pledge - nxt.angelbroking.com
TRANSCRIPT
Pledge “New mechanism to avail funding”
What is “ Margin Pledge & MTF Pledge ”
Margin Pledge
Margin
Pledge
MTF Pledge
You have fully paid stock in your demat account but do not have enough margin to create new position. Don’t worry… You can increase margin by pledging your stocks. This is called Margin Pledge..
You have enough margin but do not have fund to carry your delivery position for longer period. Don’t worry.. We will fund your position and you can carry as long as you want. This is called MTF Pledge.
Lets understand Margin Pledge better…
Margin Pledge
You have fully paid stock in your demat account but do not have enough margin to create new position. Don’t worry… You can increase margin by pledging your stocks. This is called Margin Pledge..
How to use Margin Pledge Facility from Angel Mobile Application
Margin
Pledge
Click On
Funds
Click On
Margin
Against
Holdings
How to use Margin Pledge Facility from Angel Mobile Application
Margin
Pledge
Click on
increase
Margin.
Select stock &
quantity.
Click OK
Click on create
margin
Communication to clients on submitting request
Margin
Pledge
SMS from
Angel
Broking
SMS
from CDSL
Upon submitting request customer will receive SMS & Mail to authenticate.
How to complete transaction on CDSL link
Margin
Pledge
Enter
PAN
Number
Click
Submit
Select Stock
& Generate
OTP
Enter
OTP &
Submit
After clicking on CDSL Link you will be redirected to
CDSL Website to OTP authenticate your pledge
request.
Communication to client on completing pledge process
Margin
Pledge
Transaction
completion
Mail from
CDSL
Margin
increased
mail from
Angel.
Pledge Transaction Status On mobile application
Margin
Pledge
Click on card
to know
detail of
transaction.
How to initiate Margin Pledge from NXT
Margin
Pledge
Click on Pledge
creation
Login NXT > Enter Client Code > Click on
Pledge creation
How to initiate margin pledge from NXT
Margin
Pledge
Select stock and enter quantity & Click
on submit.
Select stock
and quantity
and submit.
Communication to clients on submitting request
Margin
Pledge
SMS from
Angel
Broking
SMS
from CDSL
Upon submitting request customer will receive SMS & Mail to authenticate.
How to complete transaction on CDSL link
Margin
Pledge
Enter
PAN
Number
Click
Submit
Select Stock
& Generate
OTP
Enter
OTP &
Submit
After clicking on CDSL Link you will be redirected to
CDSL Website to OTP authenticate your pledge
request.
Communication to client on completing pledge process
Margin
Pledge
Transaction
completion
Mail from
CDSL
Margin
increased
mail from
Angel.
Lets understand MTF pledge better..
Margin
Pledge
MTF Pledge
You have enough margin but do not have fund to carry your delivery position for longer period. Don’t worry.. We will fund your position and you can carry as long as you want. This is called MTF Pledge.
How to avail MTF pledge Facility
Margin
Pledge
You have bough the stock and wish to avail MTF Pledge facility to fund your delivery position for longer period more than 7 days.
We will send you SMS and Mail to avail MTF facility.
Dear Bhupesh,
We have uploaded your Margin Trading Facility (MTF)
Pledge Request for Trade Date: 12/08/2020. Please use
below link for authenticating your transaction at CDSL to
avail MTF facility.
Link: https://www.cdslindia.com/MarginPledge/OTP.aspx
Ema
il
SMS ( T +1
)
After clicking on link client will be redirected to CDSL website Link will be available till 11 AM on T+2 days
How to use MTF pledge Facility
Margin
Pledge
Enter
PAN
Number
Click
Submit
Select Stock
& Generate
OTP
Enter
OTP &
Submit
MTF Pledge request accepted
Margin
Pledge
Check
your
stock
and
quantity.
How SBs can know which all clients are due for MTF pledge
Margin
Pledge
Go to Reports > Equity > Transaction report > Pledge / Un pledge
MIS > MTF All clients
Select date
range of last
2 days and
submit.
