(All the clauses mentioned in the ‘Rights and system and undertakes to ensure that
the Obligations’ document(s) shall be applicable. password of the client and/or
his authorized additionally, the clauses mentioned herein shall representative are
not revealed to any third also be applicable.)
- Stock broker is eligible for providing Internet based trading (lBT) and securities
trading through the use of wireless technology that shall include the use of devices
such as mobile phone, laptop with data card, etc. which use Internet Protocol (lP).
The stock unauthorized access through his username/ broker shall comply with all
requirements applicable to internet based trading/ security trading using wireless
technology as may be specified by SEBI & the Exchanges From time to time.
- The client is desirous of investing/ trading in securities and for this purpose,
the client is desirous of Listing either the internet based trading facility or
the facility for securities trading through use of wireless technology. The Stock
broker shall provide the Stock broker’s IBT Service to the Client, and the client
shall avail of the Stock broker’s IBT Service, on and subject to SEBI/Exchanges
and the terms and conditions specified on the Stock broker’s IBT Website provided
that they are in line with the norms prescribed by Exchanges/SEBI.
- The stock broker shall bring to the notice of client the features, risks,
responsibilities, obligations and liabilities associated with securities trading
through wireless technology/internet/smart order routing or any other technology
should be brought to notice of the client by the stock broker.
- The stock broker shall make aware that the stock broker’s IBT system itself
generates the initial password and its password policy as stipulated in line with
norms prescribed by Exchanges/ SEBI.
- The Client shall be responsible for keeping the Username and Password confidential
and secure and shall be solely responsible for all orders entered and transactions
done by any person whosoever through the Stock broker’s IBT System using the Client’s
Username and/ or password whether or not such person was authorized to do so. Also
the client is aware the authentication technologies and strict security measure
are require for the internet trading/securities trading though wireless technology
through order routed system and undertakes to ensure that the password of the client
and/or his authorized representative are not relevant to any third party including
employee and dealers of the stock broker.
- The Client shall immediately notify the Stock broker in writing if he forgets
his password, discovers security flow in stock Broker’s IBT System, discover/suspect
discrepancies/ unauthorized access through his username/password/account with full
details of unauthorized use, the date, the manner and the transaction effected pursuant
to such unauthorized use, etc.
- The Client is fully aware of and understands risk associated with availing
of a service for routing order over the internet/securities trading through wireless
technology and client shall be fully responsible for any and all act done in client’s
username/password in any manner whatsoever.
- The stock broker shall send the order/trade confirmation through email to
the client at his request .The client is aware that the order/trade confirmation
is also provided on web portal. In case client is trading using wireless technology,
the stock broker shall send the order/trade confirmation on the device of the client.
- The client is aware that trading over the internet involves many uncertain
factor and complex hardware, software, system, communication line. Peripherals,
etc. are susceptible to interruption and dislocations. The stock broker and the
Exchange do not make any representation or warranty that the stock broker’s IBT
Service will be available to the client at all time without any interruption.
- The Client shall not have any claim against the Exchange or the stock broker
on account of any suspension, interruption, non-availability or malfunctioning of
the stock broker’s IBT system or service or the Exchange Service or system or non-execution
of his order due to any link/system failure at client/stock broker/Exchange and
for any reason beyond the control the stock broker/Exchange.