TMI BlogFOR OPENING OF TRADING TERMINALS ABROADX X X X Extracts X X X X X X X X Extracts X X X X ..... terest in investing a large number of their portfolios in the Indian markets, it was felt that a facility should be provided whereby an eligible overseas investor can place an order on a real-time basis, rather than telephonically. The Stock Exchanges/ Members shall follow the following guidelines for opening and maintaining the trading terminals abroad : Eligibility Criteria Such tradi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eign countries, wherever required. Operation of the terminals Any investor abroad who is permitted to invest in India i.e. NRIs/OCBs/FIIs/PIOs shall be able to place orders on the trading terminal of the Exchange available at the office of the Indian broker maintained abroad. The order fed on the live terminal shall be executed on the computer of the Exchange in India. The service to the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exceeding the maximum brokerage permitted as per the rules, regulations and bye-laws of the exchange. No Negotiated Deals shall be permitted through these terminals and only screen based order matching system shall be available on these terminals. Settlement Procedure All trades shall be settled in India in dematerialized form only. Clients with status of FIIs shall settle the trade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re executed on these terminals. Jurisdiction The agreement between the trading member and constituent should, inter alia, state that, all trades, transactions and contracts are subject to the Rules, Bye Laws and Regulations of the Exchange and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of __ , India for the purpose of giving eff ..... X X X X Extracts X X X X X X X X Extracts X X X X
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