Descripción: This Incident Management & Communication Procedures manual contains Severity 3 incident response tools. Severity 3 incidents are the highest level and most critical of events that occur within our...
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Security Analysis and Portfolio Management project report
An Account Opening Form in the standard format to be duly filled and signed by the client.
2.2
Portfolio Manager to seek approval from the Divisional Manager for opening the trust accounts without facility.
2.3
If a margin facility is requested, the Portfolio Manager should send the proposal, through the Divisional Manager, for the Investment Committee’s approval.
2.4
All specific requests and instructions by the client to be maintained in the client file for appropriate action by the respective departments. 2.5
2.6
Portfolio Manager to activate the account only after securing written approval from the operation department.
Operations department to provide the Portfolio Manager with a copy of the signed agreement for records or provide for the details of the agreement to be installed in the computer system.
3.1.1 Formulate investment strategy for long term as well as trading portfolio using key inputs from the Research and Analysis department. 3.1.2 Set guidelines for trading portfolio on weekly basis and circulate secondary market opportunities to the client on weekly basis. 3.1.3 Review investment plan for long term portfolio at regular intervals and modify investment plan if necessary. 3.1.4 Adhere to entry and exit levels as specified in investment plan and revise levels as per market conditions. 3.1.5 Seek to maximize returns in the local as well as overseas markets. 3.1.6 Adhere to the agreed margin levels without any deviation. 3.2
Non Discretionary Portfolio
3.2.1 Portfolio Manager to inform in writing that the client is responsible for the management of his portfolio. 3.2.2 Client orders to be executed only on written instructions. 3.2.3 Wherever a margin facility has been provided, Portfolio Manager to inform client that purchase of securities will be restricted to an approved list of security. 3.2.4 Portfolio Manager to will provide the client with research and market information support to enable the client take prudent decisions. 3.2.5 Advise on any new investment opportunities to the client. 3.2.6 Adhere to the agreed margin level without any deviation.
Date from which effective: Replaces procedure No. Issued By:
Trading
4.1
Purchase of Securities
:Approved By
Subject: Portfolio Management Procedure Manual
Procedural Steps
4.
Procedure .No
Sheet 3 out of 5
4.1.1 Check Cash position or margin status. 4.1.2 Check investment plan suggested and adherence to approved list of securities. 4.1.3 Written orders to operation department duly checked by portfolio manager and approved by the Division Manager. 4.1.4 Check confirmation Vs orders placed. 4.1.5 No carry over of incomplete orders; a new order should be placed in the standard format with the operations department for completion of the entire order. 4.1.6 Check the portfolio statement and client statement of account after each purchase. 4.1.7 Keep cash reserve at specified level as suggested in the investment plan. 4.2
Sale of Securities
4.2.1 Check the exit strategy suggested in the investment plan. 4.2.2 Written orders to operation department duly checked by portfolio manager and approved by Divisional Manger. 4.2.3 Written instructions to operation departments to carry out unexecuted orders if any, to the following day and this depends on the prevailing market conditions and the investment strategy. 4.2.4 Check the portfolio statement & client statement of account after each sale.
Date from which effective: Replaces procedure No. Issued By:
:Approved By
Subject: Portfolio Management Procedure Manual
Procedural Steps
4.3
Procedure .No
Sheet 4 out of 5
Initial Public Offers
4.3.1 Subscribing for IPO from the trust account is not permitted. However on a case to case basis and depends on free reserve in the account GIS will subscribe at the request of the client Procedures to be followed. 4.3.2 Instruct Operation department about the request from the client. 4.3.3 Ensure the subscription and allotment. 4.3.4 Instruct operation department to transfer shares in the client trust account with GIS. 5.
Margin Status
5.1
Monitor margin position on daily basis.
5.2
Not to exceed at any point of time the facility offered to the client.
5.3 Not to purchase until the account reaches agreed percentage by the management. 5.4
Initiate action to cover up short fall in the margin in the account.
6.
Reporting to client
6.1
Weekly report on portfolio status and client statement of account to be circulated to clients wherever required.
6.2
Meeting with client at regular intervals and also on request basis.
6.3
Circulate analysis report on companies and share information that are helpful in taking investment decisions.
