Account Opening

The client has to open an account with Altos Advisory Services Ltd. by way of Cheque/Cash/ Demand Draft and has to sign the Risk Disclosure Statement and Agreement with Altos Advisory Services Ltd. Withdrawals will be honoured by means of A/C Payee Cheques only.

(Address Proof, ID Proof and two photographs of the client is mandatory for opening an account)

The Client has to fully understand the risks associated with the trade before he enters into the trade.

Banking

For efficient clearing, settlement and guarantee system, Altos has an automated clearing and settlement system with HDFC Bank as its Settlement & Clearing Bank for maintenance of Client�s Margin

Margin requirement:

• Margin requirement is as per exchange norms

• Additional Variation Margin will be imposed by the exchange/member based on the volatility of the market

Commodities traded:

All commodities are traded on the exchange. The client will be provided with a daily trading statement via e-mail to apprise him of the status of his accounts after the previous days� trading.

Altos will then send original copies of the account statements by courier to the clients every week. Any position entered by the trader can be intimated to the respective client as and when the clients requires him to do so, according to the client's own convenience through the telephone/fax. There is no lock-in period for the margin.

Modus Operandi of Trading

Altos provides trading facility through V-Sat Terminal connected to the Exchange. Trading at Altos is done in an Order Driven Market. Altos sets up the trading limit to its clients. The traders place orders (buy or sell) using the client code assigned to the client and the orders are placed online and are thrown to the Exchange. Trading is done on anonymous basis without disclosing the counter party. This provides transparency to the trading system.

Generation of statements

Altos maintains a separate account for each and every client. The back office software automatically calculates Initial Margins and M2M (Mark to Market) margins of the member on a daily basis. The information regarding pay-ins and pay-outs arising in calculations of positions of members is transferred at the end of trading hours electronically and Contract notes, Mark to Market Billing, Margin Call (if any) showing the margin amount, commission charges, number of lots traded, number of open and liquidated positions are issued to the clients. The client can also take delivery of underlying commodity that is backed by a Warehouse Receipt System.