ARG COMPLIANCE MANUAL - Rathi Online

2.3.2 The Member of the Exchange shall furnish a copy of the Risk DisclosureDocument to all his clients and to get and maintain their acknowledgementon second copy of the same document.3. UNIQUE CLIENT CODE (UCC)3.1 Creation and allotment of UCCMembers shall submit their client details through UCC software on or before 7thof the subsequent month for a new client is registered, during the month as perCircular no. MCX/T&S/109/2007 dated March 24, 2007.3.2 Modification of Client Code3.2.1 A special facility is provided to Members for client code modification bythe Exchange. The same is presented as below:a) Member can change client ID of executed trades only in the postclosing session of that commodity as per Circular no.MCX/T&S/166/2007 dated April 30, 2007.b) The system driven restriction has been implemented by MCXwhich do not allow client code modification during intra-day. Thesame is implemented by MCX with effect from May 19, 2007 asper Circular No. MCX/T&S/198/2007 dated May 25, 2007.4. COLLECTION OF MARGIN FROM CLIENTS4.1 Margin CollectionAs per Business Rule 27(r), the Member shall collect adequate margin from hisclient before entertaining any order from him and as per Bye-Law 8.2.2, everymember of the Exchange executing transactions on behalf of clients, shall collectfrom the clients the margins specified from time to time, against their openpositions within such time as may be prescribed by the Relevant Authority fromtime to time.4.2 Forms of Margin DepositAs per Bye-Law 8.6.8, Members of the Exchange shall accept margin depositsfrom clients only in such form as may be permitted by the Re levant Authority.4.3 Accounting of Margin Deposita) Margin deposits received by Members from their client in any form shallbe accounted for and maintained separately in segregated accounts andshall be used solely for the benefit of the respective clients‟ positions.b) As per bye-Law 8.6.10, Margin accounts of clients of the Members shallbe marked to market daily by Clearing Members and further marginshould be collected when necessary to maintain the appropriate margin.4.4 Utilization of Margin Amount And Margin CallThe margin account of client Members shall be utilized by clearing Members onlyfor settling the dues to the clearing Member upon marking-to-market or forfulfilling the obligations resulting from their open positions.200