7/28/2019 Running Account Authorisation

http://slidepdf.com/reader/full/running-account-authorisation 1/1

Annexure

VOLUNTARY

To,

JM Financial Services Pvt. Ltd.

4th Floor Palm Court,

'M' Wing, Link Road,

Malad (W), Mumbai - 400 064

Sub: Authority to retain funds/securities towards margin in Cash/Capital/ F&O /Derivatives

Segment Mutual funds segment and to deposit the collaterals with the Stock Exchanges towards

margin.

I, the undersigned, am in the process of registering myself as a client with you for executing my secondary

market trades from time to time in Cash/Capital and/or F&O segment (including currency derivatives)

and/or for Mutual Fund dealing in the units of Schemes permitted to be dealt with on the trading platform

of Bombay Stock Exchange Ltd. (BSE) and/or National Stock Exchange of India Ltd. (NSE) and/or MCX

Stock Exchange Limited (MCX-SX) (hereinafter collectively called as “the Stock Exchanges”). In

connection with the same, I authorize JM Financial Services Pvt. Ltd. ('JMFS'), as mentioned herein

 below:

For the purpose of operational convenience, I hereby give my consent to maintain my account, both for the

funds and securities, on running account basis and settle the same once every quarter, unless and otherwise,

I request in writing to settle once every month. Consequent upon your execution of my secondary market

trades including my transactions on the Mutual Fund trading platform, I have either to pay or receive funds

and/or securities depending upon my securities' transactions. In the event if I have to receive

funds/securities from you on declaration of pay-out of funds or securities by the Stock Exchanges, I hereby

authorize you to retain the funds and/or securities, as the case may be, with you as margin towards my

ongoing secondary market transactions from time to time in Cash/Capital market and/or F&O segment. My

above authority is notwithstanding the fact that trading members are required to make payment of funds

and/or transfer securities to their Client/Clients' accounts within one working day from the declaration of 

 pay-out of funds and/or securities by the Stock Exchanges. You are further authorized to utilize the

funds/securities thus retained by you towards any of my settlement obligations/dues or margin requirement

that I/we might have towards you on any account either in Cash/Capital market and/or F&O Segments of 

any of the Stock Exchanges. You are further authorized to utilize my/our funds/securities that are available

with you from time to time towards any of my settlement obligations/dues or margin requirement that I

might have towards you on account of my dealing in the units of Mutual Fund units permitted to be dealt

with, on the trading platform of the Stock Exchanges viz. StAR Mutual Fund of BSE and Mutual Fund

Service System of NSE. I, hereby authorize you to deposit any and all the securities kept as collateral byme, from time to time, with the Stock Exchanges and/or clearing corporation of the Stock Exchanges

towards margin.

Unless otherwise consented by me the authority as given above will remain valid for a period of one year 

from the date of execution of this letter and is revocable by me at any time by giving a written intimation

thereof to you. However, the said revocation shall not adversely affect your right to adjust the

funds/securities towards my outstanding settlement obligations/dues till the date of receipt of revocation

intimation in writing by you. Notwithstanding this, you shall have absolute right to meet my/our margin

obligations for next five trading days in the F&O Segment and as prescribed by the Stock Exchanges.

Date: ______________________ Signature: ____________________________ 

Note : Incase you want us to settle the fund and/or securities on a monthly basis, please give us therequest in writing.