FYSL FAWAD YUSUF SECURITIES
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Frequently Asked Questions

Account Opening

Can my account be refused to be opened?

Where do I send my initial deposit?

What is an Internet trading account?

I am new to the market, where can I find definitions of financial terms?

Can I use my online account to keep updated on my portfolio during the session or even after the session?

How do you notify clients about their order executions?

When can I start placing orders?

How long does it take to activate/open an account?

What is the minimum amount required for opening an account?

Is there help available to understand the trading system?

What is an ISP and why should it matter which service provider I use?

Who can I contact with all my questions?

I have just registered, but I cannot log in?

Technical Assistance

How do I enable Java or JavaScript in my browser?

How do I verify my operating system?

How do I verify my hard disk space?

What is an Adobe.pdf file and how do I view it?

What is the difference between 'Margin' and 'DVP' Accounts?

What is the difference between Delivery Versus Payment (DVP) and Margin Trading?

What is Equity?

Is there any research material available to review for trading?

What are Stop Loss Orders?

What is the procedure to cancel pending orders during system failure?

I already have a CDC Investor’s A/C, what is the procedure to transfer shares from my CDC Investor’s A/C to my FYSL Trade A/C?

Can I transfer my securities from my FYSL Trade A/C to another member’s A/C?

What is 'Working Capital'?

What is 'Total Annualized Return'?

What is 'Turnover Ratio'?

What is a 'Symbol'?

What is 'Real Return'?

What is Relative 'Strength'?

How can I calculate my 'Return on Investment' (ROI)?

What is 'Revenue'?

What does 'Quick Ratio' mean?

What does YTD stands for?

What is a 'Limit Order'?

What does 'Earning per Share' mean?

What is a Margin Call Alert?

What is the 'Auto Sell' Function?

How are my orders processed and settled via internet?

What are the risks of securities trading?

How do I place/cancel my orders when I am unable to login into the software?

Where do I find the relevant rules and regulations governing securities trading, information regarding rights and obligations of the Investors, relevant legal provisions for Investor Protection, complaint handling and arbitration procedures, etc?

 
Can my account be refused to be opened?

Yes, FYSL Trade reserves the right to refuse your account without mentioning any reason.

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Where do I send my initial deposit?

You can submit a cheque; Demand Draft (DD) or Pay Order (PO) in favor of ‘Fawad Yusuf Securities (pvt) Ltd.’ along with the account opening forms. OR you can also deposit cash/cheque and even send it online directly in any of the following bank accounts:

      Bank Name: Habib Metro Bank LTD
      Account Title: Fawad Yusuf Securities (pvt) Limited’
      Account Number:0118-20311-106355
      Branch Code: 0118


      Bank Name: Bank Al Habib
      Account Title: Fawad Yusuf Securities (pvt) Limited’
      Account Number:1012-0081-000782-01-9
      Branch Code: 1012


      Bank Name: Summit Bank LTD.
      Account Title: Fawad Yusuf Securities (pvt) Limited’
      Account Number:1-2-5-20311-714-102191
      Branch Code: 20311

In case of directly depositing cheque to our bank accounts, kindly submit the original cheque and bank deposit slip along with the account opening forms.

For Online transfers, send us a screenshot of your payment and your invoice/receipt number through WhatsApp on any of these numbers:
1) 0315-2974566

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What is an Internet trading account?

It refers to a trading account fully administered and operated by an individual investor to trade in the Pakistan Stock Exchange from anywhere around the world via internet through our Trade Cast software program on your PC or the Tick app on your mobile phone.

To sign up for our online services, either mention when submitting your account opening form or get in touch with us by giving us a call at: 021-32460684-85

For Trade Cast:


Step 1: Download Java™

Step 2: Download Trade Cast


For further assistance, go to the ‘Trading Guide’ tab on our website and then click and view the ‘Trade Cast User Guide’ (In short, Trading Guide > Trade Cast User Guide)


For Mobile App:

Apple iPhone/iOS

Android phones


Note: It can take up to 2 days for activation. Also once your account is activated, your ID and password provided can be used once per session either on Trade Cast (PC software) or the Mobile app.

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I am new to the market, where can I find definitions of financial terms?

Visit the main PSX webpage (www.psx.com.pk) navigate to the ‘Investor Center’ tab and then to ‘Investor Guide’ and you’ll see topics which you can cater to your learning experience.


In short: PSX main page > Investor Center > Investor Guide.

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Can I use my online account to keep updated on my portfolio during the session or even after the session?