According to due date
contact clients and hand
hold them for MTF
pledge.
Status will be updated
once client enter OTP
on CDSL site.
All client pledge report
Margin
Pledge
Go to Reports > Equity > Transaction report > Pledge / Un pledge
MIS > Pledge status
Enter client
code and you
will get list of
script ,
quantity along
with type of
pledge.
Report to check margin pledge request status client wise
Margin
Pledge
Go to Reports > Equity > Transaction report > Pledge / Un pledge MIS >
Pledge & un pledge MIS
Enter client
code and you
will get list of
script ,
quantity along
with type of
pledge.
RMS Reports &
Pledge - Unpledge
Recent Changes as per SEBI circular
How client limit is calculated ?
RMS Reports at NXT
Pledge / Unpledge -Report View
MTF Pledge Process
Intraday Product
Penalty Structure
CONTENT
Impact on Upfront Margins If the client wants to take any fresh position, client should deposit minimum required exchange margin
before execution of the trade. This is called as Upfront Margins.
Buy any scrip in ‘DELIVERY’ product– Deposit 100 % margin before execution of the trade
Sell any scrip in ‘DELIVERY’ product – Deposit higher of 20% or Exchange defined Var+ Elm
In case of BTST (previous day Buy) – client should have upfront margins before execution of trade
In case selling from Margin pledge – there are two situations:
If client does not have any open position, No upfront margin is required
If client has utilised margin pledge amount in previous open position, client should either Add
funds or create Margin pledge or reduce the previous open position
In case selling of any other stocks – No upfront margin is required
No Change in case client wants to trade in Cash segment in ‘MARGIN’ or ‘INTRADAY’ Product
No Change in case client wants to trade in DERIVATIVES segment
Limit Calculation
Limit calculation - Example
Holding Total Value
Total
Value
(Rs.) Haircut
Value (Rs.)
Post
haircut
Value (Rs.) Remarks
DP (unpledged holding) 1,00,000 20,000 0 Holding limit in client DP is allowed only
after margin pledge is created
MTF Pledge (MTF funding) 50,000 15,000 35,000 Haircut as per MTF rule
DP (Margin Pledged) 50,000 10,000 40,000 Exchange Var+Elm
CUSA account 1,00,000 20,000 80,000
In case of holding in CUSA account
haircut is allowed as higher of 20% or
exchange Var+Elm
Unsettle buy (BTST) 25,000 10,000 15,000 Exchange Var+Elm
Total 1,70,000
Limit Calculation (Rs.)
FUND 30,000
HOLDING 1,70,000
Total 2,00,000
Funds Ledger - Rs. 30,000
Client - Wise limit at NXT • Path: NXT > Equity > Reports > Miscellneous > Client-wise Limit
• Purpose: To view the client available limit for today
• Updation : Once in a day ( in the morning)
Net available Limit : Available Limit - Limit Utilized
NRMS details
click here to check
detail report
NRMS details- Client Financial Details Margin Pledge Stock
MTF Pledge only
MTF Pledge +
CUSA
Online Risk Report
Party Code Holding Ledger Net Available MtM % Loss Option Premium Total margin Today Cash VaR
Z1234 0 -16942914.28 -
19497024.28 2554110 0 0 24184807.5 0
MTF / Margin Pledge Status
Un-Pledge Stock View
MTF (Future Pledge) All Clients
Impact of MTF (Future Pledge)
Day Date Ledger Explaination
T Day Monday 01-Sep-20 100000 Client bought 5 Lac stock,MTF Link will be send to client next day
T+1 Day Tuesday 02-Sep-20 -400000 Can validate link throughout the day
T+2 Day Wednesday 03-Sep-20 -400000 Need to validate link before 11 am
T+3 Day Thursday 04-Sep-20 -400000 Not validated then transaction will be shown under broking book
T+4 Day Friday 05-Sep-20 -400000 T+4 ageing debit : square off date 10-Sep-2020
T+5 Day Monday 08-Sep-20 -400000 T+5 ageing debit : square off date 10-Sep-2020
T+6 Day Tuesday 09-Sep-20 -400000 T+6 ageing debit : square off date 10-Sep-2020
T+7 Day Wednesday 10-Sep-20 -400000 T+7 ageing debit : Ageing debit square off will be done for -4,00,000/-
Intraday Product
Intraday Product
Intraday Position Square off Timings: • Positions created under Intraday Product would be subject to either client himself squaring off ( if done online ) OR dealer based
square off OR MTM Loss @ 80% of Total Deposit (Ledger + Holding after Haircut ) - Risk Square off OR Time Based Square off.
