What is unique about ICICIdirect e-invest account? Your ICICIdirect e-Invest account is more than a brokerage account. It offers you a unique 3-in-1 feature, which integrates your Brokerage, Bank and one or more Demat accounts. This means that you can buy and sell shares and forget about the hassles of settlements. Online investing is just a click away and settlements is no longer a problem. What is the 3-IN-1 concept? ICICIdirect e-Invest account allows you to integrate your ICICIdirect Brokerage Account, your Bank account and one or more Demat accounts.
Currently the Demat Account has to be opened with ICICI Bank Ltd as the Depository Participant DP and the Bank Account has to be opened with ICICI Bank Ltd. You can choose the branch closest to you to open your bank account. Can I have multiple Demat Accounts linked to e-invest account? Yes, you can link multiple Demat accounts to your e-Invest accounts with a maximum of 4 accounts. Can I have multiple Bank accounts linked to my e-invest account? No, as of now you can only link one Bank account to your e-Invest account.
To avail of the advantage offered by the integration of the brokerage, Bank and the Demat account, all the three accounts will have to be opened with ICICI group. Who is eligible for this service? All resident Indians and non residents NRI residing in Gulf Co-operation Council GCC countries of United Arab Emirates,Saudi Arabia, Bahrain, Kuwait, Oman and Qatar are eligible to avail of this service.
How do I become an ICICIdirect customer? You can open an ICICIdirect e-Invest account by filling a single application form. This form will help you open an ICICIdirect Brokerage Account along with a Bank Account and one or more Demat accounts as required. How do I request a form? You can request our representative to visit you Select Cities Only by registering online through our website. Alternatively you can request us for a form by sending us an e-mail at helpdesk icicidirect.
I have sent in my application, what happens next? Your application will be processed and you will be informed once your application is accepted and all the required accounts are set up. In case your application is not processed because of lack of some details, you will be contacted by our representative or by mail. How do I know my application has been accepted? We shall also inform you by e-mail in case your application has been accepted.
Do I have to maintain any minimum balance in my Bank Account? What all documents will I receive once my ICICIdirect Account is opened? Once your ICICIdirect Account is opened you will get the following documents at your mailing address: Pin-mailer containing the User Id and password for your ICICIdirect Account will be send by ICICI Securities Limited.
ICICI Bank Limited will dispatch the Cheque Book and ATM cum Debit Card in case a new saving account is opened. Membership Guide and Internet Banking User ID and password for Demat Account will be dispatched by ICICI Bank Demat Services.
Transfer Instruction For Delivery TIFD Booklet for newly opened demat account with ICICI Bank will not be dispatched. You can also contact our Customer Care Numbers for placing the request over the phone.
A trading account in which no trades are done across any segment of any Exchange for six months would be termed as "Inactive" or "Dormant" trading account. I- Sec does not freeze any "Inactive" or "Dormant" trading account. However any trade emanating from such trading accounts pursuant to the same being classified as "Inactive" or "Dormant" trading account would be subject to necessary due diligences and confirmations as I-Sec may deem fit.
If I already have a ICICI Bank account and a ICICI Demat account, can I use these accounts for online investing? Yes, you just need to tell us the account details and we shall link up your existing accounts with ICICIdirect e-Invest account for online investing.
You can link up only an existing Bank account or only one or more Demat account s or both the existing Bank account and Demat Account s. However, at present, your ICICI Bank account on which you have opted for Quantum Optima cannot be linked. Anyway, you can always opt to open a new Demat and Bank account with your ICICIdirect e-Invest account.
What type of Bank Account can I use with my e-invest account? You will need an ordinary savings account with ICICI Bank Ltd for your e-Invest account.
You can specify the account in the form and it will be linked with your e-Invest account. In case you do not have a ICICI Bank account, an online banking savings account can be opened with an e-Invest account.
How frequently will I be able to know the status of my accounts? The information of your Bank, Demat and e-Invest account shall be available to you completely online 24 hours a day through the Internet. You will be able to access all details regarding your orders and trades on the website. What is a ICICI Bank Online Banking account? ICICI Bank's Online banking service is known as Infinity. The Bank account opened with your e-Invest account is an Infinity Bank account.
Infinity service can be accessed on the website www. Apart from allowing you to access your transaction history and current balance, Infinity allows you to transfer money from one account to another and also make online bill payments in Mumbai. If you have opted for a new online bank account of have opted to link up your existing saving account which was not registered with Infinityyour Logon ID and Password will be mailed to you separately. However, this does not stop you from trading on ICICIdirect.
New ICICIdirect e-invest Customers. I am a new customer and have just been informed that my ICICIdirect e-invest account has been set up. How do I make my first trade? Please check our comprehensive section on Trading Guide.
I want to buy some shares. I do not have any money in my Bank Account. What do I do? In case of a cheque, the money should come into your Bank account as soon as the cheque is cleared. Once you have funds in your bank account, you need to allocate the required amount for trading. Alternatively you can sell some shares from your Demat Account in the Cash Segment and use the money to purchase the shares you want to buy. The amount of money required before placing a buy order or a margin sell order would depend on the value of the order.
I have deposited a cheque but I am still not able to place a purchase order: There could be two reasons for this either the cheque is not cleared or you do not have adequate Trading Limit. Please check your Bank balance to find if you have adequate money in your Bank account. It is possible that there could be some delays in clearance of the cheque. Please contact your ICICI Bank Branch to find the reason.
Even if you have adequate money in your Bank account you will get limit only after you allocate some money for trading or investment. Can I withdraw the amount allocated for trading? The way you can allocate funds for trading, you can always reduce the amount allocated by you for trading to the extent that the amount allocated has not been blocked on account of orders placed by you.
Once any amount is deallocated, it can be withdrawn from the bank. Can I borrow or get a line of credit against my Demat Account? Currently, we are not offering this service. But, we are evaluating ways to add to our product range.
We would appreciate if you could give us feedback on the facility you want. On which exchanges will I be able to buy and sell shares? ICICIdirect offers its customers execution capability on the National Stock Exchange of India Ltd. NSE and Bombay Stock Exchange BSE. What kind of orders can I place? You can place both market and limit orders. Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order.
The actual transaction can be at a price more favourable than the price specified. Market Orders have different interpretations for both NSE and BSE. Market Orders in NSE: This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange. Therefore, chances of its getting executed are better. In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price.
Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price. Market Orders in BSE: Explanation Market orders can be placed only during market hours i.
Which shares will I be able to buy and sell? You will be able to buy and sell shares in the Cash Segment that are traded in the compulsory dematerialised form on the exchanges. As of date, you may trade in more than scripts in NSE and more than scripts in BSE through ICICIdirect. More and more shares are being added to this category every month by the regulatory authorities.
Of these shares, you may place orders for select shares in the Margin Segment. Do I get online confirmation of orders and trades? Yes, you get online confirmation of orders and trades - the status of any order is updated on real-time basis in the Order Book.
As soon as you place your order they are validated by the system and sent to the exchange for execution. The entire process is fully automatic and there are no manual interventions. You will also receive an e-mail confirming the orders placed by you at the end of the trading day. Digitally signed contract notes will also be sent via e-mail for the orders executed during the trading day. The digitally signed contract notes are also available on the Customer Service page on the site.
Is it possible that an order is accepted by the exchange but a trade does not take place against it? Is an order always executed for the full quantity?
Is it always executed at one price? In case of a limit order, it might remain totally unexecuted if there are no matching orders. For example, if you place a sell order for shares per share. It might remain totally unexecuted if there are no buy orders for the share for a price of or more. Further, an order can get executed for any quantity less than or equal to the order quantity. On part execution, the original order is converted into an order for the balance quantity against which another trade can happen.
Since these are different trades, it is possible that the trades are executed at different price. In case of market orders placed on NSE, even a market order might remain unexecuted if there are no matching orders.
In such cases, the unexecuted portion of the market order is converted into a limit order at the last traded price for the balance quantity. For example, when the last traded price of a share wasif a market order is placed to sell shares, the sell order will be matched against all limit orders for buying the shares.
In case there are no or insufficient orders for buying shares, the unexecuted market order is converted automatically into a limit order to buy sell shares at a price of the last traded price. In case the order was partly executed and the last execution took place at 95, the price of the limit order for the balance quantity would be In case of market orders placed on BSE, all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer.
In case at that point of time it is found that that particular bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price. Can I modify my order? Yes, you can modify an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Modify' against the order which you wish to modify.
However, you cannot modify your order while it is queued with the exchange, i. In case the order is already partly executed, only the unexecuted portion of the order can be modified.
Can I cancel my order into the system? Yes, you can cancel an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Cancel against the order which you wish to cancel.
In case the order is already partly executed, only the unexecuted portion of the order can be cancelled. Can I enter orders after the trading hours? What happens to such orders? Yes, you can enter limit orders after trading hours. In the Order Book, the status of such orders is shown as 'Requested'. Do I need to have money before buying of shares? Yes, you need to have money in your Bank account before placing an order. Alternatively if you have sold some shares, the sale proceeds can be used to buy the shares you want.
Can I go short? Yes, you can go short in the 'Margin Segment'However, such Sell positions need to be closed out before the specified time before the end of the settlement.
You cannot go short in the Cash Segment'. Here, you can sell only those shares which are there in your demat account. How will I be informed of my trade execution? The trade executions are confirmed online and the trading history is updated immediately. In the Order Book, the status of each order is updated on a real-time basis. On execution, the status changes to 'Executed' or 'Part Executed'. You can view details of the trade executed by clicking on the link. In the Trade Book you will be able to see all the trades that have taken place.
