will they extend the 25% credit clearance from one day... ?

banarahu

banarahu

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Will CSE extend the credit clearance date for another day because of unexpected market close on Monday ?
This is just a thought... Smile

Genting

Genting

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banarahu wrote:Will CSE extend the credit clearance date for another day because of unexpected market close on Monday ?
This is just a thought...

I think SEC should have stayed with the 30.06.2011 deadline. Then when it comes to now there is no issue with so called "credit issue". Postponing these days only make things worse.

Now the SEC has passed the "credit ball" to brokers, brokers are trying to figure out to whom they are going to pass the ball.

Investors may become worst effected due to all these mockery. Traders may not get effected that much cos they keep on rotating their stocks.

windi5

windi5

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SECs new rule applies for new credits. Brokers are allowed to give credits on the basis of brokers liquidity. But deadline is applied for credits those were given before 31st. dec. 2010. Now every day force selling is taking place if T-3 is passed and if brokers liquidity is not enough to bear the amount of credits given.

sapumal

sapumal

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windi5 wrote:SECs new rule applies for new credits. Brokers are allowed to give credits on the basis of brokers liquidity. But deadline is applied for credits those were given before 31st. dec. 2010. Now every day force selling is taking place if T-3 is passed and if brokers liquidity is not enough to bear the amount of credits given.

No.
There are no pre conditions. So latest SEC directive will over rule the old ones

The force selling will apply only for extra credits. If broker firm's net assets are more than zero no need to go for a credit clearance regardless of the day credit is granted

windi5

windi5

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sapumal wrote:

windi5 wrote:SECs new rule applies for new credits. Brokers are allowed to give credits on the basis of brokers liquidity. But deadline is applied for credits those were given before 31st. dec. 2010. Now every day force selling is taking place if T-3 is passed and if brokers liquidity is not enough to bear the amount of credits given.

No.
There are no pre conditions. So latest SEC directive will over rule the old ones

The force selling will apply only for extra credits. If broker firm's net assets are more than zero no need to go for a credit clearance regardless of the day credit is granted

In the end most of the brokers are not qualified to do this considering their net assets. it seems old rule is working even new rule over ruled old one.

Today my first col was from my broker.He has received the debtors dist early in the morning, i had been there in the list with a small credit,Rs.400.He ask me to settle it today itself.

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will they extend the 25% credit clearance from one day... ?

1 will they extend the 25% credit clearance from one day... ? Wed Sep 21, 2011 10:27 pm

banarahu

2 Re: will they extend the 25% credit clearance from one day... ? Wed Sep 21, 2011 10:53 pm

Genting

3 Re: will they extend the 25% credit clearance from one day... ? Thu Sep 22, 2011 7:30 am

windi5

4 Re: will they extend the 25% credit clearance from one day... ? Thu Sep 22, 2011 8:54 am

sapumal

5 Re: will they extend the 25% credit clearance from one day... ? Thu Sep 22, 2011 9:33 am

windi5

6 Re: will they extend the 25% credit clearance from one day... ?

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