the
crossing for subsequent selling position (next day PAY IN obligation) and
after ensuring that there is no overdue trade and margin bills ( withheld to
the extent of 200% of the value of outstanding bills"-' "
RELEASE OF WITHHELD SECURITIES:
The stock withheld shall be released on daily basis. It is discretionary on
the part of the company to partially release the stock based on part
payments made.
BROKERAGE STRUCTURE
We have

evolved

competitive

brokerage

structure

considering

the

demands of the clients. The details of the present brokerage structure can
be availed from branch.
Besides the brokerage, the client shall pay the company applicable service
tax presently at 8% on the brokerage, Transaction

Charges and stamp

duty as per the statutory requirements.

Particulars :
1.change of address

In case you have changed your residential or

correspondence address, please forward your request letter duly signed,

mentioning clearly your Client id with the with one of the following as
proof of your new address
Ration card'
Bank Pass Book / Account Statement
Passport

Voter ID The copy of one of the above may attested by any

of our branches and forwarded through by the branch clearly . Super

scribing the change.
2 Status of OP:
Any changes in the existing OP account with us or any of the other OP
shall be intimated through the branches, giving copy of the Statement of
Holding/bill from the new DP.
3 Change in existing Bank account
In case of any changes in your Bank account for the purpose of Pay In and
Pay Out of funds, kindly intimate
_the same through the branches alongwith the cancelled MICR cheque
leaf or copy for addition. In case you change the PAY Out account, please
indicate amongst one Payln account to be converted into PayIn/ PayOut
account.
4 Change in Email id:
Any Change in email-id may be indicated as all email communications are
sent to current email-id available in our records.

5 Name Change:
Copy of gazette notification shall have to be submitted. If any error in
spelling is noticed, please intimate to us at the earliest.
6 Nomination for DP account:
Please use the standard form prescribed by NSDL with necessary
supporting document viz. photograph and signature of the nominee, if the
nominee is a major and in case of minor, indicate the date of birth and the
guardian's signature, besides your signature in the nomination form.
made available after the closing hours of the day by mail/email.

Reports provided by brokerage firm.

Daily:
1. Confirmation of all Trades/modifications/ order entry/ cancellation of
orders for the day is
through email.
2. Outstanding derivatives obligations are available any time of the day
from the Trader Workstation and
3Contract Note is dispatched the next day of the trade from Head Office.
If email id is made available, digital contract note is sent through email on
the same day of the trade.

4 Trade Bill: This is available on the next day of the trade at the branch.
If email is available, trade bill shall be sent to you the same day of the
trade.
5. Margin Bill
This is available on the next day of the trade at the branch. If email is
available, margin bill shall be sent to you the same day Of the trade.
6 Delivery obligations report: both Pay In and Pay Out obligations for
various settlements from the respective branches are available.
7 Shortage Report
For various settlements available from the branches (both Pay in, Pay Out)
8. Base Capital I Additional Capital with all its details
report.
9. Dues account report.
Details of Securities available in the dues account.
10 Statement of accounts
This gives all details of debits and credits.

11. Please check with your branch for other reports, the list
of which is altered from time to time
You are advised to sign periodically the statement of account
Precautions to be taken:
In case of emergencies,You are advised to follow and adhere only to those
trading practices which are in compliance with the SEBI guidelines

TEMPORARY MOVEMENT
You can trade at' a branch away from the attached branch, when you have
taken authorized permission from HO to do so. At least 48 hours should
be allowed before the commencement of trade at the 2nd branch and
again, when you want to resume trading at the original branch, allow for
48 hours after intimation to HO and confirmation from HO to do so.
This temporary movement be in force till revocation request is made. Both
the branches will have to be informed of the move, both prior to move and
prior to resumption at the originally attached branch.
All requests to come to branches with whom you are dealing in writing
and you will be informed the branch contact tel. no and the dealer name,
after you have been transferred to the branch (ie. your id has been
mapped to the 2nd branch)

Depository Services Provided

Dematerialization
Rematerialization
Electronic Custody Pledge Marking
Freeze/Defreeze of accounts Transfer of Securities
Internet DP Account
Dematerialization
Conversion of the physical securities to electronic form . All you have to
do is to fill up the Demat Request Form and
surrender your physical share certificate to us. We will process the shares

and electronically inform the depository. Upon confirmation from the

Registrar / company, your account with us will be credited with electronic
shares by the depository. This normally takes 15-45 days.
Rematerialization
Similarly, conversion of the electronic shares back into physical form is
also processed as fast as Dematerialization.