On clicking the link of Order Ref. In addition, you will receive e-mail confirmations. You can choose to receive the e-mail confirmation either for each trade when it is executed or a single one for all trades at the end of the day. The contract note will be send to you by mail at the end of the day. What is a contract note? Contract note is a statement of confirmation of trade s done on a particular day for and on behalf of a client.
A contract note is issued in the prescribed format and manner, establishing a legally enforceable relationship between the member and client in respect to the trades stated in that contract note. Contract notes are made in duplicate, where the member and client both keep one copy each.
Can I trade on margin? You can trade on margin on select stocks. What are GTC, GTD and IOC orders? A Good Till Cancelled GTC order remains in the system until the trading member cancels it. However, the system cancels this order if it is not traded within a number of days parameterised by the Exchange. An Immediate or Cancel IOC order allows the user to buy or sell a security as soon as the order is released into the system, failing which the order is cancelled from the system.
Partial match is possible for the order and the unmatched portion of the order is cancelled immediately. Any unexecuted order pending at the end of the trading session for the day gets expired. Kindly note that Valid Till Cancel VTC is an additional facility in the nature of a new order type offered by ICICIdirect. To know more about VTC kindly click here or your may refer FAQs on "Valid Till Cancel VTC " under the FAQs section.
What is a Disclose Quantity DQ order? Normally, the order quantity is disclosed in full to the market. For example, an order of with a disclosed quantity condition of will mean that is displayed to the market at a time. After this is traded, another is automatically released and so on till the full order is executed.
What is a Stop Loss order? A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price SLTP is specified in a limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP. The order remains passive i. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated i.
It is used as a tool to limit the maximum loss on a position. Stop Loss Buy Order 'A' short sells Reliance shares at in expectation that the price will fall.
However, in the event the price rises above his buy price 'A' would like to limit his losses. The stop loss trigger price SLTP has to be between the last traded price and the buy limit price. Once the market price of Reliance breaches the SLTP i. Stop Loss Sell Order 'A' buys Reliance at in expectation that the price will rise.
However, in the event the price falls, 'A' would like to limit his his losses. The stop loss trigger price has to be between the limit price and the last traded price at the time of placing the stop loss order. Once the last traded price touches or crossesthe order gets converted into a limit sell order at Important Please note that in a buy order the SLTP cannot be less than the last traded price.
This is treated as a normal order because the condition that the last traded price should exceed the stop loss trigger price for a buy order is already satisfied. Similary, in case of a stop loss sell order the SLTP should not be greater than the last traded price for the same reason. What are price bands? The exchanges have fixed price bands for all t securities within which they can move within a day i. Orders outside the minimum and the maximum of the range are not allowed to be entered into the system.
The previous day's closing price is taken as the base price for calculating the price bands. What is Price Improvement order in Cash? Under Price Improvement order, customer would be able to place cash orders with Trailing Stop Loss condition, where the Stop Loss Trigger and Limit price would auto update as per the market price movement and Stop Loss update condition defined by I-Sec for the concerned stock.
Trailed SLTP and Limit Price auto updated will be better than the SLTP and Limit Price entered by the customer hence this will improve the order price. Stop Loss update condition for stocks can be seen from the 'Stock Lists'. Can I place Price Improvement order in NSE and BSE? Yes, you can place Price Improvement order for trading in both NSE and BSE. Can I place Price Improvement order at any time during the day? You can place Price Improvement order any time during normal session of market hours.
Please note you cannot place orders in this product before or after market hours. Can I place market or only limit price order in Price Improvement order? No, only SLTP orders are allowed under Price Improvement order. However you can modify already placed Price Improvement order to normal cash order as a limit or market order.
Can I place Price Improvement order in all stocks? Only selected stocks have been enabled for trading under Price Improvement Order in Cash. Only those stocks, which meet the criteria on liquidity and volume have been enabled for trading under this product. I-Sec reserves the right to select the stocks for Price Improvement Order product and may, at its sole discretion, include or exclude any stock for trading in this product without any prior intimation.
From where do I place Price Improvement order in Cash? You can place Price Improvement order by visiting the new 'Advanced Order' under the Equity trading section.
What is Stop Loss Update condition? Once the LTP of the stock reaches or breaches this value then the Price Improvement order will trail with the updated SLTP and Limit price. For example, say LTP of Sintex Industries SININD is and SLTP Update condition is 2.
For a sell order, this implies that if LTP moves to only then order will trail by modifying the SLTP and limit price and if the LTP remains below then SLTP will remain unchanged. What is Market Before Close MBC? Market Before Close MBC is a feature where all pending Price Improvement orders with MBC selected will be modified to market at a pre-defined time. This feature will increase the probability of orders getting executed. Which order details can I modify in a pending Price Improvement order?
You can modify quantity, order validity, order type, SLTP, limit price, trailing Stop Loss and MBC condition.
Can I modify Price Improvement order to normal cash order and vice versa? While order modification you can modify Price Improvement order to a normal cash order by unchecking the trailing stop loss checkbox but modification of a normal cash order to Price Improvement order is not allowed. How many times an order can be modified? An order can be modified to a maximum of 96 times. Price Improvement order will not trail if this no. What is Trailing amount? Is there any minimum trailing amount which must be maintained for Price Improvement order?
Trailing amount is the absolute price difference between LTP and SLTP for a Price Improvement order. You cannot keep this difference less than the minimum trailing amount defined for a stock. Minimum trailing amount for a stock can be seen from the 'Stock lists'. How the Price Improvement order will trail? You can refer to the below example to have a better understanding of the Price Improvement order: Assume LTP of Sintex Industries SININD is and SLTP Update condition is 1.
For a sell Price Improvement order you enter SLTP as 98 and Limit Price as Now if LTP moves to then order will trail with SLTP as 99 and limit price as But if the LTP moves down to then SLTP will remain unchanged. If SLTP does not get triggered during the day and you have MBC selected then this order will be modified to market at a pre-defined time. What will happen to my pending Price Improvement order if the SLTP Update condition is changed during the day?
If the SLTP update condition is changed during the day then the next trail not immediate trail of your pending Price Improvement order will happen according to the changed SLTP update condition. What will happen if my Price Improvement order gets triggered and remains pending? Your Price Improvement order will become a normal cash order as soon as it gets triggered.
This means it will no longer have the trailing stop loss feature and will not trail. This pending normal cash order will also not be modified to market in the MBC process since it is not a Price Improvement order. Will my part executed Price Improvement order trail for the remaining open quantity? What if my Price Improvement order does not get execution during the day? If your Price Improvement order does not get execution then this order will get expired post market hours.
You can place a fresh Price Improvement order for the next trading day. What will happen to my pending order in a stock which is disabled for trading during the day for Price Improvement order? Your pending improvement order will not have any impact even if the stock is disabled for trading under the product.
However no new Price Improvement orders will be allowed in that stock. Can I select Market Before Close for a Price Improvement order after the MBC process is run? No, you cannot select Market Before Close for a Price Improvement order after the MBC process is run.
What will happen to the orders which remain unexecuted even after the MBC process is run? Price Improvement orders which have been modified to market in the MBC process will now remain pending as normal cash order.
You should refer to the status of the order and act accordingly. How the funds will be blocked under Price Improvement order? Funds will be blocked as existing like Cash, which is percent of the order value in case of cash buy based on your order limit price.
In case of auto system modification of Price Improvement order, funds which were blocked on order placement or customer modification, will be released but will be blocked till the total order value. Will my Price Improvement order trail when the price feeds for a stock are not received? Your Price Improvement order will not trail for a stock whose price feeds are not received. Will my Price Improvement order trail for the price feeds received when the order acknowledgement process is underway?
Your Price Improvement order will not trail for the price feeds received between the time when order modification is sent to the exchange and its acknowledgement is received. Is there any difference in cash and security settlement for a Price Improvement order and cash? Since Price Improvement order is a cash order so there is no difference in the settlement part for Price Improvement order from normal cash order. What is Multi Price Order in Cash?
Multi price Order are orders wherein you can place order with two prices, first being the normal Limit Price and second price as "Cut off price". Cut off price order type can either be a Limit order or a Market order, as per your choice. In case you choose to place Multi Price order with "Cut off order type" as 'Limit' then you will be required to enter the Cut Off Limit Price at which your order will be modified by I-Sec at a pre-defined time near market close.
Yes, you can place Multi Price Order for trading on NSE and BSE. Can I place Multi Price order in all products under Equity? Can I place Multi Price order at any time during the day? You can place Multi Price order during the day as per existing timings allowed for normal order placement for above mentioned Equity Products. From where do I place Multi Price order in Cash? You can place Multi Price order by visiting the new 'Advanced Cash Order' under the Equity trading section.
You can also place Multi Price Order from Place Order page where 'Place Multi Price Order' link is available. What is cut off time? A Cut off time is a time which is pre-defined by I-Sec which will be near to market close time. What is "Modify order at Cut Off time"? In case of orders under Multi Price product if your order remains pending at the end of day then at pre-defined Cut Off time by I-Sec, your pending Limit Price order s will be modified from Limit Price to Cut off Limit price or from Limit to Market Price as per the Cut off order type and price chosen by you at the time of order placement.
Can I place market or only limit price order in Multi Price order? Multi price order is order with two prices among which first price by default has to be a Limit Price only and second Price which is the Cut off price can be chosen by you as Limit or Market price at which I-Sec will modify your order. Which order details can I modify in a pending Multi Price order? You can modify fresh Limit Price, Quantity, Cut off Price i. What if my Multi Price order does not get execution during the day?
Multi Price order being Day order, if the order does not get execution then such order s will get expired post market hours. You can place a fresh Multi Price order for the next trading day. What will happen to my pending order in a stock which is disabled for trading during the day for Multi Price order?
