Who is getting the Credit facility?

Hawk Eye · 1 Who is getting the Credit facility? Wed Jan 18, 2012 9:43 am

Hawk Eye

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Brokers have got the green light to give credit, have they done it, Whom are the going to give credit to, on what basis.

Universalgoal · 2 Re: Who is getting the Credit facility? Wed Jan 18, 2012 9:59 am

Universalgoal

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is anyone get credit in this forum? i didnt

Deva · 3 Re: Who is getting the Credit facility? Wed Jan 18, 2012 10:35 am

Deva

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According to my broker there wouldn't be any change on the credit facility for their clients, as they have been providing credit. It will be beneficial only to the broker firms who were not in a position extend credit facilities.

Majority of of the investors may be with this big broker firms.
Hence, my understanding is that impact from the credit relaxation would be very minimal.
Is the market suffering due to these factors?

Last edited by Deva on Wed Jan 18, 2012 10:40 am; edited 1 time in total

Malika1990 · 4 Re: Who is getting the Credit facility? Wed Jan 18, 2012 10:38 am

Malika1990

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me too

dsam · 5 Re: Who is getting the Credit facility? Wed Jan 18, 2012 10:58 am

dsam

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I think credit facility may have given to big investors by brokers.I think it is not a bad idea.

ct.trader · 6 Re: Who is getting the Credit facility? Wed Jan 18, 2012 11:24 am

ct.trader

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Deva wrote:According to my broker there wouldn't be any change on the credit facility for their clients, as they have been providing credit. It will be beneficial only to the broker firms who were not in a position extend credit facilities.

Majority of of the investors may be with this big broker firms.
Hence, my understanding is that impact from the credit relaxation would be very minimal.
Is the market suffering due to these factors?

Exactly! But no one will believe this because this is not what people want to hear.
THe truth is that there has been no forced selling since last year August. Nothing has really changed with the new rule. It was just a 'gilmart' thought up by the brokers to help their favourite clients to sell out. you, (yes I am talking to you and not to deva) are the buyer