Global Access Provider

Our Role as a Global Access Provider

In its capacity as a Global Access Provider, InBrok facilitates access for eligible clients to permitted financial products and overseas markets through arrangements with regulated foreign brokers and other authorised intermediaries.

InBrok acts as the client-facing Global Access Provider and facilitates the routing of client orders to the relevant foreign broker for execution in the applicable overseas market. Execution, clearing, settlement and custody are undertaken through the relevant foreign broker, custodian and/or other intermediary, as applicable.

The specific foreign broker, market, jurisdiction and other intermediaries involved may vary depending on the applicable Global Access arrangement and the financial product or market accessed.

Global Access Arrangements

InBrok provides eligible clients with access to permitted financial products and overseas markets through arrangements with regulated foreign brokers and other authorised intermediaries. Under the Global Access arrangement:

• InBrok onboards eligible clients and facilitates their access to the overseas markets and products supported under the Global Access service.
• Client orders are received by InBrok and routed to the relevant foreign broker or intermediary for execution in the applicable overseas market.
• Trades are executed by the relevant foreign broker in accordance with the rules and requirements of the applicable overseas market.
• Clearing and settlement are undertaken through the relevant foreign broker and its applicable clearing, banking and settlement arrangements.
• Securities and other client assets are held through the applicable foreign broker and/or custody arrangements, as relevant to the particular market.
• Access to any particular market, product or instrument is subject to applicable regulatory requirements, client eligibility, product restrictions and the availability of the relevant foreign broker arrangement.

Global Access Model

Under the Global Access arrangement, the client maintains its relationship with InBrok for the provision of Global Access services. InBrok receives and facilitates the routing of eligible client orders to the relevant foreign broker for execution in the applicable overseas market.

Following execution, trades are cleared and settled through the arrangements applicable to the relevant foreign broker and market, including the relevant clearing, settlement and custody entities. Securities acquired by clients are held through the applicable custody arrangements, while client funds are routed and maintained through the banking and settlement arrangements established for the Global Access service.

The specific foreign broker, overseas market, custody arrangement and settlement process applicable to a transaction may vary depending on the relevant jurisdiction, financial product and market accessed by the client.

Trading Information and Calculation of Profit and Loss

Transactions undertaken through InBrok's Global Access arrangements are executed through the relevant foreign broker in the applicable overseas market. Trade details, including the executed quantity, execution price and other relevant transaction information, are recorded based on the execution information received from the relevant foreign broker.

Client profit and loss is calculated based on the difference between the applicable purchase and sale prices of the relevant financial product, taking into account the quantity transacted and, where applicable, transaction-related fees, charges, taxes and foreign exchange conversion.

For positions that remain open, any unrealised profit or loss is determined by reference to the applicable market value or price of the financial product. For positions that have been closed or disposed of, realised profit or loss is determined based on the applicable acquisition and disposal values.

Where a transaction, asset or liability is denominated in a currency different from the currency in which the client's account or statement is presented, the relevant value may be converted using the applicable foreign exchange rate. Accordingly, movements in foreign exchange rates may affect the profit or loss reflected for the client.

Foreign Brokers

Financial Products Available through Global Access

Through its Global Access arrangements, InBrok facilitates access for eligible clients to permitted financial products in overseas markets. Depending on the relevant market, jurisdiction and foreign broker arrangement, the categories of financial products available may include:

• Equities
• Debt securities
• Money market products
• Foreign exchange
• Futures and forwards
• Hedge funds
• Commodities
• Structured products

The availability of any particular product or financial instrument is subject to applicable IFSCA requirements, client eligibility, the laws and regulations of the relevant foreign jurisdiction, applicable product restrictions, and availability through the relevant foreign broker or intermediary.

InBrok does not provide access to products or instruments that are prohibited or otherwise not permitted under the applicable regulatory framework.

Product Restrictions for Resident Indian Investors

Resident Indian investors accessing overseas markets through InBrok's Global Access services are subject to applicable Indian laws and regulations, including the Foreign Exchange Management Act, 1999 (FEMA), the Liberalised Remittance Scheme (LRS) and applicable directions and requirements issued by the Reserve Bank of India ("RBI"), as amended from time to time.

Accordingly, Global Access does not provide unrestricted access to all products available in overseas markets. InBrok will facilitate transactions only in financial products that are permitted for the relevant client under the applicable regulatory framework.

Certain products or transactions may therefore be restricted or unavailable to Resident Indian investors, notwithstanding their availability through a foreign broker or on an overseas exchange.