Your pending Multi Price order will not have any impact even if the stock is disabled for trading under the product. However no new Multi Price orders will be allowed in that stock. There is no change in the funds blocking or margining for Cash, Flexi Cash and Spot and will continue to remain as is for the respective products even for the Multi Price order.
Is there any difference in cash and security settlement for a Multi Price order? Is there any additional charge or brokerage with regards to Multi Price? There is no additional charge for Multi Price orders and existing brokerage and statutory charges and levies as applicable for Equity products would apply to Multi Price orders.
What is a Settlement cycle? Please refer Learning Centre. If I have purchased a share, do I have to take delivery? You can choose to sell the share before the end of settlement cycle. However once the settlement cycle is over you have to take delivery by paying for it. Settlement of securities will be done without any netting off of positions. If you have purchased shares, you will have to mandatorily take delivery. You will not be permitted to sell the same in the same settlement.
The Segment to which the stock belongs can be seen from the 'Stock List'. If I have sold some shares, can I use the cash projections therefrom to buy other shares? Settlement of funds is done on net basis for each segment. Therefore, Cash projections against sale of some TT Segment stock will be available for purchase of the same or another TT Segment Stock. Similarly, Cash projections against sale of some Rolling Segment stock will be available for purchase of the same or another Rolling Segment Stock.
However, there is no netting off between various Segments. Therefore, Net Cash projections against sale of one or more of TT Segment stocks will not be available for purchase of Rolling Segment Stocks in the same settlement.
Similarly, Net Cash projections against sale of one or more of Rolling Segment stocks will not be available for purchase of TT Segment Stocks in the same settlement. However, Net Cash projections of one segment will be available for purchases in another segment on the next trading day onwards since the cash pay-out day of the earlier settlement falls on or earlier than the cash pay-in day of settlement in which the purchase is sought. If I have sold, do I have to give delivery of shares?
You can choose to buy the share before the end of settlement cycle. However once the settlement cycle is over you have to give the delivery of shares from your Demat account.
If you have sold shares so notified, you will have to mandatorily give delivery. Any purchases have to be separately paid for and delivery taken.
Therefore, even after any subsequent purchase in the same settlement, the blocks on your DP balances will remain till settlement. I buy a share, how will the payment be made and how will I get the shares? The payment will be made on the Pay-In day which depends on the settlement cycle and the exchange. The shares received from the exchange will be automatically transferred to your Demat Account.
The money required for purchase will be transferred from your Bank account. A similar process takes place when you sell the share.
I have bought some shares but some amount has not been deducted from my Bank Account? The amount will be deducted from your linked ICICI Bank account on the Trade Day itself. The date on which amount is to be deducted from your account can be checked from the 'Cash Projection' page. I have bought some shares but shares have not come into my demat account? The shares will come into your demat account at the time of settlement. Hence you can expect the shares to come into your Demat account on Pay-Out of securities i.
In case you do not receive the shares, it may be due to the stock being in 'No Delivery' period. In this case the shares will come from the exchange after the 'No Delivery' period is over which could be weeks away. The date on which the shares are to be credited to your Demat Account is indicated on the Order verification screen which comes up on submitting a Sell order. Alternatively, it is possible that the shares may not have come from the exchange because of short delivery by the counter party selling broker.
In this case, the exchange conducts an auction to buy the shares to the extent delivered short by any broker from the open market and the shares may be received a few days later. If the shares are not received in an auction also, the exchange suitably charges penalty from the person liable to deliver the shares. You are suitably compensated and the consideration is remitted to you as soon as it is received from the exchange.
I have sold some shares but the payment has not come into my bank account? The amount will be come into your bank account at the time of settlement. At times, however, the share may be in 'No Delivery' and hence the payment may be received only after the 'No Delivery Period' is over, which might be weeks away. The date on which amount is to be credited to your account can be checked from the 'Security Projections' page. What is a short delivery? Short delivery refers to a situation where a client, who has sold certain shares during a settlement cycle fails to deliver the shares to the member either fully or partly.
Details of short delivery, if any, for orders placed by you is posted in the My Messages link on the Equity page. What is an auction? An auction is a mechanism utilised by the exchange to fulfil its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member.
Auctions are generally held on Friday. What factors give rise to an auction? There are three factors, which primarily give rise to an auction: Un-rectified Bad Deliveries - this is relevant only in respect of shares in physical form 3. What happens if the shares are not bought in the auction? If the shares could not be bought in the auction i.
The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction. If, during the course of the settlement cycle, the price moves in your favour rises in case you have a buy position or falls in case you have a sell positionyou make a profit.
In case the price movement is adverse, you incur a loss. However, margins are blocked only to safeguard against any adverse price movement. However, the risk profile of your transactions goes up. How is margin trading different from trading in Cash segment?
Whereas in Margin trading, sell transactions are squared off unless converted into delivery cash segmentMargin Buy positions which are marked with square off mode as 'Broker' will be squared off unless converted to delivery cash segment and Margin Buy positions which are marked with square off mode as 'Client ' will not be squared off by the system but it will be the customer's responsibility to square off such positions before the stipulated time stipulated time is available on the site on the Margin product buy page in the 'Help' link besides the Square off mode.
The time when the Margin open positions will be squared off i. For example, when you place an order to buy shares of Reliance in the cash segment, your intention is to pay for and receive the shares in your demat account. However, if the same order were to be placed in the margin segment, your intention would be to sell those shares subsequently in the same settlement at a higher price and thereby make a profit on the same.
However, if the price falls subsequently, there may be a loss. Since a cash position is meant super binary options strategy that works be settled by delivery, the required cash or securities are blocked in full.
A sell order in the margin segment can be a que hora abre mercado forex even without having any stock in demat account.
However, unlike the sell order in the cash segment which can be placed without having any limit, a sell order in margin can be placed only if sufficient limit is available. The most important thing to understand is that donde operar en forex you can leverage on your trading limit with margin trading, the risk profile of your transactions goes up substantially.
For more details login to your account and visit the Stock List option on the Equity section of the Trading page. What does us dollar euro calculator Square off' and 'Client Square off' mean in Margin product?
The onus to square off such positions before the stipulated time NSE: Can I place 'Broker Square off' and 'Client Square off' mode Margin transactions on NSE and BSE? Yes, you can place 'Broker Square off' and 'Client Square off' mode transactions on both NSE and BSE.
What is meant by 'Margin Positions' page? The 'Margin Positions' page on the site is the page which displays margin open positions taken in the current settlement and provides you the facility to: Add margin - You can add additional margin against positions taken in the current settlement CTD Convert to Delivery - You can convert margin position to Cash position and take delivery of the same Square off - You can place square off order against your position using this link Change mode - You can change the mode of the positions taken in the current settlement from Broker to Client and vice-versa.
What is mean by 'Pending for Delivery' PFD page? What are the details available on the PFD page? The 'Pending for Delivery' PFD page on the site is the page which displays all your open Margin Buy positions taken in Client square off mode which were not squared off by you in the earlier settlements. The PFD page is similar to the Margin Positions page. The following details are displayed on this page: The positions will remain in the Pending for Delivery page till the number of days specified by I-Sec from time to time.
After the expiry of the days mentioned, these positions will be squared off by the risk monitoring system's EOS process at a time mentioned by I-Sec and displayed on this page. Is there any impact on my position in the scrip in which there is a corporate action?
Yes, in case of corporate action in the particular scrip there could be a possibility of positions being squared off earlier than the number of days specified or expiry date mentioned on the Pending for Delivery page. Please note you will also not be allowed to create fresh positions in such scrip as the same would be disabled due work at home jobs pasadena tx corporate action.
You bought quantity shares of TISCO at Rs. In this examplelet's assume March how can i make money without hustling, is the Ex Date for a Bonus Shares corporate action, hence the position will be squared off one or two days before Ex Date and you will also not be allowed to create fresh position in this scrip for few days till it is reactivated for trading.
Please note that I-Sec may its own discretion decide whether or not to apply the above process for a particular corporate action. The above mentioned process shall be applied if I-Sec is of the opinion that corporate action may have a potential impact on stock's price. Can I trade in Margin at any time during the day? Can I place employee stock option plans esops Margin order at 3.
You can trade in Margin 'Broker Square off' and 'Client Square off' mode transactions any time during the market hours. You can trade in Margin Client square off mode till 3. However, after the End of Settlement EOS process for the day is run, you will be permitted to take or square off only Buy positions in Client forex forex system trading trading forex trading off mode and positions can be taken only in scrips for which the facility to choose the Client square off mode young millionaire forex trader available provided Margin product trading is enabled for the same scrip.
Which stocks are eligible for margin trading? Why is the stock list restricted to specific scrips only? At present, only select shares have been enabled for trading in the Margin product. Only those stocks, which meet the criteria on liquidity and volume have been enabled for trading under the Margin product. You can visit the Stock list page for viewing the list of stocks enabled for Margin trading on NSE or BSE. I-Sec reserves the right read forex graph stock selection for margin and may, at its sole discretion, include or exclude any shares from the margin list on any exchange without any prior intimation.
To place a Buy order in Margin, you need to visit the 'Place Order' page under Equity Transact section and select 'Margin Buy' tab. You will have to select the 'Square Off Mode' for the order as either 'Broker' or 'Client'.
All other order parameters remain the same as in the Cash product. To place a Sell order in Margin, you need to visit the 'Place Order' page under Equity Transact section and select 'Margin Sell' tab.
For further assistance, you may refer define stock market turnover the 'Help' section on the respective page. Can I place short sell orders i. Yes, you can place short sell orders in the Margin product. However, you will have to square off the position on the same day before the EOS process is run as you cannot have an open net sell position at the end of the settlement cycle.
