Fast Track System
allows members to provide the following facilities to their clients:
the members wish they can request CSBL to
Give a terminal id
to their client
client’s shares directly in their account.
client’s pay out directly in their account.
Subject to a
tripartite agreement the client will be treated as equivalent to a
member (for practical purposes only)
Member will be
responsible for entire dealings
TO THE FTS CLIENTS
sub-brokers desirous of availing this facility shall register their
client with the Fast Track System of Cochin Stock Brokers Limited.
tripartite agreement has to be executed between the Sub-broker, Fast
Track System client and Cochin Stock Brokers
Sub-broker shall arrange to have an insurance policy taken to cover
any loss or damages sustained by Fast Track System Client, Cochin
Stock Brokers Limited and the sub-broker.
Stock Brokers Limited shall be at liberty to amend and alter or
modify the terms and conditions and also to withdraw the scheme of
Fast Track System with prior notice to the sub-broker.
to be charged from the
sub-brokers for the transactions done by the
clients trading through the Fast Track System will be as
ending in delivery = 0.037%(subject to a minimum of one paisa per
( Normal Brokerage =0.017%, Additional FTS Service charge =0.003%,
Additional Brokerage for Delivery = 0.017%(0.037-0.02))
ending in squaring = 0.02%(subject to a minimum of one paisa per
( Normal Brokerage =0.017% , Additional
FTS service charge = 0.003%)
must issue purchase/sale note to Fast Track System Clients (as per
SEBI-Stock Brokers Regulations –code of conduct of Sub-Brokers
–Regulation15(B)(2)(a) and (b)
shall intimate the company the rate of brokerage he is charging the
fast track system client.
Fast Track Client Cannot become Fast Track Client of another
CSBL will have liberty to cancel the registration of the Fast Track
System Client , if he defaults in margin/settlement pay-in.
rules and regulations applicable to the sub-brokers will be
applicable to the Fast Track System Clients.