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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Broker Credit

Broker Credit

5 posters

Go down  Message [Page 1 of 1]

1Broker Credit Empty Broker Credit Thu Jan 21, 2021 9:46 pm

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
Can some one tell me how long broker give credit for

2Broker Credit Empty Re: Broker Credit Fri Jan 22, 2021 7:34 am

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
Normally you have to settle the amount within 3 days time.
If we fail to settle they have right sell our stocks force sell but these days normally they not doing that but asking us to settle the cash or sell it as much as quickly.

3Broker Credit Empty Re: Broker Credit Fri Jan 22, 2021 9:14 am

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
They are charging penalty interest per day.

4Broker Credit Empty Re: Broker Credit Fri Jan 22, 2021 9:23 am

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Brokers Paradox
----------------------------
It seems role of broker becomes obsolete by now. Most of them fail to give credible opinion. Says, cant sure, lets see, dont know, don't know what will happen bla bla.. And just issue reports with available data with different colours only.
Its time to review Fee on transaction

samaritan, AsithaDe and geesura like this post

5Broker Credit Empty Re: Broker Credit Fri Jan 22, 2021 8:40 pm

madukp


Expert
Expert
Don't go on credit, open margin account. be your own boos in this rally.

6Broker Credit Empty Re: Broker Credit Fri Jan 22, 2021 10:14 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stockchaser wrote:Can some one tell me how long broker give credit for

Dear
This will be depend on the broker. Some brokers give credits for 15 days, 30 days and no day etc.

Some brokers are managing the retailers credit periods indirectly to decide the price.

stockchaser likes this post

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