How does ICICI Securities go about selling my deposited securities in case I do not make cash available for any settlement dues ?
ICICI Securities would place a ‘Spot’ sell order at ‘market’ for the required quantity of securities deposited as margin the next morning. This will permit you to bring in funds in your bank account in the evening. The sale proceeds of this sale will be utilized to meet the pay-in shortfall. Any excess realization will also be allocated for F&O from your bank account. However, you can reduce the same if required. Normal ‘spot’ brokerage is applicable for such sales. Such orders can be viewed in the Equity Order book (they will be identified as ). The quantity so sold will appear as ‘Block for Sale’ in the ‘Deposited Securities’ page in the F&O section. ICICI Securities would invoke the securities pledged in favour of ICICI Securities to debit the shares from your demat account and meet the obligations to pay-in the securities. On invocation, the ‘Pledged Quantity’ in the ‘Deposited Securities’ page will reduce. Details of such invocations would appear in the ‘Pledge Book’ sub-link unde
Related Questions
- How does ICICI Securities go about selling my deposited securities in case I do not make cash available for any settlement dues ?
- Can I also sell securities deposited as margin for eg. in case prices of the securities are going up?
- Where are my Cash Funds and equity in securities held (stocks/shares)?
