What happens if for some reason an Intra-day position remains open at the end of settlement?
Our risk monitoring system would square off the position but the onus lies on you to close out all open positions. If for some reason, the position remains open at the end of settlement, you will have to make all necessary arrangements for funds/securities for the settlement of the position and shall be fully accountable for the consequences (auction/penalty/interest) of the same.
Related Questions
- What happens when an employee remains on the same position, but has a new supervisor or moves to a different department within the same College?
- What happens if for some reason an Intra-day position remains open at the end of settlement?
- What happens when an employee remains in the same position, but moves to another college?
