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The Executing Broker Agreement serves as the primary contractual framework for securities trading relationships in the Indian financial markets. This document is essential when establishing a formal relationship between a SEBI-registered broker and clients seeking execution services for securities transactions. It encompasses critical elements such as trading permissions, regulatory compliance requirements, risk management protocols, and fee structures, all within the context of Indian securities law and SEBI regulations. The agreement is particularly important given India's growing financial markets and the increasing sophistication of trading services, including electronic and algorithmic trading capabilities. It needs to address both traditional execution services and modern trading technologies while ensuring compliance with evolving regulatory requirements.

1. Parties: Identification of the executing broker and the client, including regulatory registration details and contact information

2. Background: Context of the agreement, including the broker's regulatory status and the client's intention to engage their services

3. Definitions: Key terms used throughout the agreement, including regulatory terminology and market-specific definitions

4. Scope of Services: Detailed description of execution services provided, including trading venues and asset classes covered

5. Regulatory Compliance: Obligations of both parties to comply with SEBI regulations and other applicable laws

6. Orders and Execution: Process for placing, accepting, and executing trading orders

7. Fees and Commissions: Detailed fee structure, payment terms, and billing procedures

8. Client Obligations: Client's responsibilities including providing accurate information and maintaining adequate margins

9. Broker Obligations: Broker's duties including best execution, record keeping, and reporting

10. Risk Disclosure: Mandatory risk warnings and acknowledgments as required by SEBI

11. Representations and Warranties: Standard legal representations by both parties

12. Confidentiality: Protection of confidential information and trading data

13. Term and Termination: Duration of agreement and conditions for termination

14. Indemnification: Mutual indemnification provisions and liability limitations

15. Governing Law and Jurisdiction: Specification of Indian law and jurisdiction for dispute resolution

16. Notices: Process for formal communications between parties

17. Miscellaneous: Standard boilerplate provisions including severability and entire agreement