Intraday Product
Segment Square off time (time Based Square off)
Capital or Cash Segments of Equity market Between 3.15 p.m. and closure of the market
Derivatives segments of Equity market Between 3.20 p.m. and closure of the market
Commodity segments
1. Between 11.15 p.m. and market closure when the market closes at 11.30 p.m.
2. Between 11.40 p.m. and market closure when the market closes at 11.55 p.m.
Currency and Agro Commodities Between 4.45 p.m. and closure of the market
Intraday Product
Penalty Structure
FAQs
FAQ 1. How to do MTF pledge?
We send MTF pledge request link to client on T+1 day and T+2 day vide EMAIL / SMS / Notification which remains valid till 11:00 am
on T+2 day, once client authenticates, it will becomes MTF pledge.
2. What is difference in Margin pledge and MTF pledge?
Example:- If client do Margin pledge of shares from his / her DMAT account Rs. 30,000 and buys shares of ABC LTD worth 100,000. In
this case our system initiate the MTF pledge request link to client Email , SMS and Notification for authenticating the trades for funding
under MTF pledge of the above bought shares of ABC LTD of Rs. 1 lacs.
Once client authenticates these shares of ABC LTD worth Rs. 100,000, this will be called as MTF pledge and Shares worth of Rs. 30,000
which were originally created Margin pledge will remain under Margin pledge. Both shares will be visible in client DMAT account.
Description Margin pledge MTF Pledge
Previously called Collateral for trades (FNO Collateral and MTF Collateral) Shares funding under MTF
Benefits Client can carry shares for a week time Client can carry shares in holding for a longer period on the basis
of margin money only
How to execute
Margin pledge can be done by client from mobile
app (ABMA) as well SB can initiate from NXT on
behalf of the client
MTF pledge not possible to initiate by client / SB, instead it is
compulsory to client to authenticate the MTF pledge request link
send by Angel on client email / SMS / Notification on mobile
Eligible shares Fully paid shares in client DMAT are allowed for
margin pledge Shares bought by the client but not fully paid are allowed to
funded under MTF pledge
Validity Margin pledge can be done anytime as per client needs
MTF pledge is required to authenticate by the client within 11 am on T+2 days
What if client does not act on pledge Client will not able to enjoy the limit on securities
under his /her DMAT Client debit will be not funded under MTF and same will comes
into square off as per risk policy
Limit benefit Client can take exposure for other trades basis of
Margin pledge Client cannot take exposure for other trades on the basis of MTF
pledge
FAQ 3. If a client has X grp script then how much margin can he get on the stock?
X grp scrips are not approved for Margin pledge
4. How many days client can hold shares in MTF Pledge?
90 days
5. When can one sell stock bought through margin pledging?
There are no restrictions on sell of shares from Margin pledge, client can sell as per his / her own decision
6. How client can create MTF pledge request? Because sometimes Angel's MTF link not
received? MTF pledge is possible only if client authenticates the MTF pledge request link send by us.
7. Is it necessary to do margin pledge before buying?
In case client already have sufficient funds to take position / trade then margin pledge is not compulsory other wise he can increase
margin by creating Margin pledge for fresh buying.