Yes. You may monitor your trading activities by logging on to your online trading account by using your login credentials anytime during the session or even after it till 6pm.


Note: Your account cannot be accessed during the weekends.

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How do you notify clients about their order executions?

Customers may view their order status directly by logging on to their online trading accounts or we have this practice to send them the order confirmation email containing details about their executed transactions, at the day end.

Also we offer SMS notifications during signing up of your account. Please do mention it when submitting your account forms.

Get in touch with us if you need any further assistance on these numbers: 021-32460684, 021-32460685

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When can I start placing orders?

Once the account will be opened, your account will be activated and you will be able to place your orders.

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How long does it take to activate/open an account?

The registration process usually takes:

  • 3 - 4 working days for cheque deposit
  • Up to 15 working days for OBC (Outbound Cheque)

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What is the minimum amount required for opening an account?

Minimum amount required to open an online trading account at FYSL Trade is Rs. 25,000/-

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Is there help available to understand the trading system?

Yes, you may call us during off hours at any of the numbers below and discuss the nature of your query.


021-32425731-8


OR

Go to PSX webpage (www.psx.com.pk) > Investor Center > Investor Guide.

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What is an ISP and why should it matter which service provider I use?

A very important part is the quality of your connection and it depends on the ISP i-e Internet Service Provider. Your choice of ISP should be made carefully. The determining factors should be how quickly you get connected during peak times and consistency of service.

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Who can I contact with all my questions?

You may call us at any of the numbers below for your queries:


021-32425731-8
021-32460684
021-32460685
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I have just registered, but I cannot log in?

Check your login and password, as they may be case-sensitive and retry. Otherwise get in touch with us by calling us at any of these numbers: 021-32460684-5.

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How do I enable Java or JavaScript in my browser?

Make sure you have Java Installed on your computer Download Java™


You can test if Java is installed on Firefox, Internet Explorer or Safari on Mac by clicking on this link:

Note: Chrome does not support Java and therefore will not show if it is working.

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How do I verify my operating system?

For Windows:


  • From the "Start" menu select "Settings" and then "Control Panel".
  • In the "Control Panel" menu double click on "System".
  • For Windows 8 or Windows 10, in the “System” menu, find the About tab and click it.
  • Verify the Operating System, processor type and the KB of RAM memory.
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How do I verify my hard disk space?

For Windows:


  • Double-click on the "My Computer" icon on the Windows desktop.
  • Single right-click on the Hard Drive (Local Disk C:) icon.
  • Select "Properties" from the drop-down menu and check the available hard disk space.
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What is an Adobe.pdf file and how do I view it?

In order to view ".pdf" files, you will need the Adobe Acrobat Reader® plug-in software. You may download this program for free from Adobe's Internet site by clicking this link

What is the difference between 'Margin' and 'DVP' Accounts?

A Margin account is an account where an investor only needs to keep a portion of the funds as a margin of the total amount with the stockbroker to process his/her trades at the Exchange. It means that the customer places a decided percentage (mutually agreed upon between the investor and the broker prior to operating the account) of the funds with the broker against the net total value of his/her trades carried out through that broker at the stock exchange. The margin amount in essence along with the shares purchased serves as a collateral that the investor maintains with the broker to carry out his/her transactions. The Margin amount varies from broker to broker. At FYSL Trade all customers are required to maintain 30% margin against his/her outstanding trades/exposure for the purpose of trading in his/her/their account.


SECP regulations allows brokers to revise their margin requirements for their account holders if they inform their customers at least 3 days prior to the implementation of the revised margin requirements.


The use of margin accounts provides investors to buy and hold more stocks without full payment.


This can provide investors the advantage to generate high profits, but it also exposes them to the potential of high losses.


Cash accounts are different from margin accounts in a way that the amount deposited by the account holder is fully used. This means that the Account Holder can only buy/sell shares equal to the funds deposited by him/her with the broker.

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What is the difference between Delivery Versus Payment (DVP) and Margin Trading?

Delivery Versus Payment refers to where stocks are purchased and marked for delivery with the total value of the trade deducted from the Customer's account thus reducing the corresponding cash balance in his/her account. In this manner he/she can only purchase and sell stocks that are less than or equal to the amount of cash deposited by him.


Margin trading is a type of account used to provide clients with additional funds as a multiple of their cash deposited. If a client places the basic account opening requirement of Rs. 100,000, he/she is provided a trading limit that is three times the amount i.e. Rs. 300,000. The basic amount is calculated as 30% of the trading limit.

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What is Equity?

Equity is the ownership of shares in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder's equity or net worth or book value.