Do you block the shares in DP when a sell order is placed in the margin segment? Unlike a sell order in the cash segment, securities are not blocked in your demat account at the time of placing a sell order in Margin. Can I trade in Margin and Cash on the same day in the same scrip?
You can trade in Cash and Margin on the same day in the same scrip on the same exchange as well as on different exchanges irrespective of the Margin square off mode. Can I convert my pending margin money exchange rates canadian to american into an Order for Cash Segment?
Only the executed margin position can be converted to delivery cash segment and not the pending orders in margin. In such case, you can cancel your margin order and place a fresh order in cash. Can I take Margin position with client mode if unsettled position exists in the Cash product? You kathy lien forex book pdf take Margin positions with Client mode if there is any unsettled position in Cash.
All unsettled positions in Cash can be viewed under the Securities projection page under Equity. Can I choose different square off modes for 2 different orders in the same scrip on same day?
You can choose different square off modes for 2 different orders in the same scrip on same day if each order is in different exchange. But you cannot choose different modes of square off for 2 different orders in the same scrip in the same exchange in a day. The mode of square off for your 2nd Margin order in the same scrip has to be the mode chosen during the 1st order placement if transaction is being done on the same exchange.
This would mean that in a current settlement on an exchange on a day you can have margin position or orders in same scrip only in one mode. Can I choose different square off modes in the same scrip in different days? You can choose one mode in a scrip on a option device dev input mice and another mode in the same scrip on the next day.
I hold a position in a scrip in the Pending for Delivery pagecan I place Cash orders in the same scrip? Yes, you can choose to place Cash buy or sell orders in same scrip in which you have a position in your Pending for Delivery page on same exchange as well as on different exchange.
However, you can also opt to Convert to delivery and take delivery of the position which is in Pending for Delivery page or you can place Margin orders with Client or broker mode in such a scrip. I have squared off my position in Pending for Delivery, can I place Cash buy or sell orders in the same scrip today? You can place cash orders in that scrip today on same exchange as well as on different exchange if you have fully or partially squared off your position on pending for delivery page in that scrip.
You can also place fresh Margin orders in the same scrip on the same day on the same exchange. You can place Margin orders with Client square off mode in a scrip if you have done shares as margin in the same scrip and vice versa. Is the facility to choose the Client square off mode available for all scrips? The facility to choose the Client square off mode is available in select securities and for fresh Buy orders only.
The facility is not available on Sell orders or modifying unexecuted orders Also, the square off mode can be changed for your existing buy positions during the day anytime before the EOS process for the current settlement is run. How can I know the securities for which the facility to choose the Client Square off mode is available?
To know the list of securities for which the Client square off mode option is enabled, please refer 'Client Square off Mode Enabled' column on the following path: Where can I see the square off mode for a buy order placed by me? The order and the square off mode chosen against the order can be seen in the Order Book, under nigerian stock exchange gainers and losers column 'Square off mode'.
All sell orders under the facility are by default marked under the Broker square off mode. How do I differentiate between margin orders and cash orders in gewicht forex 8mm order book?
To distinguish between the two order types, Margin orders random portfolios for evaluating trading strategies displayed with a yellow background while cash orders are displayed with training day cast rapper white background in the order book.
However, you how to profit from vacant land cancel the order and place a fresh order by selecting a different square off mode.
You can change the square off mode of executed buy margin orders from the Margin Positions page after the order is executed. How do I see my open positions in margin? To view the open margin positions created during the day, you can visit the 'Margin Positions' link on the trading page. To view Margin open positions taken in earlier settlements, you can visit the 'Pending for Delivery' page in the Equity Section of your www.
How can I change the square off mode of my open Margin positions? To change the square off mode of Margin positions click on: The 'Square off mode' column on these pages displays the current mode of square off chosen by you for that position. On clicking the 'Submit' button, you can change the square off mode.
For example, if your current square off mode is 'Broker', on clicking the 'Submit' button, make money as a liquidator can change the square options sell covered call mode to 'Client'. In both cases, you can change the square off mode anytime before the EOS usd inr exchange rate today rbi is run for the day.
How many times can I change the square off mode? You can change the square off mode of a position as many numbers of times as you want till the time the EOS process is run. After the EOS process the square off mode of Margin positions cannot be changed. How much margin would be blocked australian stock market widget placing the margin order?
Initially, margin is blocked at the applicable margin percentage of the order value. For market orders, margin is blocked considering the last traded price of the stock as the order price.
On execution of the order, the same is suitably adjusted as per the actual execution price of the market order. For more details on the margin percentage login to your account and visit the Stock List option in Equity section of the Trading page.
Is the margin percentage uniform for all securities? It may not be so. Margin percentage may differ from security to security and settlement to settlement based on the liquidity and volatility of the respective security besides the general market conditions. For more details login to your account and visit the Stock List option in Equity section of the Trading page. Is margin blocked on all margin orders? Margin is blocked only on margin fresh orders, which are in the nature of building up fresh positions.
For example, if you have a buy position executed trade of shares in Reliance in margin and now place a sell order for shares in Reliance in margin, the sell order would not attract any margin as it is in the nature of a cover order. However, if you place a sell order for shares, the additional sell quantity of the sell order i. Such orders can be called 'partial cover and partial fresh order'.
If an executed order results in creation of a new position, the margin blocked on the order gets appropriately adjusted for the difference, if any, in the order price at which the margin was blocked and the execution price. Accordingly the limits are adjusted micro forex account uk differential margin.
If an charles schwab employee stock options order is in the nature of a cover order, i. Accordingly, the limits will be adjusted for the released margin as well as for the effect of profit and loss on the transaction.
To view the details of your Limits, please click on 'Limit' link on the Equity trading page of your www. When is commodity futures market ppt blocked on margin positions released?
When a margin Sell position is closed out either by squaring off or converting to delivery or a margin Buy position is closed out by squaring offproportionate margin blocked on the position so squared off is released back and added to the limits. What is meant by 'squaring off a position'? What is a cover order? Squaring off a position means closing out a margin position. You can place the square off order by clicking the ' Square off ' link against the margin open positions.
For example, if you have a margin buy position of Reliance Shares', squaring off this position would mean selling Reliance shares. The order placed for squaring off an open position is called a cover order. In the example, the order placed to sell Reliance shares is a cover order against the open position - 'Buy Reliance Shares'.
How do I place a square off order in margin to close my open positions? To square off Margin open positions created and maintained from earlier settlements, you citibank exchange rate euro to sgd have to click on the 'Square Off' hyper 24 hour binary option trading vegas on the 'Pending for Delivery' page.
How does the profit and loss get recognized on execution of square off cover orders? For example, say you have a margin position - 'Buy Reliance Shares' at an average price of per share created by the execution of 2 orders - 'Buy 50 Reliance Shares per share' and 'Buy 50 Reliance Shares 90 per share'.
If you square of a part of the position by selling 60 Reliance Shares per share, the profit on such square off would be calculated as: In case of profit on a margin position or where the Available Margin is in excess of the Margin Required, can I reduce the margin against the position to increase my limit?
Margin top 10 binary option signals in excess of the requirements cannot be reduced by you.
The only way margin is released is by canceling an unexecuted margin order where margin is blocked against a margin order or by closing out a margin position where margin is blocked against a margin position. Where can I see the quantity squared off in case of positions taken in the earlier settlements?
The part quantity squared off in case of any positions taken in earlier settlements can be viewed by clicking on the 'Squared off Qty' link present against the position on the 'Pending for Delivery' page. Is it compulsory to square off all Margin positions within the settlement? It is compulsory to square off space and binary options brokers comparison your open positions net of what has already been converted to delivery within the settlement.
In case, any Margin Buy position with Client square off mode remains open it will be shown in the 'Pending for Delivery' page. Can I extra income forex trading not to square off a margin position marked under the Broker square off mode? Yes, you can choose not to square off a position marked under the 'Broker' square off simple forex strategies work by either choosing the 'Convert to Delivery' option before the EOS is run for the day or changing the mode to Client square off.
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.
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 review of stealth forex signals pro version 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. What does End of Settlement EOS mean? What is the stipulated time for running the EOS and which positions are squared off in the EOS?
End of Settlement EOS is a process by which specific Margin positions in a particular Settlement, if not squared of by you within the stipulated time, are identified and squared off by I-Sec on a best effort basis. Two types of EOS processes are run by I-Sec under the Margin product: EOS for current settlement: Based on which kind of positions are open, order cancellation will be done in following manner: Forex4you account type for earlier settlements: Unexecuted square off orders for arbitrage best binary option signals software taken in the settlement free money on my netspend card which the EOS process is being run.
Buy positions of the earlier settlement appearing in the Pending for Delivery page which are marked under the client square off mode Buy positions of the earlier settlements appearing in the Pending for Delivery page whose square off mode has been changed from 'Client' to 'Broker' square off mode The stipulated time for EOS process for earlier settlement will be displayed on the 'Pending for Delivery' page of our site everyday.
Please note that if a particular earlier settlement EOS could not be run on the stipulated day as per the stipulated time forex micro accounts brokers to any reason then I-Sec at its sole discretion will run the EOS for that earlier settlement on the next trading day.
Will all open positions be squared off when the End Of Settlement process is run? All open Sell positions will be squared off by I-Sec, on best effort basis, when the EOS process is run. For Buy positions, only those positions which are marked with 'Broker' square off at the time the current settlement EOS is run, will be squared off by I-Sec portfolio in stock market meaning best effort basis.
In case of Buy positions that are marked with 'Client' square off, the onus lies on top losers stock market today to square off such positions. I-Sec will not square off positions marked with 'Client' square off on T day till the stipulated brokerage for options icicidirect until which such positions are permitted to be maintained. However, if the requisite amount is not brought in till the stipulated time then the positions will be squared off by the EOS run for that earlier settlement.
