A Share Trading Limit provides a more flexible securities trading service to clients. When a client places purchase orders through the Brokerage house, he is not required to have sufficient funds in his settlement account at the time of the order placing. Provided that the total settlement amount for purchasing the securities does not exceed the total buying power, which is calculated on the aggregate total of the following items (1) the approved Share Trading Limit, (2) the sale proceeds from securities sold through the Brokerage House and pending for settlement, and (3) the total available funds of the client's account, the Trader will accept the purchase orders. Subsequently, the customer has to deposit the full settlement amount into the settlement account on or before securities settlement date.
But the process is not so smooth as is described; rather, there are lots of instances of mismanagement and frauds concerning this. Since the limit setting is a manual process, this is always a time consuming and retains the risk of error as well. Quick Limit Setter is designed in such a well manner that no such problem will exist anymore.