Highlights of the circular issued today by SEBI as follows-

1. VAR+ELM or 20% of Exposure , whichever is lower , is to be collected from clients for upfront margin
2. Clients must ensure that VAR+ELM or 20% of exposure , whichever is lower , is paid to TM/CM as upfront margin in advance of trade
3. Clients must ensure to pay any other (Adhoc margin+ MTM margin) margin by T+2 day as per margin calls from TM/CM , clients has to ensure it and pay by T+2 day , otherwise shortage penalty can be debited to client.
4. If 20% of exposure is collected as margin from client in lieu of VRA+ELM , then there is no penalty applicable to client for short margin collection on upfront margin.
5. If client has done full pay-in for funds and securities by T+2 day , then there is no need to collect other margin from clients further and other margin will be deemed as collected and there would not be any shortage penalty to client.
6. If client has done early pay-in for selling obligation on T day , then there is no need to collect other margin from clients further and other margin will be deemed as collected and there would not be any shortage penalty to client.
7. If client fails to make pay-in by T+2 working days and TM / CM do not collect other margins from the client by T+2 working days, the same shall also result in levy of penalty to client

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More from @Vishvesh03

21 Jun
What would my Mom think of that?" In a race, (see picture), athlete Abel Mutai representing Kenya, was just a few feet from the finish line, but he was confused with the signage & stopped thinking he had completed the race.

instagram.com/vishveshchauha…
(Som1 shared with me on Insta)
The Spanish athlete, Ivan Fernandez was right behind him & realizing what was happening, he started shouting at the Kenyan for him to continue running; but Mutai didn't know Spanish didn't understand. Then the Spanish pushed him to victory.
A journalist asked Ivan, "Why did you do that?" Ivan replied, "My dream is that someday we can have a kind of community life". The journalist insisted "But why did you let the Kenyan win?" Ivan replied, "I didn't let him win, he was going to win".
Read 5 tweets
20 Apr
The tens of billions of dollars traded every day in WTI futures are almost always settled financially, but any contract that hasn’t been closed out after expiry has to be liquidated with physical delivery of oil if the parties can’t come to some kind of over-the-counter agreement
Those deliveries go to the storage hub of Cushing, Oklahoma, which is connected by pipeline to Canada, the U.S. Midwest, West Texas and the Gulf Coast. The problem is that Cushing is rapidly filling as fuel consumption collapses due to lockdowns to stem the coronavirus pandemic.
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27 Dec 19
“Be grateful for Humble Beginnings, because the Next Level will always require so Much More of You.

Next Level Is Coming in 2020, Getting Ready.”

Left job 5 months back to pursue my entrepreneur journey and can't believe to have my small tiny office.
Wish everyone #Happy2020
There is no alternate of waking up early. U are lot different person if u rise early.

Since last many month this is place i have been working #HomeOffice Clear routine of getting up at 5AM & start looking at world markets & positioning myself for next trading day

#goodmorning
If you are aiming to become anything (trader perse) the first thing you need is passion. Without passion, you will not be able to go far. You will soon run out of self-motivating fuel.

#SaturdayMorning
2/n
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A father before he died said to his son: “this is a watch your grandfather gave me and is more than 200 years old. But before I give it to you, go to the watch shop on the first street, and tell him I want to sell it, and see how much he offers you”.

1/n
He went, and then came back to his father, and said, "the watchmaker offered 5 dollars because it's old”.

He said to him: “go to the coffee shop”.

He went and then came back, and said:
“He offered $5 father”.

2/n
“Go to the museum and show that watch”.

He went then came back, and said to his father “They offered me a million dollars for this piece”.

3/n
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3 Sep 19
The first thing you should understand is what is your own personality. Then look for #trading systems, which suits your personality. Most #traders fails at this very first and basic step.
D reason i made this remark. Coz oflate i hv had a chance to understand lot of #traders around country Each trader has unique approach and it was nothing but what suits they personality. Initially i thought its good to knw lot of methods Bt then i realized its best to knw 1 self.
Method was function of 3 things
1. Personality
2. Trading Capital
3. Return Expectation

Here #risk is part of personality, so is patience. And discipline is something one cant live without. All of them are very disciplined. Arrived at their method after lot of self search.
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7 Apr 19
In last one week I have got n number of request
1. learning Options
2. learning TA
3. learning Python
4. Tips providing
5. please how can I get your service
6. Manage my money
And worst if them all
7. I have lost lots of money please help me recover.
The problem here, knowledge is widely Available, google it and you will have everything available. But most people want to still know best book, best method, best way to not lose money. I am sharing my thoughts to suggest that, it takes lot of time to become consistent profitable
All these people are fine individuals and very excited about prospect to learn from someone else's mistake. But there are people who might be looking for short cuts. Trust me just one good (any book) on any method is the first step to start learning in that direction
Read 15 tweets

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