RegAlertRule · BSEC · 30 Sep 2012
Directive: Regarding Margin Ratio by the Stock Broker
The Securities and Exchange Commission mandates that stock exchange members adjust the maximum limit of credit facilities for approved clients according to a phased schedule under the Margin Rules, 1999. From September 30, 2012, until June 30, 2013, the existing 1:2 margin ratio applies. Subsequently, the ratio decreases to 1:1.5 from July 1, 2013, to December 31, 2013, then to 1:1 from January 1, 2014, to June 30, 2014, and finally to 1:0.5 effective July 1, 2014.
No. SEC/CMRRCD/2009-193/135 September 30, 2012 DIRECTIVE Further to the Directive No. SEC/CMRRCD/2009-193/92 dated January 10, 2011 issued by the Securities and Exchange Commission, the members of the stock exchanges may now extend maximum limit of credits facilities to their approved clients in the following manner under the Margin Rules, 1999, until further order:-
1) Upto 30/06/2013, existing margin ratio shall exist i.e. 1:2 (credit facilities upto 2
(two) times of clients’ margin/clients’ deposit);
2) From 01/07/2013 to 31/12/2013, Credit facilities shall be on 1:1.5 basis i.e. 1.5 times
of clients’ margin/clients’ deposit;
3) From 01/01/2014 to 30/06/2014, Credit facilities shall be on 1:1 basis i.e. equal of
clients’ margin/clients’ deposit; and
4) From 01/07/2014, Credit facilities shall be on 1:0.5 basis i.e. 50% of clients’
margin/clients’ deposit.
This shall have immediate effect.
By order of the Securities and Exchange Commission
Prof. Dr. M. Khairul Hossain
Chairman.
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- Issued under
- Directive No. SEC/CMRRCD/2009-193/92 dated January 10, 2011Not in RegAlert
“Further to the Directive No. SEC/CMRRCD/2009-193/92 dated January 10, 2011 issued by the Securities and Exchange Commission”
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