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Stewart And Mackertich Wealth Management Ltd

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As stated in the new circular from NSE, additional margins shall be made applicable for all equity derivatives in phases starting from 14th September 2018

Product & Services

Currency Trading

Currency derivatives can be described as contracts between the sellers and buyers, whose values are to be derived from the underlying assets i.e. the currency amounts. World 's largest market - Driven by fundamentals . A market that attracts about $5.2 trillion in daily volume, recognized as world 's largest market, accessible globally 24 hours a day - that is exactly what the Currency market is made up of! The advantage of small margin requirements and lower entry barriers makes it an important part of a retail investor 's portfolio. The best part about trading in currencies is that you don 't need to open a new account or have different funds for this asset class. You can use the margin money and collaterals across Equity, F&O & Currencies on the same platform. No separate investment is required for Currency Trading. Currency Derivatives are also very efficient risk management instruments offering benefits such as:

Hedges risk

Acts as insurance against unforeseen and unpredictable currency and interest rate movements.

If receivables or payments to be incurred are in multiple currencies,

If receivables or payments to be incurred are in multiple currencies,

Benefits to Small & Medium Enterprise(s):

SMEs do not receive support from banks readily due to higher counter party risk, lesser solvency and ability to honour its obligations. They may have to pay higher commissions making the transaction cost higher and the reducing the profit margins. Exchange traded currency derivatives will help these firms to hedge their risk with lower transaction costs. Opening up of trading in currency derivatives will give relief to small traders and SMEs.

Stewart &Mackertich, against the back drop of dealing in foreign affairs and clients, has developed over the years expertise in guiding corporates against their currency exposure risk.

Contract Specification & Features:

Underlying : Rate of exchange between 1 USD & INR

Pair : USD/INR, EUR/INR, GBP/INR, JPY/INR

Contract Months : The maturity of the contracts shall not exceed 12 months

Expiration date and time / Last trading day & time : At 12:30 noon, two working days prior to the last Mumbai Interbank Settlement day of the month

Min Price fluctuation / Tick size : 0.25 Paise or INR 0.0025

Settlement Daily Interim MTM settlement Final settlement: The contracts shall be quoted and settled in Indian Rupees based on daily closing price of the contract and settlement price shall be the Reserve Bank's Reference Rate on the last trading day .

Margin required for 1 lot USD/INR : 1.75% on the first day & 1% thereafter

Market timings: 9:00 AM to 5:00 PM

FAQ On Currency Trading:

Foreign exchange or Forex is the simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer and are executed in currency pairs. For example: the Euro and the US Dollar (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY). The Foreign Exchange Market (Forex) is the largest financial market in the world, with a daily volume of over $5.2 trillion. This is more than three times the total amount of the stocks and futures markets combined. Unlike other financial markets, the Forex spot market has neither a physical location nor a central exchange. It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. This fact - that there is no centralized exchange - is important to keep in mind as it spreads throughout all aspects of the Forex experience.

USD-INR - 1000 Dollars, EUR-INR - 1000 Euros, GBP-INR 1000 GBP, JPY-INR - 1,00,000 JPY

2 working days prior to the last business day of the month

Mission

To be Reliable Managers to Our Clients Wealth, and deliver higher returns than benchmarks in a Rational, Intelligent, Scalable and Repeatable manner

Attention Investors

1. KYC: KYC is one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | 2. Prevent Unauthorized Transactions in your Demat Account: Update your Mobile Number and Email address with your Depository Participant. Receive alerts on your Registered Mobile and Email address for all debit and other important transactions in your Demat Account directly from CDSL/ NSDL on the same day.... issued in the interest of investors. | 3. Prevent Unauthorized Transactions in your Broking Account: For Stock Broking Transaction 'Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors. | 4. "Rights & Obligations of Stock Broker and Client”: Uniform Risk Disclosure Documents (for all segments / exchanges) and Guidance Note detailing Do’s and Don’ts for trading on exchanges in the vernacular languages are available on NSE website at https://www.nseindia.com/membership/content/complinc_trading_mem.htm and can be downloaded | 5. Caution towards unsolicited messages: Please Refer Exchange Circulars: BSE Notice 20171117-18 dated 17-11-2017, BSE Notice 20180515-39 dated 15-05-2018, NSE Circular- 0208/2017 dated, 17-11-2017 NSE Circular: 0080/2018 dated 15-05-2018. Beware about unsolicited messages and refer the List of symbols in which messages received, appearing on Exchange Website : https://www.nseindia.com/ and https://www.bseindia.com/. Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of unethical behaviour, systemic wrongdoing or potential frauds through the anonymous portal facility provided on BSE & NSE website. | 6. IPO: No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign the application form to authorize you bank to make payment in case of allotment. No worries for refund as the money remain in investor's account. | 7. “Stewart & Mackertich Wealth Management Limited as a Broker does not guarantee any return on investment or trading as the return on Investment and/or trading are subject to Market Risk” 8. SCORES: Filing complaints on SCORES - Easy & quick | a. Register on SCORES Portal | b. Mandatory details for filing Complaints on SCORES - Name, PAN, Address, Mobile Number, Email ID | c. Benefits - Effective Communication and Speedy Redressal of the Grievances. |

Registration Numbers: Single SEBI Registration No.: NSE (Cash) NSE (F&O) NSE (CD) BSE (Cash)

BSE (F&O) BSE (CD); MCX; ICEX; :INZ000220635; CDSL & NSDL SEBI Registration No.: IN-DP-24-2015; AMFI: ARN-3080;

PMS: INP000004623: CIN-U51109WB1993PLC060987

RESEARCH ANALYST SEBI REGN. NO.: INH300001474

Regd. Office Address: 4, Lee Road, Vaibhav, 5th Floor, Kolkata – 700 020

West Bengal, India; Tel. No.: (91 33) 6634 5400, (91 33) 4011 5400; FAX: (91 33) 2289 3401

For any Grievance mail to Email: investors@smifs.com; Customer Care Email: helpdesk@smifs.com

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