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Order Matching Platform - Violations
Margin shortfall
The members shall not be permitted to trade with immediate effect.
There is a penalty for margin violation.
Penalty applicable for margin violation is levied on a monthly basis based on slabs as mentioned below:
| Instances of Disablement | Penalty to be levied |
|---|---|
| 1st instance | 0.07% per day |
| 2nd to 5th instance of disablement | 0.07% per day +Rs.5000/- per instance from 2nd to 5th instance |
| 6th to 10th instance of disablement | 0.07% per day+ Rs. 20000 ( for 2nd to 5th instance) +Rs.10000/- per instance from 6th to 10th instance |
| 11th instance onwards | 0.07% per day +Rs. 70,000/- (for 2nd to 10th instance) +Rs.10000/- per instance from 11th instance onwards. Additionally, the member will be referred to the Disciplinary Action Committee for suitable action |
Instances as mentioned above shall refer to all disablements during market hours in a calendar month. The penal charge of 0.07% per day shall is applicable on all disablements due to margin violation anytime during the day.
Non-allocation / rejection of institutional trades
In case of rejection/non-confirmation of any institutional/non-institutional trades by clearing member a penalty of 0.10% of the unallocated / rejected / unconfirmed value or Rs. 10,000/- whichever is lower per settlement shall be levied.