ARG COMPLIANCE MANUAL - Rathi Online

completion of all the closure formalities.Revenue Sharing:Revenue Segment (Cash, Derivative, and Commodities & Currency Segment): TheBrokerage will be shared in the following ratio, post statutory cost.Sharing Ratio Brokerage to be generated per month(ARG : S.B) (Post Stat. Cost)50 : 50 Up to 25,000/-45 : 55 Rs. 25,001/- to Rs. 50,000/-40 : 60 Rs. 50,001/- to Rs.75,000/-35 : 65 Rs. 75,001/- to Rs.1,00,000/-30 : 70 Rs. 1, 00,001/- and above.Note: Any brokerage rate below 0.30% and 0.03% to be offered only with priorapproval from ARGo For both online and offline sharing will be same as mentioned in the above slab.o Payment will be made monthly as per the applicable slab for that particular month,however quarterly average will be taken at the end of every quarter for applicabilityof slab related to that quarter.o Internet trading clients would be required to transact as per standard risk managementand settlement procedures as applicable under the ARG Internet Trading clientpolicy.IPO : Depending on the IPO, remuneration to the Sub broker/AP could be in thefollowing ways:a). On a „Per Application basis‟ orb). Brokerage sharing in the ratio of 80:20 (80% of revenue to Subbroker/AP & 20% of revenue ARG)DP : Sub broker/AP will be paid Rs.100/- on renewal of AMC as well as Rs. 100/- onnew demat account opening. This policy is applicable for all schemes.Other Products:For Products offered to Sub broker/AP, other than the ones mentioned above, like MF,Loans, PMS etc. sharing ratio would be decided by HO and communicated to Subbroker/AP from time to time.o Present Product offering is as per the policy and on the sole discretion of AnandRathi Group. ARG reserves the right to change the structures at any time with noticeon immediate effecto Product offering can also change in future subject to prevailing policies of differentAuthorities.o In case of loans, the sharing will be given as per the sharing ratio applicable at thetime of disbursement of loan amount.o All Brokerages/incentives are gross and inclusive of all statutory levies includingservice tax & other taxes. Net amount after deducting the statutory levies will be paidto the Sub broker/AP.Expectations from Sub broker/AP:o Revenue:a) Starting the 4th Month onward, every Sub broker/AP is expected to generate netrevenue of Rs.50000/- for ARG.b) Sub broker/AP to start business on activation of 50 Accounts. ARG to providesupport to Sub broker/AP to source clients – Marketing Collaterals.o Sub broker/AP criteriaa) Clear NCFM exams for Cash, Derivatives as well as Commodities segment (ifactivated in respective segment)b) Get AMFI certified to sell Mutual Fund (Optional)c) Have a team of minimum 2 dealers and 1 BO executived) Minimum 250 Sq ft office and Office ambience to be in line with ARG office103