FAQ 8. How can we enable the MTF facility? just by buying the stocks delivery by selecting “ Increase
Margin" option.. or is there any other process also? MTF pledge is not possible through INCREASE MARGIN in mobile app, MTF pledge can be done only if client authenticates to the
MTF pledge request link send by us.
9. For margin pledge how many days we keep delivery?
No limit for carrying stock under margin pledge.
10. If shares are pledged in MTF and What will happen in case client makes full payment after
some days?
In this situation paid up stock will be release to client DP and funding will be manually close and corresponding debit will be comes
into NSECM to recover the outstanding.
11. If I use Margin Pledge .. can I trade the existing shares ? Yes, client can trade on the basis of shares in Margin Pledge.
12. If I created Rs. 30,000 margin pledge using stocks and have to take 1 lac Rs. shares then Rs.
70,000 will be treated as MTF pledge right?
No, it will not be treated as MTF Pledge. It will be treated as MTF pledge only if client authenticates the MTF pledge request with
T+2 11 am. MTF pledge value will be Rs. 1 lac.
FAQ 13. Can I pledge Mutual Funds?
Yes, client can pledge mutual funds also as per exchange approved list
14. Clients MF holding not showing in Margin pledge?
Exchange approved MF are allowed for Margin pledge ,special case if you face any query, please talk to concern BM or Risk team
15. How units of mutual fund in physical mode can be pledged? Only DMAT MF is possible to create margin pledge.
16.Can client also pledge the stock buy in debit position?
Yes , client can create the Margin pledge by authenticating the Margin pledge request initiated by us for CUSA account holding ,this
request link consists of validity of 6:00 pm on same day.
17. How much Margin is increased by pledge shares? like percentage etc.?
Limit is allowed on Margin pledge as per total holding in Margin pledge minus applicable haircut as per exchange
18 How much margin get in margin pledge?
Client can get limit as per total holding value pledged minus applicable haircut on the scrip in holding
FAQ 19. How much would be the interest applied on MTF Pledge ? What's the grace period?
Interest is charged @ 18% p.a., there is no grace period.
20. If we withdraw pledge, then can we sell the shares immediately?
Yes both pledge and unpledged stock can be sell.
21.Till what time the margin received from pledge using Margin Pledge would remain, we know
MTF Pledge gives longer time for margin?
Margin pledge stock -there is not limit it can be remain under longer period also under Margin pledge.
22. Will the DP charge separate for selling from dmat along with the pledge fees, I think this is
double charging? Yes Pledge charges and DP charges are separate
23.What is the charges on Margin pledge and MTF pledge?
Pledge charges are applicable to both Margin pledge and MTF pledge and charges are Rs. 20+GST per ISIN
FAQ 24. Charges for margin funding is Rs. 20 for 1 transaction or for each stock.
Suppose client has 3 stocks for margin funding he will be charged Rs. 60 or Rs. 20 only? Pledge charges are Rs. 20 +GST per ISIN hence in this case it will be Rs. 60 +GST
25. If we have shares in MTF pledge but there is no debit can it be considered as Margin pledge ?
as it is free shares and fully paid shares. Can you transfer those shares in margin shares.
In this case these shares should get release into client DP and then create the Margin pledge
26. In case of margin shortage penalty, is it charged to client directly or the sub broker and can sub
broker passes on?
(1) Margin Shortage penalty on upfront margin shortage is charged to client directly on following scenarios:
Existing position carried by the client and previous day MTOM not cleared by the client on next day.
Client carried position on the basis of uncleared cheques and cheques got returned in later.
Hedge on existing position open due to any of the act by the client
Upfront margin requirement increased by the exchange on existing position during the day due to market volatility
(2) Margin Shortage penalty on MTOM and Other margin shortage is always charged to client directly.
(3) Margin shortage comes due to any act by SB then penalty will be debited to SB
(4) Scenarios not covered in any of the above , penalty is not debited to SB / Client
FAQ 27. How Penalty is charged? is Exchange levying it or angel is collecting it based on direction
issued by exchanges or SEBI. ? Please explain this also.
