Frequently Asked Question
14. Why did I receive an email and SMS from the clearing corporation regarding the allocation of funds?
Last Updated 8 months ago
As per SEBI guidelines (WEB), stockbrokers are required to allocate client funds on a segment-wise basis with the Clearing Corporation (CC). This means that the balance held with Upmove will be segregated and allocated based on the trades and margin utilization. The Clearing Corporation (CC) sends emails and SMS notifications to inform clients about the segment-wise allocation. Clients do not need to take any action.