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First of all, NRIs must have the CP code to trade and invest in the equity derivatives segment. The broker allows Orbis Financial to open a custodial account for NRIs. The exchange clearing corporation provides custodial participation (CP) code to NRIs with the help of clearing members. While trading or investing in F&O, NRIs have to provide this code in the relevant field.
The transactions in the F&O segment are placed through rupee funds available on a non-repatriable basis.
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