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Attachment(s) from noufal tp
1 of 1 File(s)
Attachment(s) from noufal tp
1 of 1 File(s)
Attachment(s) from noufal tp
1 of 1 File(s)
Hi,
This is the circular issued by India Infoline to its customers on Risk Management Policy on June 24 2010
Dear Customer,
Kindly note the following additions to our existing RMS Policy:
a. For the trade done on T day, client shall be required to make payment to IIFL towards the trade obligation on or before T+1 day.
b. NFDC category Client whose adjusted ledger debit balance (ALB) is less than 75% of the value of approved securities held on behalf of the client (in client's demat account, IIFL pool account, client beneficiary account and client margin account) as per IIFL's policy will be allowed to hold position maximum for 5 days from the trade date. Client shall be required to make the full payment towards the trade obligations latest by T+6 day.
c. In case, the client fails to make the payments either by making funds payment or selling the securities in its account by T+6th day, risk selling will be triggered and securities held on behalf of the client by IIFL to the extent of payment obligation of the client shall be sold as per the policy on or before T+7 day and Client shall be kept in square off mode in Trader Terminal.
d. Securities purchased by the client towards which the payment is not made in full shall be held by IIFL in the "Client Beneficiary Account" on behalf of the client to the extent of the payment obligation due from the client till the clearance of the dues.
e. In case client does not settle funds / securities in its account as per the running account authorization at least once in 30 days, RMS will sell the securities and recover the dues.
f. The specific securities to be sold as per the RMS policy shall be at the discretion of IIFL.
g. Clients are advised to check the ledgers and balances through the internet terminal or branches, email or SMS messages on a daily basis and co-operate.
The above changes will be applicable with effect from 28th June, 2010. If you require any clarifications or assistance, you may please contact your respective Relationship Manager or write in to us at info@5pmail.com or contact our Customer Care Desk at 40071000.
Warm regards,
Customer Care
India Infoline Ltd
Another day, another record high for gold. On Friday the August futures contract for gold reached $1,260 an ounce before cooling down. "It's a pretty challenging time in the market and gold represents a couple of different things," says Justin Golden, strategist at Macro Risk Advisors, "and what it now represents for investors is a storage of value when fiat currencies become more risky." The market is nervous, particularly about what is happening in Europe, and Golden quips that it feels like every headline is market-moving these days. The result is some volatile movements in precious metal prices. Golden says the headline people are focused on now is the slower-growth forecast for developed markets. "The consensus seems to be that developed nations will face short-term deflationary pressures before money printing and bloated central bank balance sheets ultimately lead to excess money supply chasing prices higher," he says. Golden expects gold to continue to trade higher as long as the markets are not confident in the ability of governments and central banks to help their economies stand on their own. While the goldbugs have kept the yellow metal in the headlines, there has also been increased interest in silver as a similar store of value play, albeit one with an industrial bent as well. "Some people have called silver the poor man's gold," Golden says, "but silver straddles the industrial use and monetary use fence, and while copper has done poorly because it trades solely off industrial growth, silver offers some protection [thanks to its other uses] and opportunity if the market comes back." Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
The euro bellyflopped last week to close at a fresh four-year low. Hungary's currency fell on its face as that country became the next to join the PIIGS (Portugal, Ireland, Italy, Greece and Spain) in the economic slaughterhouse. The British pound is getting crushed by bad debt. But one currency in Europe is doing very well: Gold!
For years, the euro and gold moved in sync, opposite the U.S. dollar. But that's all changed in the past few months. Now, the euro is plunging and gold is soaring. That's because investors are lining up on the steps of the Athens stock exchange to convert their euro assets to gold at a huge premium. And nervous Germans are buying so many gold kruggerands that South Africa's mint has shifted into overdrive. Around Europe, gold fever is spreading. We're seeing two astounding things in the currency markets right now ... First, the euro is falling at a speed that is unprecedented in modern times for a major currency. The euro is now failing miserably. Why? Because Europe's financial crisis has metastasized into a sovereign debt crisis and finally a full-blown crisis of confidence. Second, gold is reasserting its traditional role as a currency. In fact, more and more people across Europe are realizing that gold is more of a real currency that the paper "funny money" their governments are passing off. Coming next: The euro, which closed below $1.20 on Friday is AT LEAST going to parity with the U.S. dollar in the next 4 to 5 months. Longer-term, there is mounting evidence that the euro may not even survive. In fact, it may not last out the year! This rush out of the euro is helping the U.S. dollar along with gold (and silver). But Americans shouldn't be smug. There is a Tsunami of Trouble rolling across the Atlantic, about to smash into our financial shores. U.S. government debt is just as bad — or worse — as European government debt Total U.S. government debt recently passed $13 TRILLION! There are many U.S. states in worse financial shape than Greece. Heck, some U.S. states, including my native Florida, have to borrow money from Uncle Sam just to pay unemployment insurance. One of the things supporting the U.S. dollar is that international investors think we can still grow our way out of this mess. But with a double-dip recession around the corner, that seems unlikely. When the mass herd of investors clue in, the U.S. dollar will be in for a world of hurt. And gold? Stand back and watch the blast-off! My next target on gold is $1,450 an ounce, and beyond that I expect it to go to $2,300. And it could go a lot higher than that! So now — RIGHT NOW — you need to protect yourself against the potential Gulf-of-Mexico- #1) Double-short the euro. The Market Vectors Double Short Euro (DRR) moves roughly 200% the inverse of the value of the euro. #2) Double-short euro stocks. The ProShares UltraShort MSCI Europe(EPV) tracks roughly 200% the inverse of a basket of leading European stocks. The crisis in the euro itself won't do European stocks any favors in the short-term. You can use the EPV to make the most of it. "Ultra" funds that move 200% of what they track are for short-term trades only, and you can get burned. Be sure you know where you're going to get out before you buy. If you're a more conservative investor, consider my third recommendation ... #3) Go long gold. I think everyone should be buying gold bullion bars and coins. You don't have to go crazy — wait for a pullback, because nothing travels in a straight line. But if you start making a monthly allocation into gold (and its less-glamorous step-sister, silver), I think you'll be very glad you did down the road. After all ... gold is going up now when the U.S. dollar is going up. Since gold is priced in dollars, imagine how high and fast gold will move! And if the dollar stays strong — unlikely, but anything can happen — gold is still a good place to put your money. As it reasserts its status as an international currency, the outlook for gold looks brighter and brighter. And if you want to buy some insurance for your portfolio, allocate some of your investment funds into one of the exchange-traded funds that hold physical gold. The SPDR Gold Trust (GLD) is the biggest and more popular, and has added more than 11% to its physical gold holdings since the beginning of May. There are other choices in gold ETFs as well. Buying gold would be a good start. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
I AM FORWARDING FOR THE SOCIAL CAUSE. I REQUEST EVERYONE TO SPARE
5 MIN. AND SEND LETTER TO Mr. JAIRAM RAMESH.
I ALSO REQUEST YOU TO INVOLVE AS MANY PEOPLE AS YOU CAN.
Ravindra Deshpande
-------- Original Message --------
| Subject: | Fw: Turtles |
|---|---|
| Date: | Sat, 26 Jun 2010 08:38:20 +0530 (IST) |
| From: | Ravindra Deshpande <cardecin@yahoo. |
| To: | Ravi Deshpande <saharsh1@gmail. |
--- On Fri, 25/6/10, Ashish Fernandes, Greenpeace India <Greenpeace.india@
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