ARG COMPLIANCE MANUAL - Rathi Online

DEALING WITH CLIENTS (contd..)Margins from Constituents (CM Segment)−TM to have prudent Risk Management System−Margins to be an important element of RMS−RMS to be documented and made accessible to clients and the Exchange.−Quantum of Margins, form and mode of collection are left to the discretion ofmembers.Margins from Constituents (F&O Segment)TM to madatorily collect initial margin (MG 13 file) upfront on a daily basis fromthe clients.• Daily reporting of Initial Margin collected• Non-reporting considered as 100% shortfall• Penalty for shortfall in collection• Wrong reporting (Considered as serious violation with stringentdisciplinary actions)23146