Client Code Modification and Error Code Policy
- The objective of Abhipra Capital Limited is to frame standard policy for handling the mistakes on part of the Dealers while executing trades and rectification thereupon.
- The stock exchanges provides the facility to rectify the genuine mistakes done by the dealers at the time of the trade execution.
- The trades executed erroneously shall be altered as per the Exchange Guidelines.
- The Dealers on realisation of the mistake shall report the error committed to the Branch Manager / Surveillance Department.
- The Surveillance Department on receiving the request shall examine the genuineness of the error and accordingly allow the modification of such trade executed to the Error A/C opened in the name Abhipra Capital Limited.
- Such trade transferred in the Error Account shall be squared off immediately.
- Any difference and losses on account of such trade transferred to Error Account and squaring up shall be the responsibility of the respective Dealer.
- Surveillance Department shall review the BEST system periodically
- to deactivate the inactive clients.
- to allot respective client codes to the dealers.
- Surveillance Department shall maintain a separate register of all reported client modification cases.
- Surveillance Department shall keep regularly review the register, and keep strict monitoring on the Dealers repeatedly making errors. All such reports shall be forwarded to Management for further actions.
Reference :
SEBI Circulars
- CIR/DNPD/6/2011 dated January 01, 2011
- CIR/DNPD/01/2011 dated July 05, 2011
NSE Circulars
- NSE/INVG/2011/596 dated February 17, 2011
- NSE/INVG/2011/18484 dated July 29, 2011
- NSE /INVG/2011/870 dated August 26, 2011