Prohibited and Restricted Products

InBrok (IFSC) Private Limited provides Global Access only to financial products permitted under the applicable IFSCA regulatory framework. The availability of a product or instrument in an overseas market does not, by itself, mean that such product or instrument is available through InBrok's Global Access services. In accordance with the IFSCA Regulatory Framework for Global Access:

• Crypto-assets and crypto-linked instruments: InBrok does not provide Global Access to crypto-assets, instruments having crypto-assets as their underlying asset, or any other instruments that are not considered "financial products" under the applicable IFSC regulatory framework.
• Certain derivatives: InBrok does not provide access through Global Access to index derivatives, single-stock derivatives, bond derivatives or USD-INR/INR-USD derivatives that are available on Recognised Stock Exchanges in the IFSC.
• Persons resident in India: Access to Global Markets is restricted to products permitted under the Foreign Exchange Management Act, 1999 ("FEMA") and the applicable rules and regulations made thereunder. In the case of resident Indian individuals, access is provided only for investments permitted under the Liberalised Remittance Scheme ("LRS") of the Reserve Bank of India.

InBrok may restrict or decline access to any financial product or transaction where such access is prohibited or not permitted under applicable IFSCA requirements, FEMA, LRS requirements or other applicable laws and regulations.

Fees and Charges

InBrok (IFSC) Private Limited reserves the right to change fees upon prior agreement with the client.

No other fees will be charged to the customer without the customer's prior consent.

Applicable Tax Structure

Investments and transactions undertaken through InBrok's Global Access services may be subject to taxes, duties, levies and/or withholding taxes in India and/or the relevant foreign jurisdiction.

The tax treatment applicable to a transaction may vary depending on factors including the client's tax residency and status, the type of financial product, the source of income and the jurisdiction in which the investment is made. Income such as dividends, interest and capital gains may be subject to taxation and/or withholding in accordance with the laws of the relevant jurisdiction and any applicable tax treaty.

For Resident Indian investors, overseas investments and income arising from such investments are also subject to the applicable Indian tax laws and reporting requirements.

InBrok does not provide tax advice. Clients should obtain independent professional tax advice regarding the tax consequences and reporting obligations applicable to their individual circumstances before undertaking investments through the Global Access service.

Custody and Segregation of Client Assets

Securities and other financial assets acquired by clients through InBrok's Global Access services are held under the custody arrangements established with the relevant foreign broker, custodian and/or sub-custodian, as applicable to the relevant overseas market.

Client securities, assets and funds are maintained separately from InBrok's proprietary securities, assets and funds and are not used for InBrok's own account or purposes.

The specific custody and account-holding structure may vary depending on the relevant foreign broker, custodian, market and jurisdiction. Details of the applicable custody arrangement and account structure are disclosed to clients as part of the Global Access service documentation.

InBrok maintains appropriate records to identify client holdings and transactions and to support the segregation and reconciliation of client assets and funds in accordance with applicable regulatory requirements.

Client Funds and Fund Routing

Client funds relating to Global Access transactions are routed through designated banking arrangements maintained for the Global Access activity, in accordance with applicable IFSCA requirements.

Funds received from clients for Global Access transactions are maintained and handled separately from InBrok (IFSC) Private Limited's proprietary funds and are not used for InBrok's own account.

Where funds are required for the execution or settlement of an overseas transaction, they may be transferred through the applicable banking arrangements to the relevant foreign broker, bank, custodian, clearing entity or other permitted intermediary in accordance with the transaction and settlement requirements of the relevant market.

InBrok maintains appropriate records and controls to identify and reconcile client funds relating to Global Access transactions and to maintain the required segregation between client funds, proprietary funds and other applicable activity accounts.

Clients must transfer funds only to the bank account details officially communicated by InBrok. InBrok will not request clients to transfer funds to personal accounts or to accounts that have not been formally designated for the relevant service.

Corporate Announcements

InBrok facilitates the communication of relevant corporate announcements relating to financial products held by clients through its Global Access arrangements, based on information received or made available through the relevant foreign broker, custodian, market or other applicable intermediary.

Relevant corporate announcements may include information relating to corporate actions, dividends and other distributions, rights issues, tender offers, mergers, stock splits and other material events affecting the financial products held by clients.

Where a corporate announcement requires an election or action by the client, InBrok will communicate the relevant information received through the applicable Global Access arrangement and, where applicable, the deadline by which the client's instruction must be provided.