Margin shortage penalty is charged as per file received from exchange and Rules mentioned in above point no. 26
28.Tried many times OTP never comes...his mobile and email are active?
The OTP is delayed sometimes due to network related issue, in case of CDSL system also delay happens which lead to delay the
pledge process.
29. What is the difference between pledge and POA? Is it necessary to do both?
Margin pledge enables to take fresh position / trade , POA does not enable for limit for fresh position instead it facilitates the security
pay in automatic without EDIS.
30. Is there any charge for unpledge ? Yes, it is Rs. 20 + GST per ISIN
31. What is pool & collateral ?
In securities holding report in NXT, all stock which are unsettle, held for debit in CUSA account and MTF pledge are defined as Pool
and Margin pledge shares are defined as collateral.
FAQ 32. What is CUSA account? How it is used?
The Stock broker keeps client shares which debit is not cleared by the client in a separate account which is called
as client unpaid securities account (CUSA).
In case client clear dues on securities lying into CUSA account then it is released into client DMAT account
In case client authenticates the margin pledge request on CUSA account holding then shares released into
client DMAT account and it becomes the Margin pledge
In case client neither paid nor authenticates the Margin pledge for CUSA account then shares are sold by the
RMS as per risk policy
33. What is upfront margin? Minimum amount of deposit which is required before taking any fresh position / execution of trades is called as upfront margin.
34. Whether margin required for selling CUSA shares?
No margin is required to sell of shares from CUSA account.
35. Can margin requires at the time of selling fully paid stock from non poa dp?
No Margin will be required for selling of shares from client DMAT account (Unplege shares)
In case of shares are sell from DMAT account (Pledge shares) - If client does not utilized the margin pledge benefit in open
position then no margin is required otherwise client should either add funds or creates margin pledge or reduce the open
position.
FAQ 36. IPO allotment shares want to sell in Delivery product, will it require upfront margin to
sell? No upfront margin is required to sell IPO allotted shares from DMAT account.
37. SEBI has said that we to maintain margin for selling shares also. Is this true? Yes, Margins are applicable for sell and buy both side in exchange at order entry level. However in case client keeps holding in his
DMAT account or shares are under MTF pledge or under CUSA account , we deliver these shares to exchange on same day hence
in this case margins are removed by the exchange at the end of the day.
38. If T+2 security pay-in is done whether additional margin and mtom is exempted? Yes same will be exempted automatically.
39.How to sell out side DP holding? Client can sell out side DP holding stock basis of upfront margins in account with us and order should be placed into Margin product.
40. If shares already pledged by customer - and he directly sell the shares without unpledged then
is this possible? automatic unpledged possible ?
Yes automatic unpledged will be done towards sell of holding by the client.
FAQ 41.What if client purchased shares today and sell it tomorrow? any additional margin required or
he can pledge shares same day?
This sell of shares which was bought on previous day will be required upfront margins for sell, it cannot creates margin pledge on
these shares, Margin pledge can be done only after securities received from the exchange.
42. What will happen if client sell the MTF Pledge stocks under product type - margin ? instead of
Product Type – Delivery?
It will consume the client limit for sell trade which otherwise would have got executed without any margin.
43. Client holding shares was sell shares to book profit but he does not got margin. please advise. Intraday profit of cash segment is allowed for limit on T+2 and derivatives segment it is allowed on T+1
44. One can also get limits in b group stocks ?
Holding Limit is allowed on the basis of Blue chip , Good and Average category defined by Angel.
45. Client is trading only in Future segment. Earlier he was taking Carryforward option only
(intraday not activated) ,SB was able to give him limit through Limit enhancer if he wants to carry
even if 10,000 or 20,000 shortage in his account and gives cheque for shortage later.
LE facility is now not possible as penalty on margin shortage due to additional limit by us cannot be debit to client
FAQ .46. How to know what is clear balance of client because ledger balance shows all balance even
unsettled balance also how to know what is the clear ledger balance?