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Is there any research material available to review for trading?

Yes, all our clients will have access to our research reports. We have research reports which are updated daily. Such as;


  • The Morning Gazette (Morning News)
  • The Market Review (Market Analysis)
  • The Playing Field (Technical Analysis)
  • The Weekly Wrap (Weekly Analysis)

Call us at: 021-32460684-85


These reports will be sent to all our clients on their registered email addresses.

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What are Stop Loss Orders?

Stop Loss trading is a form used to prevent unusual and large amount of losses. It allows the client to place a rate below current market price if there is a drop expected. To learn how to trade in stop loss, get in touch with us.



Call us at any of the numbers below:
021-32425731-8
021-32460684
021-32460685
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What is the procedure to cancel pending orders during system failure?

Our Trade Officers can perform this on your behalf after your instructions. Call us at any of the numbers below:



021-32467427-30
021-32443155-56
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I already have a CDC Investor’s A/C, what is the procedure to transfer shares from my CDC Investor’s A/C to my FYSL Trade A/C?

You will have to provide a CDC cheque (Transfer Order) in favor of “Fawad Yusuf Securities (pvt) Ltd.”. Our Participant ID is 04010.

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Can I transfer my securities from my FYSL Trade A/C to another member’s A/C?

Yes, we will need the CDC account holder’s participant name and ID and also a written request to transfer the security. However, you must ensure that your account isn’t in debt; otherwise we would not be able to transfer your securities to any other account.

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What is 'Working Capital'?

Working capital can be calculated as current assets minus current liabilities.


A firm's working capital is the money that is available to meet current obligations (those due in less than a year). A firm with a great deal of working capital is in little danger of falling in the near future, but enormous working capital over a prolonged period could also imply excessively conservative management. Working capital, after all, is short-term in nature and has not been put to work in the company's profit-making business operations. As with most measures of corporate well-being, this one varies by industry and even by season.

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What is 'Total Annualized Return'?

An investment return projected over a year period, compounded daily. For example, if an investment returned 1% over one month, it would have an annualized return of approximately 12%. Total annualized return can be useful in assessing the performance of an investment held for a brief period.

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What is 'Turnover Ratio'?

A measure of a fund's trading activity, computed by dividing the lesser of purchases or sales (excluding all securities with maturity of less than one year) by average monthly assets. A turnover ratio of 100% or more does not necessarily suggest that all securities in the portfolio have been traded. In practical terms, the resulting percentage loosely represents the percentage of the portfolio's holdings that have changed over the past year.

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What is a 'Symbol'?

A symbol is a unique, market-approved code that identifies a particular security on an exchange. The symbol generally reflects the name of the security. For example, the symbol for the Pakistan Oilfields Limited stock is POL. This is also known as the 'ticker symbol'.

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What is 'Real Return'?

Real return can be defined as the return on an investment after taking inflation into account. To calculate the real return, simply subtract the inflation rate from the stated return. For instance, a 12 percent annual return in a year of 5 percent inflation results in a 7 percent real return.

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What is Relative 'Strength'?

It measures the price performance of a stock in comparison to all other stocks. Many analysts believe that stocks with strong and improving relative strength tend to continue to outperform all other stocks, all other things being equal.


The figure is obtained by calculating the percent price change of a stock over a particular time period and ranking it against all other stocks on a scale of 1 to 100, with 100 being best. Stocks that are ranked from 70 to 100 are considered to have good relative strength, while stocks ranked less than 50 are considered to have poor relative strength.

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How can I calculate my 'Return on Investment' (ROI)?

Return on investment is calculated by taking the value of the investment held at the beginning of the ROI period compared to the current value. In other words:

((Current Value) - (Beginning Value) + (Income))

(Beginning Value)

Where:

(Current Value) = (the current total shares) x (the last price),

(Beginning Value) = [(Number of shares held prior to the period - any shares sold) x (the closing price prior to the period)] + the "Cost Basis" of any shares added in this period (Buys, Reinvest, Add Shares, etc), and (Income) = any income events such as Dividends/Interest (not Reinvested) and Realized gain/loss from Sells in this period.


For example, assume that on 1/1/99 you owned 1000 shares of XXYY (which had been purchased prior to this date), the last price (on 12/31/98) was Rs.69 11/32, and you still own the 1000 shares and the current price is Rs.90 1/8. The ROI (YTD) for XXXX Script would be calculated:

 

[(1000 x 90.125) - (1000 x 69.34375)]

(1000 x 69.34375)
    =    
20781.25

69343.75
    = 29.968%

If you had purchased 200 additional shares at Rs.75 each during this period, the formula would be modified as follows:

[(1200 x 90.125) - (1000 x 69.34375 + 200 x75)]

(1000 x 69.34375 + > 200 x 75)
    =    
23806.25

84343.75
    = 28.225%

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What is 'Revenue'?