Will the current settlement EOS process cancel my pending Sell orders if I have an Open position in Client mode on T day? The Current settlement EOS process will cancel pending Sell orders against your T day open Client mode Buy position only if the total quantity of your pending sell orders including all sell orders placed under that scrip exceeds the position quantity.
The open Buy position in Client square off mode will remain untouched by the EOS square off process i. Open Buy position in Client square off mode are not squared off by the EOS process run for the current settlement. Sell orders will not be cancelled in the above case since Total Brokerage option stock Sell order qty 45 is offering forex metatrader broker than the total Open Buy position qty of in Client square off mode and are treated as square off orders against this Buy open position.
Will the current settlement EOS process cancel all my pending Buy orders if I have a Sell Open position on T day? The Current settlement EOS process will cancel all pending Buy orders forex correlazione tra valute. Buy orders with Broker as well as Client square off mode irrespective of the quantity against your open Sell position on T day. On cancellation of pending buy orders the Sell position will then be squared off by the current settlement EOS square off process.
Can Margin Sell Orders be modified after End of Settlement process? Margin Sell orders cannot be modified after End of Settlement process. Existing order has to be cancelled and a fresh square off order can be placed using square off link in Pritchard stockbrokers limited Positions page.
What is meant by 'Convert to Delivery'? For example, If you have a margin position of 'Buy Reliance Shares' marked either in bucharest stock exchange trading calendar Client square off mode or the Broker Square off mode, you can choose to receive delivery against the same by choosing the 'Convert to Delivery' option. You can convert even a part of the total quantity of If you have a margin position of 'Sell 50 Reliance Shares' you can choose to give delivery of shares against the sell margin position if you have the requisite shares in your demat account by choosing 'Convert to Delivery' option.
How do I convert my margin position into delivery cash segment? To convert a Margin position, which is taken in the current settlement, to delivery Cash segmentyou can click on the link 'Convert to Delivery' CTD on the 99 60 second binary options how to trading strategy Positions' page.
Similarly, to convert the positions of the earlier settlements you can click on the link 'Convert to Delivery' on the 'Pending for Delivery' page to convert the desired quantity to delivery. Part or full convert to delivery is permitted in both the above cases. I have more than 1 position 'Pending for Delivery' in a scrip, which position can I convert to delivery first?
Convert to Delivery is permitted in the order in which the positions are taken. You can convert the position taken in earlier settlement first. The 'Converted to Delivery' page present on the Trading section under the Equity page. The 'CTD Qty' link present on the 'Pending for Delivery' page.
When can I do cash sell for the shares received through Convert to Delivery? Can I convert my position in Cash Segment candlestick chart patterns for day trading Margin Positions?
Only the position in margin can be converted to delivery cash and not vice versa. How does 'Convert to Delivery' impact limits?
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On converting a 'Sell' position to delivery, the shares for the converted quantity are blocked in your demat account. Can I convert to delivery my Margin positions with Client square off mode on the same day of taking the position? Margin positions with client square off mode can be Converted to delivery in the same settlement in which the position is taken.
Alternatively, you can also modify such positions to Broker mode and do a Convert to delivery on the same day of taking the positions. Can I change the square off mode from Broker to Client for position in current settlement after having done convert to delivery for part quantity? If you have done a Convert to delivery of part quantity of your Broker mode position, you will be able to change the square off mode of this position to Client mode for the balance quantity.
How is margin availability checked by I-Sec for open Margin positions marked under Broker square off mode? In case of Margin positions in price band scrips under the Broker and Client square off mode, I-Sec monitors the percentage change in the price of these scrips. If the scrip is in negative as compared with the previous trading day closing price then cancel all unexecuted fresh buy orders and pending sell square off orders and square off all the long positions at market price In addition to above in case of Broker square off mode I-Sec will check: If the scrip is in positive as compared with the previous trading day closing price then cancel all unexecuted fresh sell orders and pending buy square off orders and square off all short 60 second binary options scam ladder at market price To know list of such scrips, please visit stock list page where price band column would be marked as "Y" for such scrips.
However, stock trading hammer scrips not included in the above list will not be disabled for further trading in Margin due to the above reason during the day. How is margin availability checked by I-Sec for open Margin positions marked under Client square off mode?
The Intra-day Mark to Market process run by I-Sec checks the margin availability in case of Buy positions marked under the Client square off mode, this is checked by comparing the Available Margin with the Forex trading leverage ratio margin required for the position. Can there be a change in the margin requirements on my Margin positions?
At frequent intervals, for positions marlin model 60 stock replacement under the Broker and Client square off mode, I-Sec checks whether margin blocked on positions is sufficient in light of the prevailing market conditions.
If the available margin is not sufficient, additional margin is checked and in case the same is not available, the positions are squared off on best effort basis in andrew west stockbroking melbourne Intra-day Mark to Market process run by I-Sec.
What is meant by Intra-Day Mark to Market process? Is it run for all positions? Intra-Day Mark to Market process is a process whereby I-Sec checks whether sufficient marriott timeshares to buy is available on positions.
There are separate Intra-Day Mark to Market processes run for: If the Available Margin AM falls below the Minimum Margin MM for any position, I-Sec, through this process, blocks additional margin required out of the Limits available, if any. I-Sec may, at its discretion and at suitable time intervals, run the Intra-day Mark to Market processes. Is the Intra-day Mark to Market process same for all Margin Buy and Sell positions marked under the Broker square off mode?
Yes, In pdfx4 2016 joboptions would be a single Intra-day Data entry work from home jobs in birmingham al to Market process run for all your open Buy and Sell Margin positions under broker square off mode.
Is the Intra-day Mark to Market process same for all Margin Buy positions marked under the Client square off mode? Two types of intra-day mark to market processes are run by I-Sec for Margin Buy positions marked under the Client square off mode, as follows: Intra-day Mark to Market for positions taken in the current settlement: In this case, if the AM is less then MM and there are no Limits available, the Intra-day Mark to Market process would cancel all unexecuted orders in such security and if additional forex global solutions cyprus is further required, the process would stock option calculator spreadsheet templates off the positions which have a margin shortfall.
Intra day Mark to Market for positions in the 'Pending for Delivery': In case AM is less then MM and there are no Limits what is intraday trading india, the Intra-day Mark to Market process would cancel all pending square off orders in such security and if additional margin is further required, the process would square off the positions which have a margin shortfall.
What is Minimum Margin MM? How is it calculated? Where can I see the Minimum margin amount? Minimum Margin is the margin amount that you should ensure to maintain with I-Sec at all points of time for your open Margin Buy and Sell exchange rate euro dollar graphic under Broker ipo trading strategies off mode and for all your open Buy positions under Client square off mode.
Once the available margin with I-Sec on such positions goes below the minimum required margin,I-Sec would block additional margin required from the limit available and in absence of sufficient limits for the required margin such positions will be squared off either in part or full. The details are explained in the FAQs below.
Is Minimum Margin different for Margin positions under Broker agea forex leverage Client square off mode?
Minimum Margin is different for different scrips and also different for same scrip under Broker and Client square off modes. For viewing the Stock list, login to your account and visit the Stock List option on the Equity section of the Trading page. What is Available Margin? Where can I view the Available Margin amount? Available Margin amount can be viewed on the Margin Positions page for Broker and Client square off mode positions taken in the current settlement or the Pending for Delivery page for the Deutsche bank sells retail forex business square off mode positions taken in earlier settlement.
What is Amount Payable? Where can I view Amount Payable? Amount Payable refers to the amount required to be paid by you, over and above the margin amount, at the time of taking delivery of your margin position.
If you wish to take delivery in case of positions in Broker square off mode, the amount has to be paid on T day before the end of the settlement. Amount payable for such positions can be viewed on the 'Margin Positions' page. In case of positions in Client Square off mode, the amount has to be paid on or after T day but within the stipulated time. Amount payable for such margin positions can be viewed on the 'Margin Positions' and 'Pending For Delivery' page Amount payable is calculated as Cost Value of the Position - Margin paid against positions.
What is Margin Amount? Margin amount, being displayed on the 'Margin positions' or 'Pending for Delivery' page, is the margin amount paid by you for your Margin positions.
Margin amount is calculated by applying the margin percentage on the trade value of the margin transactions. Also add margin done, if any is added to this margin amount. During the day, the margin amount including add marginif any, is blocked in your account for all open margin positions. In case you have Pending for Delivery positions, the margin amount for such positions is debited from your bank account at the end of the day.
What is additional margin? Additional Margin is how do you calculate a put option margin amount required to safeguard a position when it has been identified as short of margin. Additional margin is required when the Available margin against the position goes below the Minimum margin required to be maintained for the position. How do you calculate additional margin required for margin buy positions which come into the Intra-day Mark to Market loop?
Additional Margin for Broker square off mode positions that come in Mark to Market loop is calculated as Amazon instaforex binary options Initial Margin less the Available Forex training course london. You have bought shares of ACC at each.
You would be having a margin of blocked against this position and the Amount payable against this position would be The current market price is now say The Minimum Margin for this position is calculated as: Lets say the limits are Entire would be blocked and since limits were not sufficient to cover the Additional Margin requirement the system will re-calculate the margins as per the above steps.
If still limits hyips robot forex insufficient and your position is in the MTM loop the system will proceed to calculate the square off quantity. In case the Limits available were above then the system would do an add margin for and the position would have been safeguarded from being squared off.
Additional Margin for Client square off mode positions that come in the Mark to Market loop is calculated in two phases as follows: In phase one, if Available Margin is less than Minimum Margin, Additional Margin is calculated as: The system will try and block this Additional Margin from the free limits.
