Participate in Commodity & Currency Options Festival Bonanza

August 28, 2023

We invite all Super Trader, Super Investor, Sharekhan One and Commodity & Currency and Onboarding Relationship Managers (RMs); the Regional Commodity & Currency Managers (RCMs); and the Customer Relationship Executives (CREs) from the Retail segment to participate in Commodity & Currency Options Festival Bonanza. The contest aims to help new and inactive clients/traders get a better experience of trading in commodity and currency options using Sharekhan’s vast support system of trained and experienced RMs, and wonderful digital platforms. It will also help increase customer participation in the commodity and currency options and the company’s market share in the options segment in the industry. The contest will be for only two months, it opened on August 1, 2023 and will close on September 30, 2023.

Incentive structure for the contest on new revenue

Incentive to RMs (Super Trader, Super Investor and Sharekhan One segments, Onboarding RMs, and Commodity & Currency business)

 10%

Incentive to CREs

 10%

Incentive to RCMs

Qualifying criteria for RCMs: Average revenue of last 3 months and client traded in commodity and currency options (ie May, June and July) only for commodities and currency options would be multiplied by 3 times (for the total of contest period of two months taken together)  

 

 10%

Minimum qualifying amount: Rs10,000 combined revenue from commodity and currency options (Expect for RCMs)

Maximum cap for incentive: Rs.50,000 (for both commodity and currency options)

  • For example, if the three-month average of the direct revenue generated by a RCM from commodity and currency options is Rs.1 lakh, then the qualifying direct revenue target will be Rs.3 lakh to be earned and if client traded is 100, then the qualifying client traded will be 300 in commodity and currency options over August and September 2023.

Highlights of the contest

  • All RMs are eligible to participate in the contest, which is an amazing opportunity to earn additional income to add zing to your festival season this year.
  • To qualify for the contest the participants need to generate revenue of only Rs.10,000 over a span of two months either in commodity or currency options or both.
  • It aims to bring in new customers, reactivate clients and activate the Commodity & Currency segment of the existing clients for options trading.

Important terms and conditions of the contest

  1. Contest period: Two months (August and September 2023)
  2. Segment: Commodity and currency options
  3. The revenue of the clients who have not traded in the past three months (May, June and July 2023) in either commodity or currency segment or in both segments will be considered for the contest. New clients and the activation of the commodity and the currency segment for the existing futures and options (F&O) clients will also be considered.
  4. Note that the revenue generated by the eligible mapped clients from either commodity options or currency options or both types of options will be considered.
  5. Please contact your RCM or Head Office team for further clarification on client eligibility, if required.
  6. The qualifying revenue for the incentive will be Rs.10,000. (Expect for RCMs)
  7. The qualifying criteria for the RMs will be activation of the respective terminals along with a clearance of NISM Commodity/Currency Certification by September 30, 2023.
  8. All the compliance requirements of the BNP Paribas Group must be maintained.

Client and trade sales quality checks

The Commodity & Currency team at the Head Office reserves the right to disqualify any contestant in case any evidence of gaming in this contest or as part of the normal course of business comes to light.

Important links for the Commodity & Currency Options Festival Bonanza

We look forward to full participation from you and wish all participants all the very best.

Iss commodity and currency options contest mein participate kar, iss festival season mein extra incentives earn kar, Sharekhan kar.

Published by Team Internal Communications
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