Following sums are called as Unclear & unsettle into ledger:-
(1) Sell bill credits where holding is not received from client towards sell obligation.
(2) Credit of cheques whose clearing not given by bank into our account.
(3) Previous day cash segment profit which is to be received from the exchange by T+2 day
47. Other than holding - how do we check the limit available against each scrip? Is there a scrip
wise or category wise list available for the above?
We allow limit on Blue-chip , Good and Average category of scrips as defined by Angel and limit is allowed as per total holding
value minus applicable haircut on the scrip.
In case of mutual funds , limit is allowed on exchange approved mutual funds post deduction of exchange haircut.
48. Can limit allowed in cash market after mutual fund pledging done?
Yes we allowing limit on the basis of MF as collateral.
49. Can Premium credit be used to open Future Contract?
Premium credit can be used only on premium buy of the same segment on same day , for any other position / trade it is allowed on
T+1
FAQ 50. If we buy shares after three days only we have to sell, why?
If client buy on Monday and wants to sell on Tuesday, then client can sell this holding by depositing the minimum margins which
is 20% or exchange defined Var+ Elm which is highest.,
If client wants this stock to sell on Wednesday which was bought on Monday , then no any margin will be required to sell the
shares.
51. If a client has margin pledged his stocks.. and has not taken any fresh positions in this case
can the client sell his pledged stock without un pledging or he has to un pledge and sell his
delivery? Client can sell for which unpledged is not required by the client , it is done by system automatically
52. What if client have Rs.1lakh worth of Reliance which is used as the margin pledge & traded in
other scrip for intraday & booked MtM Loss of 20k & now his a/c is 20k debit ,so now next day if he
wants to sell his all reliance shares then can he sell without clearing his debit or is there any
upfront margin needs to deposit.
Yes shares to the extent of loss amount debit in client ledger will be require the upfront margins, rest of the shares can be sold for
which upfront margins will be not required.
53. Is POA mandatory now?
POA can still be used to do the ealry pay in of sell transaction.
FAQ 54. Does the facility of EDIS is available?
Yes, E-DIS is available.
55. How margin increases in options in last four days of expiry...? please explain in detail and
penalty structure also on this.
Suppose ABC ltd carry exchange VAR+ELM as 20% then:-
Friday delivery margin will be 4%, Monday 8% , Tuesday 12%, Wednesday 18% and Thursday 20%
Penalty due to margin shortage of delivery margins is debited to client
56. what is difference between intraday, margin and delivery product?
Intraday - Position are allowed for a day and square off take place 15 minutes prior to market close.
Margin - Client can trade basis of Scrip Margin charged in the product.
Delivery - Client can buy delivery as per 100% margin and sell his holding.
57. What is called haircut & Var Margins? Please explain.
The Margin amount which is defined by the exchange for margin of safety on a scrip to mitigate the possible market risk. When it is
applied at order entry to buy / sell a scrip then it is called as Var Margins and when we deduct the same amount of margin safety
while allowing exposure on the basis of same holding then it is called as Haircut.
FAQ 58. What is shortfall...wanted to know avoid penalty?
Margin Shortfall If Total clients funds is less than Total Margin required on client open position, the excess of Total
margin required over total client funds is called as shortfall.
59. One of my client do only F&O only and most of the time he do hedging only. while doing
hedging he is facing margin problem. How can he get margin for Hedging please advise. Hedge benefits is allowed by exchange post execution of trades only while at the time of order entry it requires the additional margin
for the execution of the trade. We recommend that client should first creates the hedge in ordered manner instead of first open the
single sided position and try to hedge the entire position.
60. How penalty will be calculated for F&O / Cash segment?
61. What if I want to sell Margin Pledged stock ? Margin required or not ? If required, how to
calculate ?