All the money (or other items of value) that came into the company during the given period. Revenue includes everything: sales, interest income, proceeds from the sale of a subsidiary and so forth. Revenue is thus one of the most reliable items on the income statement, as opposed to net income, which is subject to various accounting and managerial judgments. But the all-inclusive nature of revenue can make it misleading. If 50 percent of revenue in a given year came from the one-time sale of some land, clearly one shouldn't assume that the business will have similar revenue in future years.

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What does 'Quick Ratio' mean?

The sum of cash and receivables from the most recent quarter divided by the total current liabilities from the most recent quarter. This assessment of a company's ability to meet short-term obligations is also known as the acid test. In general, the quick ratio should be 1 or better. A high quick ratio is usually a sign of a solid, conservatively run company in no danger of imminent demise even if for some awful reason sales immediately ceased. A firm's quick ratio might be of special interest to investors anticipating some kind of downturn in the firm's business or the economy at large.

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What does YTD stands for?

YTD is an abbreviation for year-to-date.

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What is a 'Limit Order'?

When you instruct your broker to buy shares for you at or below a certain price, or sell shares at or above a certain price, you've entered a limit order. Limit orders reduce the risk that an order will be filled at a price you don't like, and best suit the investors' interests in volatile markets. The down side, of course, is that by waiting for your price the stock you want gets away from you, or the stock you want to unload just keeps falling. The opposite of a limit order is a market order, in which the broker is instructed to execute the trade at any market price available.

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What does 'Earning per Share' mean?

Net income divided by common shares outstanding. A company that earns Rs.1 million for the year and has a million shares outstanding has an EPS of Rs.1. This EPS figure, which represents how much of earnings each share is entitled to, is important as the basis for various calculations an investor might make in assessing a stock's priceless. It is the most widely used indicator to show whether a stock is over- or undervalued, for example, is the price/earnings (P/E) ratio, which relates share price to earnings per share.

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What is a Margin Call Alert?

Margin call alerts can be simply explained as a message sent to the client when his session holdings or exposure exceeds his actual cash (Not Trading Limit) by a margin of 30%.


This generally happens when a client using a margin account, utilizes almost his entire trading limit and the value of the scrips held are declining in price per share. As the price declines, it reflects negatively on the actual cash holding (Not Trading Limit). Scrips are organized in nature by classes under margin values (Class A to E that varies from 20% Margin to 100% No Margin). These can be found under 'Portfolio' in the client account.


When the price of a share falls, according to the percentage amount of margin associated to it, deductions are made from the actual cash limit. When the actual cash is reduced by 30%, margin call alerts are sent to clients to either sell off their exposure or a portion of the exposure in order to square off their position.

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What is the 'Auto Sell' Function?

As explained in 'Margin Call Alert', the fall in price per share affects the amount of total shares of a company held by a client that reflects negatively on the actual cash. However, when the actual cash is reduced by approx. 45%, an autosell function is activated automatically to reduce further losses and to square off client positions. This function sells off a client's session holdings to normalize his losses. As mentioned, this is an automated process, so clients are advised to maintain their holdings in a manner that such a situation is avoided.

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How are my orders processed and settled via internet?

Your orders placed through the internet (via TradeCast, Mobile Applications or Call Centre) are received at our server and immediately sent to the PSX via Fix Protocol for further processing.


If accepted, the order is queued for execution and upon successfully matching the rates of corresponding buyer/seller (as the case may be), it gets executed.


Although transaction is done on real time basis but the delivery of the securities is received in your CDC Sub Account on the 2nd working day after the transaction has been executed (in case of buying) and vise versa in selling.

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What are the risks of securities trading?

All the risks related to the securities trading have been appended in the Brokerage Account Agreement of the FYSL Trade Account Opening Form , which can be accessed by clicking on its hyperlink.

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How do I place/cancel my orders when I am unable to login into the software?

In case, you are unable to place/cancel your orders via internet, you may still place your orders via our Trade Officers through WhatsApp on any of the numbers below:

0300-2617071
0300-2497466

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Where do I find the relevant rules and regulations governing securities trading, information regarding rights and obligations of the Investors, relevant legal provisions for Investor Protection, complaint handling and arbitration procedures, etc?

Click on the hyperlink for your assistance: PSX Rule Book

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