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4min chapter
SEBI takes a big chunk of income away from stock brokers
Capitalmind Podcast
Default Risk Bearing Capabilities to the Clearing Corporation
Merico: It's actually true that the risk was low but you know the risk is low basically because we don't remember a lot of that probably. There is there is a risk that brokers continue to bear, customer like I told you that if the futures options margin double three times customer doesn't have any money, brokers still have to deal with it in a sense. So they can't pay from somebody else's cash but you know what they still have to bear it. Merico: The problem is the whole system gets undermined if one large broker breaks down and suddenly you're saying some other dude didn't do anything wrong so why are you making me suffer?
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