NOTICE from CSE,

ROHAN · 1 NOTICE from CSE, Tue Sep 13, 2011 9:48 pm

ROHAN

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TODAY 10.30am all the broker forum reseve a fax, from CSE (some brokers not inform it becouse they try to exite market with out lost) the NOTICE highly recommend clear the credit or if not cancel broker license,,,frends you got the news as well

after 10.40am market was down with huge selling presser.most of big players out of market with in 2 hourse.

So do somthing to protect your money..

some one say market rapidly down next three week

pushpakumara · 2 Re: NOTICE from CSE, Tue Sep 13, 2011 9:52 pm

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Clear credit before when? Any idea?

windi5 · 3 Re: NOTICE from CSE, Tue Sep 13, 2011 10:04 pm

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I think 25% before end of sep 2011. and another 25% before end of dec 2011.50% had been cleared by end of dec 2010.Earlier report said, there were only 2b to be cleared out of 8b.

opfdo · 4 Re: NOTICE from CSE, Tue Sep 13, 2011 10:15 pm

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ROHAN wrote:TODAY 10.30am all the broker forum reseve a fax, from CSE (some brokers not inform it becouse they try to exite market with out lost) the NOTICE highly recommend clear the credit or if not cancel broker license,,,frends you got the news as well

after 10.40am market was down with huge selling presser.most of big players out of market with in 2 hourse.

So do somthing to protect your money..

some one say market rapidly down next three week

Friend, "some one say market rapidly down next three week" "most of big players out of market with in 2 hourse". pls do not panic ppl by posting like this & do not post "some say.....". How do you know most big guns out within 2 hours????

There may be some selling pressure in coming days, but not much as you said. Because This will be effeted to the firms which are not having positive liquidity & other thing is as windi said there is no much credit to clear. So that pls do not make panic. Wait & see what will happen.

pushpakumara · 5 Re: NOTICE from CSE, Tue Sep 13, 2011 10:23 pm

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windi5 wrote:I think 25% before end of sep 2011. and another 25% before end of dec 2011.50% had been cleared by end of dec 2010.Earlier report said, there were only 2b to be cleared out of 8b.

Ah ok I thought the dates have been changed or something as original post mention that CSE has sent a "fax" , and was thinking why they in such a hurry.

hariesha · 6 Re: NOTICE from CSE, Tue Sep 13, 2011 11:10 pm

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This guy is trying to create panic. Should report to SEC in the morning. I am dealing with three brokers, and had a chat with one CEO in the eve. Nothing was mention as such. Most are optimistic market will end SEP by reaching 7500 level. Credit rule applies only to brokers, who do not have enough capital.

dimithridesilva · 7 Re: NOTICE from CSE, Tue Sep 13, 2011 11:21 pm

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if he asked like that we'll exit from market and ask him to run CSE... Shocked

kotasa · 8 Re: NOTICE from CSE, Tue Sep 13, 2011 11:24 pm

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ROHAN wrote:TODAY 10.30am all the broker forum reseve a fax, from CSE (some brokers not inform it becouse they try to exite market with out lost) the NOTICE highly recommend clear the credit or if not cancel broker license,,,frends you got the news as well

after 10.40am market was down with huge selling presser.most of big players out of market with in 2 hourse.

So do somthing to protect your money..

some one say market rapidly down next three week

Please do not try to create panic situation for your own good. This is not ethical. Please act as a responsible member.

Hiru · 9 Re: NOTICE from CSE, Wed Sep 14, 2011 12:05 am

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As I heard, brokers have been advised to be within T+5 credits, and therefore some force selling has occurred.

nkalansu · 10 Re: NOTICE from CSE, Wed Sep 14, 2011 5:22 am

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Even though SEC has relaxed credit rules. I think they have not changed some of their previous decisions. As discussed by some in this forum, investors who were unable to clear debt as at 31.12.2010 were given an extension to settle 50% by 31st March 2011 and balance 50% by 30th June 2011.

Again the latter 50% was given an extension to settle 25% by 30th September 2011 and balance 25% by 31st December 2011. I do not think this got reversed. When I asked from my broker they were unable to confirm that SEC has revered this decision. So I think broker firms will stick with clearing 25% by 30th September 2011.

