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Strategies & Market Trends : India Coffee House

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To: Shivram Hala who wrote (3252)	2/14/1999 2:14:00 AM
From: Mohan Marette	Read Replies (1) of 12475

Margin trading now possible at Dutt Stock Broking Ltd. Shivram: Here is some new information I got via email today on margin trading. ========================================== Attn: ALL CLIENTS From: Trading Desk Dutt Stock Broking Limited duttstock.com On the request of many clients who trade actively, we are glad to introduce Margin Trading and Low Commissions. This applies to Active Traders/Clients who buy and sell the same share within the same settlement(A settlement begins on every Wednesday (Day 1) and closes onTuesday (Day 7)). If you buy and sell the same shares WITHIN the same settlement (i.e. anytime between a Wednesday(day 1) - Tuesday (day 7)), all you need is funds up to 35% of the value of your trade for in your brokerage account. There are no interest charges either. We only charge the brokerage for the purchase and the sale. Brokerage Rates for buying andselling the same share in the same settlement are 0.20% for the purchase and 0.20 % for the sale. For example if you buy and sell 100 shares of ITC within the same settlement and it costs you 1 lac to buy (brokerage 200 rupees) and 1 lac to sell (brokerage 200 rupees), you can do this trade with Rs.35,000 in your account and no interestcharges. However, please note that if you DO NOT square off/net your trade (i.e.buy/sell the same share in the same settlement and you don't have 100% of funds in your account, interest charges of 0.75% per week will apply on the balance due) and normal brokerage rates will apply. In other words, if you don't plan to buy and sell the same share in the same settlement or if you plan to buy only in the settlement, you will need 100% of your funds in your account before you place your trade and normal brokerage rates will apply. Best Regards

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