OPPapers.com Essay Index >> Miscellaneous >> Nse Basics
We have many free term papers and essays on Nse Basics. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
NSE Basics. Issues prior to trading on the NSE Dealing through NSE trading
member/SEBI registered sub-broker Whom should I approach ...
... Market segment are linked to the central computer at the NSE through dedicated ...
Understanding the Basics of Picking and Trading Stocks Those who are ignorant in ...
Submitted by abheeeee on July 26, 2007
Category: Miscellaneous
Words: 7238 | Pages: 29
Views: 149
Popularity Rank: 79,137
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Issues prior to trading on the NSE
Dealing through NSE trading member/SEBI registered sub-broker
Whom should I approach for buying/selling shares on the NSE?
To buy or sell securities you could approach either:
1. SEBI registered trading member of the NSE, or
2. SEBI registered sub-broker of a trading member of the NSE
Why should I deal only with a trading member of NSE/SEBI registered sub-broker of NSE trading member?
The Exchange can ensure settlement and handle disputes/claims arising out of only those trades which are executed on NSE through registered trading members /registered sub-brokers. Hence for all trades done on NSE through an entity who is not registered, the investor has no recourse through the Exchange in case of non settlement or a claim/dispute arising out of the same.
How do I verify whether the entity is a NSE trading member (TM)/SEBI registered sub-broker?
You may ask the person to furnish documents such as SEBI registration certificate, registration with NSE, etc to verify the antecedents of the person. You can also approach the Exchange to countercheck whether the person holds a valid registration.
The NSE website also provides a directory of NSE trading members.
Top
Registering as a client
What are the formalities for registering as a client of a NSE trading member/SEBI registered sub-broker?
All investors should register themselves with registered trading members/sub-brokers by:
1. Filling a Client Registration Form, and
2. Signing a Member-Constituent Agreement (copy available with all NSE trading members)
The Member-Constituent Agreement contains the terms and conditions including order/trade confirmation, brokerage charged by a trading member, delivery of securities and funds and therefore helps reduce...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!