Can somebody confirm this? If this is the case we can expect some downward trend in the market by the end of this month. But this will be a slight downward trend since most of the debt is cleared by now. However the problem is, this is like a chain reaction. When some people see some red in the market they flock in and sell everything. So that will create huge movements and downward trend will be big and last for some time. Most of the new comers and investors who are not patient enough will create this scenario. This is the problem.

Aamiable · 11 Re: NOTICE from CSE, Wed Sep 14, 2011 6:23 am

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so dot panic for slight redness...avoid credit plese..

nkalansu · 12 Re: NOTICE from CSE, Wed Sep 14, 2011 6:39 am

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Aamiable wrote:so dot panic for slight redness...avoid credit plese..

Exactly.....be patient. Investors who are patient will win. You can't earn millions overnight unless you are doing insider trading.

JennyFunny · 13 Re: NOTICE from CSE, Wed Sep 14, 2011 6:51 am

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dont panic

windi5 · 14 Re: NOTICE from CSE, Wed Sep 14, 2011 7:36 am

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I think there are not much credits to be cleared. Now T5 is in action, brokers who have less liquidity must implement force selling. So force selling might be continuing in everyday. Do any one in this forum has outstanding credits which is older more than 5 days?. I think CSE is monitoring the liquidity status of brokers in daily basis, so they should write letters warning brokers who do not adhere to that rule.

RIO · 15 Re: NOTICE from CSE, Wed Sep 14, 2011 8:47 am

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There has to be something with credit clearings...see the below post made by one of senior member...CSE Today.... it was posted on 09th of SEP ...so he has mentioned it much earlier to all our members...but doubt how many of forum members verified or prepared to face the situation...!

http://forum.srilankaequity.com/t9805-broker-credita-bait-by-sec?highlight=a+bait+by+sec

investor1984 · 16 Re: NOTICE from CSE, Wed Sep 14, 2011 8:54 am

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No need to worry mate, now there is a provision for credit , so brokers with assets will lend , brokers who have no liquid assets will force sell, but their customers will leave them . So the red light is On for the brokers with no liquid assets . its only 25% credit , we went through 50% credit clearance , and we survived.. actually we are live and kicking ... ASI above 6900 , dont panic people... good things are yet to come.

windi5 · 17 Re: NOTICE from CSE, Wed Sep 14, 2011 9:05 am

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Lots of force selling took place even end of July.That was on of the main reason that brought mkt below 6500 level. With the SECs announcement on 16.Aug.2011, ppl rushed to buy shares on credits without proper studying of the new rule. Many brokers are not providing credits now or most of them are not up to the SECs requirements to provide credits so same T-5 has been implementing . Even after SECs announcement, force selling took place and we saw various posts by our members regarding force selling. That 8b story came before July, with the force selling took place in July, it should be a relatively small amount still to be cleared. Does any one know exactly the remaining amount of credits that is to be cleared?

Rajaraam · 18 Re: NOTICE from CSE, Wed Sep 14, 2011 12:28 pm

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investor1984 wrote:No need to worry mate, now there is a provision for credit , so brokers with assets will lend , brokers who have no liquid assets will force sell, but their customers will leave them . So the red light is On for the brokers with no liquid assets . its only 25% credit , we went through 50% credit clearance , and we survived.. actually we are live and kicking ... ASI above 6900 , dont panic people... good things are yet to come.

You are 100% correct my friend. I fully agreee with your obsevatons.

+ rep from me.

kumudu · 19 Re: NOTICE from CSE, Wed Sep 14, 2011 2:07 pm

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you are not a investor but lackluster. people like you created grease devils

kumudu · 20 Re: NOTICE from CSE, Wed Sep 14, 2011 2:11 pm

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today's market is down due to euro zone bank down grade
http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

RIO · 21 Re: NOTICE from CSE, Wed Sep 14, 2011 2:44 pm

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kumudu wrote:today's market is down due to euro zone bank down grade
http://www.reuters.com/article/2011/09/14/us-eurozone-idUSTRE78B24R20110914

