Thanks Zerodha.
1) If there are shortages or no delivery from clients, the auction charges etc are to his account. You can take an undertaking to that effect. Anyone trading online has to fulfill all his obligations. You have clients margin with you.So if margin is Rs 1 Lakh, allow him to sell on delivery shares worth say Rs 2 Lacs or 3 Lacs so that even if they are auctioned,the debit can be put to his account. Alternatively you can even think of allowing sale only against advance transfer. So I transfer the shares in your designated account today and based on this receipt you allow me to sell them tomorrow. A bit cumbersome process but ok to start with and 100 % safe.
2) Speed- e is working beautifully. It is a stable and proven system.I have been using it for last over 5 years. The shares get transferred in 30 min time.All done electronically.....I can put a transfer instructions even in the night and it gets transferred by 9:30 in the morning and I get early pay-in benefit also. Faultless service from NSDL. In last 5 years I have never had a single problem in transfer through speed-e. If you need any further information on speed-e , I will be happy to provide.
3) PMed you tel nos of both my brokers.
Smart_trade
1) If there are shortages or no delivery from clients, the auction charges etc are to his account. You can take an undertaking to that effect. Anyone trading online has to fulfill all his obligations. You have clients margin with you.So if margin is Rs 1 Lakh, allow him to sell on delivery shares worth say Rs 2 Lacs or 3 Lacs so that even if they are auctioned,the debit can be put to his account. Alternatively you can even think of allowing sale only against advance transfer. So I transfer the shares in your designated account today and based on this receipt you allow me to sell them tomorrow. A bit cumbersome process but ok to start with and 100 % safe.
2) Speed- e is working beautifully. It is a stable and proven system.I have been using it for last over 5 years. The shares get transferred in 30 min time.All done electronically.....I can put a transfer instructions even in the night and it gets transferred by 9:30 in the morning and I get early pay-in benefit also. Faultless service from NSDL. In last 5 years I have never had a single problem in transfer through speed-e. If you need any further information on speed-e , I will be happy to provide.
3) PMed you tel nos of both my brokers.
Smart_trade
The problem is that a lot of people who do this, don't have any cash balances in their account, so if an auction debit, it is on the brokers head.
That said, we have been working on this for a bit, don't want to give any dates though..
Will have a word with the numbers u have given, thanks..