Electronic Custody
Every Demat Account holder will be provided a periodical holding /
transaction statement. In addition one could also confirm the balance over
phone, or in person and now also through internet.
Pledge Marking
In case of contingencies, pledge marking for availing loans from your
banker against demat shares is possible. You can pledge your electronic
shares and avail up to 75% of the market value (up to RS.20 lakhs per
account), at reduced rates of interest compared to physical shares.
Transfer of Securities
,..
When you buy shares, you have to inform your Client Id and DP Id to
your broker. Your account with us will be credited with securities bought
by you on payout day. On sale of securities you have to give us the
delivery instruction slip duly signed by you and the securities will be
transferred to the brokers account. You may also use the services of
Speed E. for Online transfer. We are however coming out with our own
fully secured digitally signed Transfer Instructions feature at a low cost to
enable you transfer with the convenience of transferring from trading site
itself.
You can avail this through ASCIL. There are 2 types - one is password
based and another is smart card based, the latter requiring digital
signature.
Password based user is restricted to deliver the document to 3 PreNotified CM (Clearing Member / pool) accounts. (Smart card users can
additionally carry out off-market trades too).For registration with Speed E,
the

client has to

obtain

Registration

Request

No. from the

site

www.speed-e.nsdl.com
After this you shall fill up the Speed E application form along with the CM
(pre notified account) consent letter and agreement (all available with our
branches) and forward them duly filled to HO.
After activating the account, you will be duly notified through email.
You have to fill the application form (available with the branch) and affix

your signature and attach your photograph. Send this along with the
agreement form (again available with our branch) and payment of Rs
7,0001- through DD drawn on Apollo Sindhoori capital Investments Ltd
.The Smart card welcome kit (incl. ATM like card) and PIN received from
NSDL, will be sent to you.
FREEZE / DEFREEZE OF ACCOUNTS
In the case of prolonged absence, you have the 'Option for freezing the
account. This helps in preventing any unauthorized access to the account
during your absence.
INTERNET DP ACCOUNT
By logging on to this account you will be able to view your Holding 1
Transaction Statement, Bill Statement and you could transfer your stock
immediately.

GLOSSARY OF TERMS USED IN DP

Depository
A Depository is a Company where the shares of an individual are held in
electronic form, at the request of the shareholder. This eliminates the risks
involved in physical form of holding. The National Securities Depository
Limited (NSDL) was promoted by IDBI,UTI ,SBI and NSE. The Central
Securities Depository Limited (CDSL) was promoted by BSE.

Depository System
Your money may be held in the form of liquid cash at your home or may
be deposited in a bank. The bank holds your funds in your account and
subsequently debits or credits the account, depending on your issuance of
cheques or deposit of cheques. The advantages oj safety and convenience
of dealing with a Bank overweigh the reasons for holding liquid cash in
your home. Your financial assets such as Equity Shares may be compared
to the above example. You may hold physical share certificates in your
home and be exposed to the various risks of lack of _safety, mutilation,
loss

etc.

Alternatively, you

may

also

deposit

your

shares

in

an

organization called a Depository, which holds your shares in the electronic

form.

The advantages of the Depository System can be further compared with

physical shares as below:
The risk of loss, mutilation is common for physical certificates and
completely removed in electronic shares. Handling of a large number of
physical certificates has ended in the Depository mode. In the electronic
segment, there are no bad deliveries as in physical segment. There is no
stamp duty payable in electronic shares compared to the duty of 0.50% in
the physical segment while transferring ownership. For loans against
shares, banks usually charge a lower interest rate and margin money for

the electronic segment when

compared to

the physical

segment.

Settlements in the Stock Exchanges have commenced in 'the electronic

segment and has proven to be far more efficient and convenient compared
to physical shares.
Dealing with the Depository
You cannot deal with the Depository directly. However, if you have any
unresolved grievances against your Depository Participant, you can make
a complaint to the Depository at the below mentioned address.
Obligations of a Depository
The Depository is obliged to maintain the Client Holdings, enable demat
and remat of eligible securities, disbursement of corporate benefits, effect
settlement of securities traded on the exchanges as well as Off-market
trades

through

book

entry

transfers

and

provide

for

Pledging/Hypothecation of eligible securities.

National Securities Depositories Limited is a Depository promoted by UTI,
lDBI, SBI & NSE who hold the securities in electronic form on behalf of the
beneficiary holder.

Security
Shares in the electronic segment are 100 percent secure. The agreement
between you and the DP indemnifies you against misuse of your electronic
holdings by any party, in any manner whatsoever. You may legally invoke
such indemnity and be 100 percent compensated. A comprehensive
Insurance Policy has been taken by NSDL, which covers your DP account
so as to protect you against any losses, breach of security etc.
DP Transfer Instruction Forms:
These are like your Bank Cheque books .So ensures they are kept under
lock and key.
When the company sends through post or through its branches the DP
instruction books for your use, take care not to leave any signed forms or

blank forms with any of the

branches or with anybody. Apollo Sindhoori is not responsible for any loss
or transfers due to your leaving signed and blank forms with anyone else
including branch personnel.
Well before the DP'lnstruction books are to run out of leaves, please send
filed requisition forms and lodge the request with the branch. The new
book will be made available within 7 days subject to payment of overdue
bills. Pending arrival of new forms, you may use the Branch Manager's DP
instruction forms for any transfers.
In the event of loss, the same may be reported immediately to enable us
to note the loss of forms with their serial numbers in our records.

