What happens if for some reason margin positions marked with Broker Square off mode remain open at the end of settlement?
I-Sec would square off the position on best effort basis 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 the necessary arrangements for funds/securities for the settlement of the position and shall be fully liable for the consequences (auction/penalty/interest) of the same.
Related Questions
- What happens if a client is margin called? How much time are clients allowed to meet the margin call before positions are liquidated?
- What happens if for some reason margin positions marked with Broker Square off mode remain open at the end of settlement?
- What will happen if positions marked for Client Square off mode are not squared off by me in the same settlement?