Damn Euro....!
Speak to your Adviser....SEC has ruled to clear all debts given recently (T+5) Todays fall due to force selling & we can expect a Down fall again by end of this month too due to clearing of Balance 25% credit

kumudu · 22 Re: NOTICE from CSE, Wed Sep 14, 2011 2:49 pm

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it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

RIO · 23 Re: NOTICE from CSE, Wed Sep 14, 2011 2:59 pm

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kumudu wrote:it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

Brother I'm talking with hands on experience... my broker wanted me to settle today or face force sell as per SEC instructions they received recently. my credit is far below 20% of my portfolio value even if we take todays close AW prices....! (the broker firm is one of SL biggest & most financially sound one with the backing of a bank which is set up for the sole purpose of Developing the Nation)

kumudu · 24 Re: NOTICE from CSE, Wed Sep 14, 2011 3:10 pm

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ok, i have 1.4million credit. i asked my broker about this, he said there is no such settlement. find more details and confirm it please

Genting · 25 Re: NOTICE from CSE, Wed Sep 14, 2011 4:20 pm

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RIO wrote:

kumudu wrote:it is if you get credit beyond 50% of your portfolio and it can happen when your share price drop.

Brother I'm talking with hands on experience... my broker wanted me to settle today or face force sell as per SEC instructions they received recently. my credit is far below 20% of my portfolio value even if we take todays close AW prices....! (the broker firm is one of SL biggest & most financially sound one with the backing of a bank which is set up for the sole purpose of Developing the Nation)

Is it Acuity?

Today I was asked to settle my whole outstanding. But that was still under T+3. I think Acuity is having some problems with liquidity.

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NOTICE from CSE,

1 NOTICE from CSE, Tue Sep 13, 2011 9:48 pm

ROHAN

2 Re: NOTICE from CSE, Tue Sep 13, 2011 9:52 pm

pushpakumara

3 Re: NOTICE from CSE, Tue Sep 13, 2011 10:04 pm

windi5

4 Re: NOTICE from CSE, Tue Sep 13, 2011 10:15 pm

opfdo

5 Re: NOTICE from CSE, Tue Sep 13, 2011 10:23 pm

pushpakumara

6 Re: NOTICE from CSE, Tue Sep 13, 2011 11:10 pm

hariesha

7 Re: NOTICE from CSE, Tue Sep 13, 2011 11:21 pm

dimithridesilva

8 Re: NOTICE from CSE, Tue Sep 13, 2011 11:24 pm

kotasa

9 Re: NOTICE from CSE, Wed Sep 14, 2011 12:05 am

Hiru

10 Re: NOTICE from CSE, Wed Sep 14, 2011 5:22 am

nkalansu

11 Re: NOTICE from CSE, Wed Sep 14, 2011 6:23 am

Aamiable

12 Re: NOTICE from CSE, Wed Sep 14, 2011 6:39 am

nkalansu

13 Re: NOTICE from CSE, Wed Sep 14, 2011 6:51 am

JennyFunny

14 Re: NOTICE from CSE, Wed Sep 14, 2011 7:36 am

windi5

15 Re: NOTICE from CSE, Wed Sep 14, 2011 8:47 am

RIO

16 Re: NOTICE from CSE, Wed Sep 14, 2011 8:54 am

investor1984

17 Re: NOTICE from CSE, Wed Sep 14, 2011 9:05 am

windi5

18 Re: NOTICE from CSE, Wed Sep 14, 2011 12:28 pm

Rajaraam

19 Re: NOTICE from CSE, Wed Sep 14, 2011 2:07 pm

kumudu

20 Re: NOTICE from CSE, Wed Sep 14, 2011 2:11 pm

kumudu

21 Re: NOTICE from CSE, Wed Sep 14, 2011 2:44 pm

RIO

22 Re: NOTICE from CSE, Wed Sep 14, 2011 2:49 pm

kumudu

23 Re: NOTICE from CSE, Wed Sep 14, 2011 2:59 pm

RIO

24 Re: NOTICE from CSE, Wed Sep 14, 2011 3:10 pm

kumudu

25 Re: NOTICE from CSE, Wed Sep 14, 2011 4:20 pm

Genting

26 Re: NOTICE from CSE,

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