In case free limits are not available or the limits are not sufficient to meet the Additional Margin io stock market watch game hack the position gets into square off mode and the intra-day mark to market process enters the second phase.
In case there is limit available then limits will be blocked against the position requiring maximum additional margin in that scrip and the limits blocked will reduce the Amount Payable to the extent of limits blocked. In phase two, if there are no limits or limits were insufficient above then, the system will follow the following: Cancel all the pending orders in the scrips that are short of margin Recalculate the Minimum Margin and Available Margin as the Minimum Margin requirement will go down to the extent of limits blocked if any.
Recalculate the Revised Initial Margin as: Recalculate Additional Margin as: Revised Initial margin - Available Margin For example: The minimum margin for this position is calculated as: Now the system will check if the Additional Margin requirement can be met from forex trading opportunities free limits. Entire would be blocked and since limits were not sufficient to cover the Additional Margin requirement the system will re-calculate the margins in phase 2.
What happens if I have more than 1 position under Client square off mode in different settlements in the same scrip? All positions under Client square off mode will be clubbed at scrip level across settlements for calculation of Amount Payable, Minimum Margin, Available Margin, and additional Margin required. Why are positions under Client square off mode clubbed at scrip level for calculation of margins? Positions under Client square off mode are clubbed at scrip level across settlements to provide stock brokers austin tx benefit of excess margin available in positions taken in one settlement is adjusted towards positions in another settlement.
It is possible that the Available margin for a position is more than the required level of margin and another position in the same scrip does not have sufficient Available margin. In this case it proves beneficial to club the positions in a scrip to provide benefit of excess margin available in a position. How do I check if there is a margin shortfall on any margin position?
If available margin falls below the minimum margin required on that position, then such position may be squared off in the intraday MTM process if additional margin is not allocated. This shall be considered as a margin call on that position. You put option spreads on eurodollar futures advised to allocate additional margin immediately to meet the margin shortfall else such position may be squared off by I-Sec, on best effort basis.
Further, please note that the Margin Positions and Pending For Delivery pages do not refresh automatically. You need to frequently refresh the page by clicking on 'View' button to view latest details as the Available Margin is subject to change on every change in CMP. How do you call for stock options independent contractors margin during the MTM process?
Additional margin required is blocked from the limits available. What happens if limits are not sufficient to meet the additional margin requirements? In case of positions under Broker square off mode: If limits are insufficient to meet the Additional Gold forex trade signal requirement, the available limit will be blocked and the system will re-calculate the Available Margin, Minimum Margin and Additional margin requirements as explained above.
After this the system will cancel pending orders against that scrip and check if limits are now available to meet additional margin requirement. If yes, then system will block the additional margin requirement from the available limits and the position will be safeguarded. If no, then the quantity to be squared off will be calculated by the system.
In case of positions under Client square off mode: If limits are insufficient to meet the Additional Margin requirement, the available limit will be blocked and the system will re-calculate the Additional margin requirement as explained above.
Additional margin is re-calculated again, as the Amount payable on the position will be reduced by the amount blocked in limits and thus Additional margin requirement will also be reduced. After this, the quantity to be squared off will be calculated. What will happen if there are more than 1 margin open positions in the same scrip under Client square off mode and the limits are not adequate to cover the Additional Margin requirement for all the positions?
In case the available margin is not sufficient to fulfill the additional margin requirement for all open positions, the available margin would be first allocated to the position that requires the maximum margin followed by the position that requires the next highest amount and so on. Thus limits would be blocked against positions in the descending order of additional margin requirement. After the entire available limit is blocked as above, the system will re-calculate the Additional margin requirement as explained above and square off the required quantity.
What happens if the limit is insufficient to meet a margin call but there are unallocated clear funds available in the bank account? While making an online check for available additional margin, I-Sec would restrict itself only to the extent of trading limit and would not absorb any amount out of un-allocated funds so as to keep your normal banking operations undisturbed. It is, therefore, advisable to have adequate surplus funds allocated for trading when you have open margin positions.
Will the entire position be squared off in case the additional margin required is not available in limits? Only such quantity as calculated by the system during the Intra-day MTM process will be squared off.
In some cases the square off quantity may be equal to the position quantity. How is the square off quantity calculated by the Intra-day Mark to Market process? Broker square off mode positions square off quantity will be calculated as: Client square off mode positions square off quantity will be calculated as: The square off quantity arrived by the above formula is rounded up for placing square off order at market price.
For viewing the Stock list, login to your account and go to Stock List option in Equity section of the Trading page. Which position under Client square off mode will be squared off first in case the square off quantity is greater than the position quantity in a scrip in a settlement?
In case positions are open in multiple settlements under Client square off mode in same scrip then the position under a settlement where the Additional margin requirement is the highest will be squared off first, followed by the position having second highest additional margin requirement and so on.
Can I do anything to safeguard the positions from being closed out squared off? Yes, you can always allocate additional margin, suo moto, on any open margin position. Since the close-out process is triggered when losses exceed the threshold level and available margin is less than the margin required, having adequate margins will ensure additional margins are available in case the market turns unfavourably volatile with respect to your position. You can add margin to your position by clicking on 'Add Margin' link on the 'Margin Positions' or 'Pending for Delivery' page by specifying further margin amount to be allocated against the respective position.
Please note there is also an additional tracking tool provided to track your positions on the basis of Trigger Price and LTP. For more details you can refer below FAQs. What is Trigger price displayed on Margin position page and Pending for Delivery page for Margin positions?
Trigger price is just an additional tracking tool provided to track your positions to ascertain at what price level the position may get squared off on the basis of Trigger Price and LTP. However, you can continue to track your positions for intraday mark to market process on the basis of Available Margin and Minimum Margin and allocate additional margin if Available Margin amount is displayed in red colour.
Trigger price is a price which indicates that your Margin position may get squared off if LTP breaches the indicated trigger price.
Positions may be squared off due to below two reasons: But in case of point no 2 system will square off the position even if sufficient limits are available.
Is Trigger Price calculated for all scrips i. Price Band and No Band scrips? Yes Trigger price will be calculated for all scrips: Is Trigger Price calculated for both Broker mode and Client mode positions? Trigger Price is calculated for both Broker Mode and Client Mode positions.
Will Trigger Price be calculated immediately on order placement? No, trigger price will not be calculated immediately on order placement. Trigger Price gets calculated only once your Buy or Sell order in Broker mode product and Buy Order in Client Mode product results into an executed trade and becomes an open position.
How is the Trigger Price calculated for Margin Broker mode positions? Trigger Price is calculated as follows: In case of Price band scrips: In case of Buy Broker mode positions: ACC is a price band scrip and you have bought shares of ACC at each. Previous Day close for ACC is Rs Trigger Price calculation as per Intraday MTM Process for Buy Positions: In case of Sell Broker mode positions: ABB is a price band scrip and you have sold shares of ABB at each. Previous Day close for ABB is Rs Trigger Price calculation as per Intraday MTM Process for Sell Positions: For other scrips i.
In case of No Band scrips: Trigger price for no band scrips will be calculated as follows: CIPLA is a non price band scrip and you have bought shares of CIPLA at each. Trigger Price calculation as per Intraday MTM Process: Trigger price for non band scrips will be calculated as follows: RELIND is a non price band scrip and you have sold shares of RELIND at Rs each.
In the above case Trigger price would be displayed as Rs on Margin position page. How is the Trigger Price calculated for Margin Client Mode positions? In case of Price Band Scrips: Trigger Price for price band scrips will be calculated as follows: WIPRO is a price band scrip and you have bought shares of WIPRO at Rs each. Previous Day close for WIPRO is Rs Trigger Price calculation as per Intraday MTM process for Buy positions: Trigger Price for No Band Scrip will be calculated as follows: GAIL is a non price band scrip and you have bought shares of GAIL at Rs each.
How is Trigger Price calculated if I have more than 1 position under Client square off mode in different settlements in the same scrip? All the positions under Client square off mode will be clubbed at scrip level across settlements for calculation of Trigger Price.
You have a positions of Qty in CAIIND Price Band Scrip at Rs taken in settlement no. Previous Day Close for CAIIND is Rs Trigger Price calculation as per Intra Day MTM process: In case of No Band scrip: You have a positions of Qty in EXIIND No Band Scrip at Rs taken in settlement no.
Trigger Price calculation as per Intra Day MTM process: Is Trigger Price recalculated on Change Mode from Broker to Client and vice versa from Margin Position page? Trigger price is recalculated on Change Mode from Broker to Client and vice versa from Margin Position page.
Is Trigger Price recalculated on Change Mode from Client to Broker and vice versa from Pending for Delivery Page? Trigger price is not recalculated on Change Mode from Client to Broker and vice versa from Pending for Delivery page.
Can a Trigger Price earlier displayed change later? Trigger price may change if there is any change in Initial Margin Blocked value. Some of the events where Initial margin blocked value may change are like Increase in open position in same scrip, partial square off of existing position, Add Margin, and Convert to Delivery. Is the brokerage rate different for Cash and Intra day Margin product transactions?
The brokerage plan is different for Cash and Intra day Margin product transactions. For more details on the brokerage plans please visit the site www. Margin buy open positions that are marked as 'Pending for Delivery' shall attract the brokerage as applicable for the Cash product transactions.
Is there any interest on positions which are marked for 'Pending for Delivery'? Where can I see the interest amount on late payment? Yes interest on late payment would be calculated on the amount payable for the number of days delay in payment on your pending for delivery positions. The number of days delay would start from the exchange payin date for the settlement of the respective transaction and charged till the date the funds are actually received eg. The interest on late payment on a per day basis would be displayed under the ' Late Payment Details' link under your Equity trading section.
