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New Debtor's Policy In continuation to our email on the new SEBI guidelines, customers are requested to herewith note the debtors policy which will be implemented with effect from April 1,2004. The settlement payment has to be made on T+2 basis i.e. before 3.30 pm on the Pay-in Day of the transaction. Failing to do so we will be compelled to liquidate your position/stock, which will be at the sole discretion of kotaksecurities.com. At any point of time customers are also required to maintain a margin cover of 25% against the exposure. We will be compelled to liquidate your position if your margin position falls below 20%. The above debtor's policy is subject to change based on new SEBI guidelines. We request our customers to kindly cooperate to avoid inconvenience. Thanking you Team- kotaksecurities.com