POLICIES & PROCEDURES

Refusal of orders for penny/illiquid stock. Setting up client's exposure limits and conditions under which a client may not be allowed to take further position or the broker may close the existing position of a client Applicable brokerage rate Imposition of penalty/delayed payment charges The right to sell clients' securities or close clients' positions, without giving notice to the client, on account of non-payment of client's dues Shortages in obligations arising out of internal netting of trades Conditions under which a client may not be allowed to take further position or the broker may close the existing position of a client De-registering a client Policy regarding treatment of inactive accounts