You bought qty shares of ACC at Rs. In this example interest on late payment would be calculated as follows: May 17, onwards till May 23, would be displayed on the Late Payment Details link under your Equity trading section.
In the above example say if you did CTD of full shares on May 17, then interest on late payment would be calculated for one day's delay as follows: What brokerage will be charged on margin positions taken in the current settlement and converted to delivery on the same day?
All margin positions converted to delivery on the same day shall attract the brokerage including statutory charges as applicable for Cash product transactions. What is 'Square Off and Quick Buy' on Pending for Delivery page? Square Off and Quick Buy' is an additional facility which will help you to square-off Sell your existing Pending for Delivery position and take a fresh Buy position in same scrip.
Under this feature you will be required to complete two steps to place two orders one after the other and both orders will be market orders. In the first step you will be required to place a 'Square off Market Order' and in the second step a 'Fresh Market Order' needs to be placed.
Please note that fresh position will be created only if you complete step 2 else only square off may happen without new position being created. Can I place 'Square Off and Quick Buy' orders from both Margin positions and Pending for Delivery page?
Can 'Square Off and Quick Buy' orders be placed for all scrips on Pending for Delivery page? On which exchanges will I be able to use the 'Square Off and Quick Buy' facility? Currently, as Client square off mode is available on both National Stock Exchange of India NSE and Bombay Stock Exchange of India BSEthis facility will be provided on both NSE and BSE.
From where can I place 'Square Off and Quick Buy' orders? You can click on this link to square off existing position and create fresh positions anytime before the stipulated time currently stipulated time for NSE: In case I choose 'Square Off and Quick Buy' link to square off and create new position in same scrip in which square off mode will my position be created?
This feature is provided against your positions which were originally created with Client square off mode. Hence all positions on Pending for Delivery page irrespective of their current square off mode will be created through 'Square Off and Quick Buy' link in Client square off mode itself. Can I place 'Square Off and Quick Buy' orders after converting square off mode of existing position on Pending for Delivery page?
Yes, you can place 'Square Off and Quick Buy' orders from Pending for Delivery page after converting square off mode from Client to Broker or vice-verse. Please note that in case you have changed your square off mode to 'Broker' and post this if you have created fresh position, then such fresh position will be created with Client mode for T day. And since the earlier settlement positions is already closed in Step 1 of 'Square Off and Quick Buy' i. Square off Market there will be no position to be squared off during the T day EOS process run.
In case you wish to square off your new position on the same day of position being created you may visit the Margin Positions page and either change the mode of your new position to Broker or use the square off link to close your position.
How will the 'Square Off and Quick Buy' facility work?
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Once you click on 'Square Off and Quick Buy' link from your Pending for Delivery page, a two step order placement page will open.
Step 1 will square off at market your existing position against which 'Square Off and Quick Buy' link was selected and Step 2 will create a fresh Buy position with Client square off mode.
Both the steps can be performed one after the other, both orders will be market orders and second step order can be placed only once the first step order is executed for full quantity. In case of single order with higher quantity, it is advisable to wait for a while after Step 1 to smoothly proceed with Step 2. In case you proceed before full execution of square off order quantity then an appropriate message will be displayed to re-try Step 2 to ensure creating a fresh position.
It is advisable to go back and Re-try Step 2 of placing Fresh Order. Can I place 'Square Off and Quick Buy' order for part quantity against my Pending for Delivery position? In step 1 for your Square off order under 'Square Off and Quick Buy', you can enter quantity up-to the position quantity. Accordingly, by default the same quantity will be auto populated in Step 2 to create Fresh market order.
However, in Step 2 for Fresh Market order, you have the choice to edit and enter any quantity of your choice to create new position under Client square off mode. If you have buy position of quantity in ACC, then you can place 'Square Off and Quick Buy' order for 50 or or quantity of your choice maximum upto the position quantity. Can I place 'Square Off and Quick Buy' order to create new position with higher quantity than the original position?
In Step 2 for Fresh Market order under this facility, you have the choice to edit the quantity and enter quantity of your choice which can be more than your open position quantity provided you have sufficient limits for creating the excess position. How will I place Fresh Market order in case I come out without completing Step 2 of 'Square Off and Quick Buy'? Where will I be able to see my fresh position?
On T day all Margin positions including the new position created through 'Square Off and Quick Buy' can be seen on your Margin position page. Client mode positions including the new position created through 'Square Off and Quick Buy' will be seen on your Pending for Delivery page.
Can I place Market and Limit orders under the 'Square Off and Quick Buy' facility? It is not possible to place Limit orders under this facility. You are requested to note that in case of market orders if the scrip is liquid and less volatile then execution may take place close to the current market price prevailing but in case of illiquid scrips and volatile market your execution price may vary from the current market price which was prevailing at the time of 'Square Off and Quick Buy' order placement.
Thereby, request you to note that there will be impact cost involved and delivery based brokerage would be applied on both the orders i. If I have already placed cover order then will I be able to place 'Square Off and Quick Buy' order? You cannot place a Square Off order through 'Square Off and Quick Buy' facility, to the extent of a cover square off order quantity already placed by you. However, you can continue to place Fresh market order for any quantity of your choice. If you have buy position of quantity in ACC and have already placed square off order of 50 quantity, then you can place Square Off order for 50 or maximum quantity i.
However, Fresh 'Quick Buy' order under Step 2 can be placed for a quantity of 50 or or or above i. How can I distinguish between 'Square Off and Quick Buy' orders from other orders? In order book, under the "Order Ref.
You are required to monitor the order book online to ensure whether fresh position has been created or not. In case there is only one order i. Will my 'Square Off and Quick Buy' orders always get executed? Under the 'Square Off and Quick Buy' facility there are two separate market orders required to be placed which are independent and have to be placed one after the other.
Further, please note that execution will happen only at exchange end provided there is sufficient liquidity and both the orders get suitable match. I-Sec does not guarantee execution of orders since these are two independent orders and it may so happen that only one order is placed or only one order is executed.
Since these orders are market, for higher quantity it is preferable to wait for sometime before proceeding with Step 2 to ensure execution of Square Off order for smoothly placing your Fresh Market order. Can I Place 'Square Off and Quick Buy' orders after market hours?
No, you cannot place 'Square Off and Quick Buy' orders after market hours. This facility involves market order placement under Margin product and is available only during market hours. Will I be able to place 'Square Off and Quick Buy' orders on the date of expiry for Pending for delivery positions? Yes, you will be able to use this facility till the date of expiry of your Pending for delivery positions i. How will margining be done for 'Square Off and Quick Buy' orders? Two orders will be placed one after the other where square off order does not require any margin.
However, margin requirement then prevailing will apply for the new position being created while placement of Fresh Market order under step 2. If you do not have sufficient limits required to place Fresh order under step 2, then you will not be allowed to place Fresh market order under step 2 against your position which will be squared off as per step 1.
In such cases you are required to allocate sufficient funds before using this facility and if your position has been squared off on submitting step 1 then you can opt to place new fresh order using the Margin Buy link to create your position. You have a position of 50 quantity Buy in ACC at Rs. You now want to recreate this entire position and LTP of ACC is at that time. However, since existing Margin position has been squared off at Profit and the amount is greater than the additional requirement you may not need additional limits for the step 2 of Fresh order placement.
Are there any additional charges for 'Square Off and Quick Buy' orders? There are no additional charges for 'Square Off and Quick Buy' orders and the existing delivery based brokerage and applicable statutory charges would be levied even on the two transactions carried out through 'Square Off and Quick Buy' link as per the brokerage plan selected by you.
MarginPLUS is an intra day product having an order placement feature wherein you limit your loss on every position by necessarily placing a cover order specifying the SLTP and a limit price.
The product also offers you an option to protect your gains by placing a cover profit order at a limit price which would get executed when your profit price has reached without you having to monitor the markets on a continuous basis.
The order which is placed for creating the position is called fresh order. The fresh order can be either a Market or a Limit order. Can I place a limit fresh order? Yes, fresh order can be placed as a Limit order. The fresh order as defined above creates an open position in the MarginPLUS product. The cover order is an opposite order taken by you to close your open position.
Assuming you have taken a buy position, your cover order will naturally be a sell order. The cover order will compulsorily have to be a cover SLTP stop loss order.
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You also have an optional facility of placing a cover profit order along with the mandatory cover SLTP order. Can I place MarginPLUS orders in all stocks? Only select stocks have been enabled for trading under the MarginPLUS product. Only those stocks, which meet the criteria on liquidity and volume have been enabled for trading under the MarginPLUS product.
I-Sec reserves the right to select the stocks for MarginPLUS and may, at its sole discretion, include or exclude any stock for trading in the MarginPLUS product without any prior intimation.
Is it compulsory to choose a Cover "SLTP Order" while placing a MarginPLUS order? It is mandatory to place a Cover SLTP order along with your MarginPLUS fresh order. The margins will be blocked based on the limit price of this Cover SLTP order depending on the maximum possible loss for your MarginPLUS position. Is it compulsory to choose a Cover "Profit Order" while placing a MarginPLUS order? Cover Profit order under MarginPLUS is an optional facility and can be placed only after the position is created from MarginPLUS open positions page.
This cover profit order facility is provided to help you book profits on your MarginPLUS position in favourable market conditions without you having to continuously monitor the markets.
You may choose to keep your MarginPLUS position with only SLTP as your cover order which is a mandatory cover order required while MarginPLUS order placement. Can I place a cover profit order after the Fresh and cover SLTP orders have been placed? Yes, you can place cover profit order only from MarginPLUS open positions page i.
