Why I didn’t receive my Quarterly Settlement?

1. Brokers can retain the funds if a client has an outstanding position on the first Friday of the quarter on which settlement is scheduled.

2. If the account is opened after the previous quarterly settlement date, the funds will not be transferred back for the current quarter.

3. The Broker can retain the Client’s fund for below reasons:

i. Entire pay-in obligation of funds outstanding at the end ofthe  day on the date of settlement, across all segments.
ii. Trading Member may retain 50% of end of the day (EOD) margin requirement as cash margin, excluding the margin on consolidated crystallized obligation/ MTM.
iii. Brokers may retain 50% cash margin plus 175% additional margin (total 225%) along with fund pay-in obligations, and any excess will be settled to your account.