What will happen if positions marked for Client Square off mode are not squared off by me in the same settlement?
Buy Margin open positions marked under ‘Client’ Square Off mode ,which are not squared off by you on the same day, will remain open and will be shifted to the ‘Pending for Delivery’ page (explained above). These positions are deemed to be intended for delivery by you. Such positions are to be either ‘Converted to Delivery’ (cash) or squared off by you before the stipulated time. You can take delivery of such positions by clicking on the ‘Convert to Delivery’ link on the ‘Pending for Delivery’ page or square off the position by clicking on the ‘Square Off’ link on the same page. In case you do not square off or convert such positions to delivery, these positions will be squared off after the stipulated number of trading days (as decided by I-Sec from time to time) from the day such positions are taken. However, I-Sec may at its sole discretion, square off such positions without any prior intimation to the customers.
Related Questions
- Is the brokerage rate different for positions which are marked as Pending for Delivery i.e. are not squared off in the same settlement?
- 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?