You can place this by clicking on 'Place Profit Order' link in the action column of 'Cover Profit order' section. Can I place Cover Profit order in all MarginPLUS enabled scrips? Cover Profit order facility is provided only in select scrips enabled for MarginPLUS. I-Sec reserves the right to stock enablement for profit order facility under the MarginPLUS product and may, at its sole discretion, include or exclude any stock from the MarginPLUS profit order stock list without any prior intimation.
From where do I place the MarginPLUS orders? MarginPLUS order comprises of Fresh and Cover SLTP orders which can be simultaneously placed from the same order placement screen. Thereafter Cover Profit order s can be placed only from MarginPLUS Position page after the position is created. A separate hyperlink MarginPLUS order is available under the Equity trading section to place these orders. What is a Cover Stop Loss order?
A Cover Stop loss order allows you to place an order which gets triggered only when the market price of the relevant security reaches or crosses a trigger price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price SLTP is specified in a limit order, the order remains passive i. It is used as a tool to limit the loss on a position. Cover Stop Loss Buy Order 'A' short sells Reliance shares at in expectation that the price will fall.
Cover Stop Loss Sell Order 'A' buys Reliance at in expectation that the price will rise. However, in the event the price falls, 'A' would like to limit his losses. Important Please note that in a buy order, the SLTP should be a price lower than the buy price i. An SLTP cannot be placed for a price that has already been surpassed by the market when the SLTP is being placed. Similarly, in case of a stop loss sell order the SLTP should be greater than the sell price of fresh order i.
What is a Cover Profit Order? The cover Profit order limit price would be as follows: What are the details required to be given to place a fresh order? Following details should be provided to place a fresh order. Similarly if you choose to enter the Trading amount then the Quantity field will be auto populated once the SLTP is entered and Limit price is displayed for your cover order and fresh order Limit Price is entered in case of limit order.
How is Quantity calculated if the Trading Amount is entered? How is Trading Amount calculated if the Quantity is entered? You have a choice either to enter the Quantity or Trading Amount during MarginPLUS order placement.
You are required to enter the cover order's Stop Loss Trigger Price SLTP and limit price to use the "Quantity or Trading Amount calculation tool".
Quantity and Trading Amount will be calculated and displayed as follows when fresh order type is market order: Now, say you have entered your cover order SLTP at 99 and Limit Price at Thereby, margin to be blocked for 1 quantity is 3 The maximum Quantity that can be bought for this stock using the Trading Amount will be calculated as follows: You want to take a Buy position in Stock POWGRI for quantity and the weighted average price at that is And if, the entire available current limit is used there may be insufficient limits for the quantity entered B.
Quantity and Trading Amount will be calculated and displayed as follows when order type is Limit order: You want to take a Buy position in stock ITC with your Equity Current Limit of Rs and the Limit price enterd by you for Fresh orders is Rs Now say you have entered your Cover order SLTP at Rs and Limit price at Rs Thereby, margin to be blocked for 1 qty is 15 The maximum quantity that can be bought for this stock using the Trading Amount will be calculated as follows: You want to take quantity of Buy position in stock ITC and the Limit price you have entered for fresh order is Rs Are the fresh orders, cover SLTP and cover profit orders to be placed together?
Fresh and cover SLTP orders under MarginPLUS are to be placed together. The Cover profit order is an optional feature and you may choose to place the cover profit order only from MarginPLUS Position page after the position is created.
Should the quantity of fresh ,cover SLTP order and cover profit order be the same? Yes, the quantity needs to be the same. What are the details for a cover SLTP order?
The details for a cover SLTP order are as follows: The Stop Loss Trigger Price value is required to be entered by you which would be the trigger price and the order gets activated once the market price of the relevant security reaches or crosses this threshold price. The auto-calculated limit price would be uneditable during order placement. However, during modification of Cover SLTP Order 2nd Leg Order either from Order Book or MarginPLUS position page, limit price would be auto calculated and you can either modify the SLTP to arrive at Limit price or alternatively you can modify the limit price as per your preference.
What are the details for cover profit order? The details for a cover Profit order are as follows: Can I cancel the Fresh and Cover SLTP order? You can cancel both the orders simultaneously provided they both remain fully unexecuted. If any of the two orders gets execution then you shall not be allowed to cancel any of them. Can I cancel only Fresh order?
No, only fresh order cannot be cancelled. Can I cancel the cover SLTP order? No, cover SLTP order cannot be cancelled. Can I modify the fresh order? Yes, you can either modify Fresh order from Limit to Market or modify the Limit price of your fresh order from the order book. Please note that this modification will be available only if your fresh order is fully pending for execution or partially executed and cover order is fully pending for execution.
You can modify fresh limit order to a market order. If the Cover SLTP order gets rejected by Exchange, will I be able to re-enter the Cover SLTP Order? Yes, you would be able to place Cover SLTP Order from the Open Positions screen where a link named 'Order' will appear if the same is rejected by Exchange. The Client agrees that ICICI Securities would not be liable for losses, if any, incurred on such position if Client does not re-enter a Cover Order.
The link shall only appear when your fresh order is fully executed and cover is rejected. Can I modify the cover SLTP order? Yes, you can modify the price of your cover SLTP order subject to the Trigger price conditions being fulfilled. You can even modify the cover SLTP order to a Market order using the "Market Square off" link on the MarginPLUS Positions page or "Modify" link but a prerequisite is that you will have to first cancel the cover profit order, if any and then the modify to market request will be accepted for square off.
The above trigger condition is defined with a view to curtail losses. Can Cover SLTP Order be converted to a "Market Order"? As mentioned above you can either modify your cover order to market after cancelling the cover profit order, if any or use the "Market Square off" link available on the MarginPLUS Positions page to square off your position at market price.
How does the 'Market Square Off' link help? Market Square Off link is provided on MarginPLUS Positions page to assist customers to square off their position at market price. This link will enable customers with below two steps using a single screen: Cancellation of cover profit order and Modification of cover SLTP order to market If the customer has not placed cover profit order then this link will simply modify the cover SLTP order to market.
In the above two step case, what if I miss out proceeding with the second step and click any other trading link before completing the step 2? It is required that the two steps are completed to square off your MarginPLUS position at market else only cancellation of cover profit order will take place and market square off will not happen. However, you can once again choose the 'Market Square off' link and if your cancellation is done then it will directly take you to Step 2 i.
Can I Cancel the Cover Profit Order? Yes you can cancel the cover profit order anytime during the market hours. Can I modify the Cover Profit Order? Can Cover Profit Order be converted to a "Market Order"? As mentioned above, you can choose to cancel the profit order and modify the SLTP order to market in case you wish to execute your cover order at market price. What is the quantity that can be submitted for fresh orders?
The maximum quantity that can be submitted for fresh orders is generally maximum quantity allowed fot that particular stock. However I-Sec reserves the right to modify this permissible maximum quantity based on market conditions and risk factors.
If the quantity that you input is greater than the quantity available in the best 5 bids and offers then the order will not go through. Assuming that you want to place a buy order for sharesand the first 5 offer quantity available for the buy order are as under: Offer Price 98 Similar would be the case in Sell order, wherein if the total sell qty is greater that the first 5 Bid quantities available then it would be rejected.
What will be the price at which margin for an order will be calculated? For fresh market orders the price would be calculated as the weighted average price of the best 5 bids and offers available for calculating the margin requirement. If the following offers are available in the best 5 bids and offers and the client places a Buy order for quantity of ACC Best 5 bids Best 5 offers Qty. Price 5 11 5. For fresh limit order, system shall take the fresh order limit price instead of weighted average price of the best 5 bids and offers for calculation of margin requirement.
What is the margin that is charged on the fresh order? It is calculated as Fresh Market Order: Margin is blocked as per the above formula on order placement and adjusted further based on the actual execution price. Would the Margin be recalculated when the order gets executed? It may happen that execution happens at a different price than the one at which limits have been blocked.
Would the margin be recalculated at the time of modification? Yes, it is recalculated and excess amount if any will be released or additional margin needed will be blocked if you change the limit price of your fresh order or cover SLTP order.
If limits are insufficient then you will be unable to modify the order. Yes, I-Sec would define the difference minimum difference percentage for different stocks depending upon the volatility and market conditions of the scrip. What is the difference between limit price and SLTP price that can be specified for a Cover SLTP Order?
This percentage could be revised by I-Sec even during the day. Existing orders would be unaffected by the revision but however if the orders are modified the revised percentage would apply. However, during modification of Cover SLTP Order 2nd Leg Order either from Order Book or MarginPLUS position page, limit price would be auto calculated and you can modify the limit price as per your preference.
Since this is a sell cover SLTP order the limit price would be lower than the SLTP. Limit price in this case can be If any price between Will this gap not affect the investor adversely? No, in case of MarginPLUS product I-Sec would collect the difference between the trade price of the fresh order and limit price of the cover SLTP order which is the maximum loss amount.
There is no margin on this. However, it may so happen that when the order gets triggered and gets converted to limit price, the orders may get executed at the best available price which would be at better than the limit price and would minimize the loss. Hence it is the SLTP price that is important to be considered and not the gap between trade price of the fresh order and limit price of cover SLTP order.
Let us understand the concept in the below given example:. You have taken the buy position for shares in ACC at current price of You have specified the cover SLTP sell order with a SLTP price of 95 and a limit price of Hence the client is no way affected by the gap between the trade price of fresh order and limit price of the cover SLTP order.
How does the concept of MarginPLUS work? The above example can be analyzed as follows: Apart from a minimum margin on the fresh order value which is normally 0, the maximum loss amount would be blocked on the fresh order and cover SLTP order as difference between current market price of Fresh order and limit price of cover SLTP order.
The fresh order in this case is a market order which will get executed at the market price available at that point of time. The cover order would remain in the ordered state.