Request forms for Rematting, Dematting, Pledge marking/ removal too

are available with the branches.

Dematting of shares is done only where the shares are registered in the
name as they appear in NSDL registration. 'n case the same are not
registered, they will be returned to you .They cannot be taken into your
account until they are transferred in the name of the DP account holder.
For transfers please contact the Company's secretarial dept. / share
transfer agents of the company for physical transfer of security in your
name

Statements & Bills

Statement of holding (Quarterly) is sent to client who have holding as at
the end of the quarter and the Statement of Transactions (monthly) for
those who have had transactions during the period.
Bills are sent far the various services namely , Transactions, Custodial
charges, Demat, Remat Charges, Pledge creation / release and you are
expected to make payment within 7 days. In case if credit balances are
available in your trading account, the' bill will be transferred to your
trading account and recovered thereof. Delayed payment will attract penal
charges.
Annexure A
Decision Support System:
Options
Defined as the act of choosing or selecting
Broadly classified into call option & put option
Call option:
Is a contract between 2 parties giving the buyer the right but not the
obligation to buy the underlying shares at a classified price on or before a
specified period .
Put option:
Put option gives the holder of an option the right but not the obligation to
sell on or before expiry date of the option at a pre-agreed price.
Important terms
Strike price:
Denotes the price at which the buyer of the option has a right to purchase
or sell the underlying shares.Often referred as Exercise price. The strike
price is fixed by the exchange depending upon the movement of the stock

In & Out of money:

Call option

Strike Price < Mkt Price In the money

Strike Price> Mkt Price

Out of money

Strike Price = Mkt Price At the money

Put option
Out
of
money
In

the

money
At

the

money

Option style
Settlement of options is based on the expiry date. They can be broadly
classified into American Option & European Option American Option: can
be exercised on any day before the expiry date. E.g. Stock Options
European Option: can be exercised only on the expiry date. E.g. Index
Options

Annexure B
About Futures
Future is an agreement to buy or sell a given quantity of particular asset
on a future date based on the pre-agreed price. Futures contract is based
on the underlying index or scrip. Understanding basic terminologies in
Futures
Expiry date
Expiry date is a date at which futures contract expires. Presently
expiry date is last Thursday of every month.
At any given point of time in futures there are three contracts which is
always available for trading
.Near month contract 'Next month contract
Far month contract
Whenever the near month contract expires on the last Thursday of every
month new contract is introduced on next day of expiry (i.e.) on Friday.
Suppose the last Thursday happens to be a holiday, contract expires a
trading day before the last Thursday.
Market lot
Market lot is the minimum lot size, which has to be bought or sold while
executing Futures contract.
Presently futures contract is based on index and individual stocks.
Presently exchange has allowed 31 scrips in stock futures.
M-T-M details
All futures contracts are settled on T + 1 basis. All open futures position is
closed based on the closing price of that day. All M-T-M profits or loss
made on a particular day is settled on T + 1 basis.
Cash settled
Presently all futures and options contracts are cash settled presently.
Settlement price
Presently all futures are settled based on the closing price of the futures

contract on that date. But on the date of expiry it is closed based on the
underlying price.
All open contracts on the expiry date is closed based on the underlying
price by the exchange, and all the final settlement is done on T + 1 basis.
About options An option is a contract between buyer and seller, where
buyer of an option has got the right not the obligation, to buy or to sell an
underlying asset (a stock or index) at a specific price on or before a
certain date. Types of option Call option Call option -right to buy
Call option holder has got the right but not the obligation to buy the asset
on or before the specific period at a pre-agreed price out ption Put optionright to sell Put option gives the holder of an option the right but not the
obligation to sell on or before expiry date of the option at a pre-agreed
price. Buyer of an option whether it is a put or a call has' got right but not
the obligation, Whereas in return seller of an option receives the premium
for the risk he takes. Understanding basic terminologies in options
Exercise Option exercise is where the buyer of an option exercises his
right. In case of call option he exercises the right to buy, in case of put
option he exercises the right to sell .

Assignment Assignment is always

passed on to the seller of the option who is out-of -the money. Presently
all Assignment of option is always done at random basis by the exchange.
'n the money option Call option In the money option in case _f call option
the strike price is always less than the stock price. Put option
In case of money option in the money put option, strike price is always
more than the stock price At the money option At the money option is
where the strike price is always equivalent to the stock price Out of the
money option Out of the money in case of call option is where the strike
price is more than the stock price Out of money in case of put option is
where the strike price is always less than the stock price. Settlement of
option All interim exercise and final settlement of Stock options are settled
on T +3'basis and for index option it is T +1 basis Option style
Two types of option style are 1. American style 2. European style
-