In case selling from Margin pledge – there are two situations:
If client does not have any open position, No upfront margin is required
If client has utilised margin pledge amount in previous open position, client should either Add funds or create Margin
pledge or reduce the previous open position
Upfront Margin will 20% of Exchange defined Var+Elm (whichever is higher)
62. How can I sell MTF pledged stocks ? Under margin or under delivery ?
MTF stock should be sold only under DELIVERY
63. What is MTF square off ? If client does not maintain minimum margin required as per MTF Var. for continuous 5 days, then it leads to MTF Square Off
If client does not authenticate MTF pledge request, then the stocks will move to CUSA account and will get squared-off on T+7
day.
64. Why does client comes under MTF Aging square even if he has stock under Margin pledge
and MTF pledge?
If client does not authenticate MTF pledge request, then the stocks will move to CUSA account and will get squared-off
If client does not clear the MtM.
FAQ
65. If client do MTF pledge then whether Penalty and Interest both will be levied?
In case selling from Margin pledge – there are two situations:
Interest is charged on Ledger debit
Penalty is charged on margin shortage
66. For MTF funding who will send the sms. If company is sending then will the sms go to all
the clients who are in Debit ?
MTF pledge request link is send by Angel which should be authenticate by client. within T+2 timelines
67. Client bought stock on Monday, after payout on Wednesday, on Thursday stocks are not
available for margin pledge. Why it's available only on Friday?
For Stock bought on Monday payout recieved from exchange on Wednesday , If we transfer stock on Wednesday then there are
chances that client may not pledge it same day and would not avail margin benefit in this scenario which may result into shortfall
penalty.
so we release the stock on Thursday EOD which can be pledged on Friday and till time client can avial limit against this stock
lying under CUSA account.
68. When client shifted to SB terminal in case of Branch shifting ?
Every Saturday, this is weekly process due to server level limitations.
FAQ
69. How to check client shortfall on current market?
SB can check from NXT > Reports > Equity-Risk LD (Online)
client can check the margin utilized against available fund at ABMA PATH-Trade > Limits
70. If client has not intiated still getting link for authenticate for margin why? If client is MTF active and ledger is in debit then will get link for MTF pledge whenever he buy stock, client can ignore the same
if not willing to avail funding facility
71. if I buy any share today, do I need to create margin pledge & MTF pledge both??
You need to create MTF pledge for MTF approved stock and for rest you can raise Margin pledge
72. If a client have 1000 qty of a particular stock and pledged 500 out of 1000. and against the
margin pledged .same time if client sell 50 qty of that particular script.then from where thi stock
will be debited dp or from margin.?
First free stock will get adjusted against sell obligation
FAQ
73. How do we calculate the amount given by Angel under MTF Pledge??
MTF pledge is done on the entire purchase done by client and authenticated the MTF pledge request link within 11:00am on t+2
74. Where to see my amount for trading we have see collateral or deposit or fund available ?
You can check client details at NXT > One client view > Client financial detail report
75. Where to see my total profit amount of which he gain by buying and selling ? You can check the same from NXT > Reports > Transaction report > PnL report
76. How much limit available in intraday, margin & delivery product? a) Intraday Product - Position are allowed for a day and square off take place 15 minutes prior to market close
b) Margin Product - Client can trade basis of Scrip Margin charged in the product.
c) Delivery Product - Client can buy delivery as per 100% margin and sell his holding
77. Where can I see available limit of client? You can see the same at NXT > Reports > Miscellaneous > Client-wise report.
78. Pledge/Unpledge charges for Normal DP and BSDA.
Pledge Charges excluding GST of 18% for Normal DP account is Rs 20 per Transaction and for BSDA account is Rs 50 per
Transaction.
FAQ
79. Pledge/Unpledge charges depend on which sequence? (PSN wise explanation) Pledge and Unpledge Charges are levied on the basis of Pledge Sequence Number (PSN), Partial Pledge/unpledge
Transaction.
80. How to change BSDA to NON BSDA? If a Client wants to change from a BSDA account to a NON BSDA account , client can do it by submitting a
Modification letter to the KYC team or can mail to the KYC team from his registered email Id requesting change in account
type. Presentation and FAQ are available in training documents in NXT.