Clients are responsible for providing any required instruction within the communicated timeframe. The processing of corporate actions and related entitlements remains subject to the applicable rules, timelines and procedures of the relevant foreign broker, custodian, market and/or other intermediary.

Investor Protection for Global Access Transactions

Clients should note that transactions undertaken through InBrok's Global Access arrangements are executed in overseas markets and are subject to the laws, regulations and investor protection framework applicable in the relevant foreign jurisdiction and market. Accordingly, the rights of investors and investor protection mechanisms available in respect of transactions undertaken on Recognised Exchanges in the IFSC shall not be available in respect of transactions undertaken through InBrok's Global Access arrangements.

Any investor protection or compensation mechanism that may apply to a Global Access transaction will be determined by the applicable framework of the relevant foreign jurisdiction, market and/or intermediary.

Dispute Resolution

Transactions undertaken through InBrok's Global Access arrangements are executed in overseas markets through foreign brokers and/or other intermediaries and are not transactions executed on a Recognised Exchange in the IFSC.

Accordingly, the dispute resolution mechanisms provided by Recognised Exchanges in the IFSC do not apply to, and are not available in respect of, such Global Access transactions. Any market- or intermediary-specific dispute resolution mechanism will be subject to the applicable framework of the relevant foreign jurisdiction, market and/or foreign intermediary.

This does not affect a client's ability to raise a complaint concerning InBrok or the Global Access services provided by InBrok. Such complaints will be handled in accordance with InBrok's Complaint Handling and Grievance Redressal Policy, which sets out the applicable complaint handling, review and escalation process.

Investor Grievance Redressal Mechanism

Transactions undertaken through InBrok's Global Access arrangements are executed in overseas markets through foreign brokers and/or other intermediaries and are not transactions executed on a Recognised Exchange in the IFSC.

Accordingly, the investor grievance redressal mechanisms provided by Recognised Exchanges in the IFSC do not apply to, and are not available in respect of, such Global Access transactions. Any grievance redressal mechanism available in relation to the underlying transaction will be subject to the applicable framework of the relevant foreign jurisdiction, market and/or foreign intermediary.

This does not affect a client's right to raise a complaint concerning InBrok or the Global Access services provided by InBrok. Such complaints may be submitted directly to InBrok and will be handled in accordance with InBrok's Complaint Handling and Grievance Redressal Policy, including the applicable review and internal escalation process through the Complaint Redressal Officer ("CRO") and Complaint Redressal Appellate Officer ("CRAO").

Complaint Handling and Grievance Redressal: Annual Data

Client Agreement and Terms & Conditions of Service

InBrok (IFSC) Private Limited provides its services to clients in accordance with the terms and conditions set out in its Investment Services Agreement.

The Agreement sets out the contractual framework governing the relationship between InBrok and its clients, including the scope and nature of services, client instructions, execution and settlement arrangements, custody and client asset arrangements, fees and charges, reporting, communications, confidentiality, rights and obligations of the parties, risk disclosures, and termination provisions.

Foreign Jurisdiction Disclosures

Transactions undertaken through InBrok's Global Access arrangements may be executed in foreign jurisdictions and overseas markets and will be subject to the applicable laws, regulations, market rules and practices of the relevant foreign jurisdiction.

Clients should be aware that the regulatory framework, investor rights and protections, market practices, trading and settlement arrangements, custody arrangements, taxation, and dispute and grievance mechanisms applicable in a foreign jurisdiction may differ from those applicable in the IFSC or the client's home jurisdiction.

The rights and remedies available to a client in relation to a transaction executed in a foreign jurisdiction will be determined by the applicable laws and regulatory framework of that jurisdiction and the rules of the relevant market and/or foreign intermediary.

Privacy and Data Handling

InBrok (IFSC) Private Limited is committed to protecting the confidentiality and security of personal and client information collected in connection with the provision of its services.

InBrok may collect, use, process, store and retain personal and client information for purposes including client onboarding and verification, provision of services, processing of transactions, maintenance of records, compliance with legal and regulatory obligations, and administration of the client relationship.

Where necessary for the provision of services, including Global Access services, information may be shared with relevant third parties such as foreign brokers, custodians, banks, intermediaries and service providers, and with regulatory, supervisory, governmental, tax, judicial or other competent authorities where required or permitted by applicable law.

Where information is transferred or processed across jurisdictions in connection with Global Access services, such information will be handled in accordance with applicable legal and regulatory requirements.

InBrok takes reasonable measures to maintain the confidentiality, integrity and security of client information and restricts access to such information to authorised persons on a need-to-know basis.

Policies and Documents