What is SLT?
SLT is an order placement feature where you can take a position at market price and also place a cover order for the position specifying the SLTP (Stop Loss Trigger Price) and the limit price. This will minimize the loss on the position. ‘SLT’ is a product whereby you can place a SLTP loss cover order at the time of taking the position itself. Thereby it gives a clear view of maximum downside involved in a particular position. Since you are committing to square up the position at a particular price, CBSL won’t levy normal margin. It would block the maximum loss which you may suffer.
