Becoming a Customer

We offer a variety of products, each tailored to your investment needs.

How do I register my request for opening an account with Standard Chartered Securities (India) Limited?
You may register your request through any of the following channels:
  • Register online on website: www.standardcharteredtrade.co.in
  • Visit the nearest Standard Chartered Securities (India) Limited Branch
  • Send us an email at account@standardcharteredsecurities.com, mentioning your contact Number, city of residence and preferred time of contact
  • SMS "ACCOUNT" to 57575 to open an account
  • Call us at our Customer Care numbers at 1800-209-2550
Who is eligible to open a Standard Chartered Securities (India) Limited Account?

All Resident Indians and Non-Resident Indians (NRIs) residing in jurisdictions permitting investment in and trading of Indian securities on Indian stock exchanges are eligible to open a Standard Chartered Securities (India) Limited offline/online trading account.

I have registered my request, what happens next?
Our sales representative will contact you for fulfilling the account opening formalities. Once you submit the complete account opening form to our representative, your application will be processed.

You will be informed about the status of the form by our sales representative. Once the form has been inwarded you will get a sms stating the account opening form number.

How do I know when my account has been opened?
After your account has been opened, we shall dispatch "Welcome Kit" followed by Internet Password to your communication address. Should you need guidance in using the website, please feel free to call our customer care numbers
What the unique benefits of 3 in 1 Account?
  • 3 in 1 Facility provides seamless integration of bank, demat and trading accounts. During trade, shares/funds will be automatically credited/debited to/from your demat/bank account making settlement simpler and free of paperwork
  • You can place orders online through Standard Chartered Securities (India) Limited website or through the Call n Trade facility
  • You may trade/invest in a variety of products through the Standard Chartered Securities (India) Limited portal including
  • Equity - Delivery & Intraday product
  • Derivatives - Futures and Options
  • Third party products - Mutual Funds, IPOs and GOI bonds
  • Standard Chartered Securities (India) Limited portal offers single login facility exclusively for 3 in 1 account holders.
Who can open 3 in 1 Accounts
Following types of Resident Indian customers are currently allowed to opt for 3 in 1 facility
  • Adult Individual
  • Hindu Undivided Family (HUF)
  • Partnership Firms
  • Companies
  • Trusts
  • Minors cannot open 3 in 1 Accounts.

What are the documents required to open 3 in 1 Account?
3 in 1 Account Opening docket along with supporting documents has to completed and submitted to Standard Chartered Group executives. Standard Chartered Group staff will assist you in completing the necessary account opening forms and documentation.

Existing Customers

We offer a variety of products, each tailored to your investment needs.

If I already have a Demat account with Standard Chartered Securities (India) Limited, can I use these accounts for online investing?
Yes, you just need to mention the existing Demat account details in account opening form and we shall link up your existing demat account with online trading account. Please note only one demat account can presently be linked to your trading account.
What type of Bank Account can I link with my online trading account?
To opt for the "3 in 1 Account", you may link your existing resident savings/current account maintained with Standard Chartered Bank or open a new Standard Chartered Bank account.

Alternatively, you can use your normal savings account maintained with any of the following preferred other banking partners to fund your trading account. Axis Bank / Citibank / Corporation Bank / HDFC Bank / ICICI Bank / IDBI Bank. However please note single login facility is applicable only where Standard Chartered Bank accounts are linked.

Please note only one bank account can presently be linked to your trading account.
Can I link multiple bank accounts to my trading account?
Our sales representative will contact you for fulfilling the account opening formalities. Once you submit the complete account opening form to our representative, your application will be processed.

You will be informed about the status of the form by our sales representative. Once the form has been inwarded you will get a sms stating the account opening form number.

How do I know when my account has been opened?
No, presently only one bank account can be linked to a trading account.
Do I require Net Banking facility to transfer funds for online trading?
3 in 1 Facility where Standard Chartered Bank account is linked permits one time authentication when you log in to Standard Chartered Securities (India) Limited trading portal. Therefore you will not be required to use net banking to view balances in or transfer funds out of the linked bank account.

In case you have linked bank accounts maintained with any other preferred partner to your online trading account, you would require Net Banking facility for transferring funds Online from your savings account to trading account. If you do not have a Net Banking facility, you need to apply for the same at your local bank branch

New Trading Customer

We offer a variety of products, each tailored to your investment needs.

How do I get to know my client id and password after account opening?
After your account has been opened, we shall dispatch "Welcome Kit" followed by Internet Password to your communication address. Should you need guidance in using the website, please feel free to call our customer care numbers.

Please change your password when you log in for the first time.
How do I change my password?
Your password will expire automatically after 14 calendar days. You will be prompted to change password on login after 14 calendar days.
I have forgotten my password, what do I do?
If you have forgotten your password, you may send us an email from your registered email id or call us at our customer care numbers. After adequate authentication, we shall reset your password, and dispatch the new password to you in a sealed envelope
On Account activation, how do I put my first trade?
Should you need guidance in using the website, please refer the demo booklet sent along with the welcome kit or visit any of our branches.

I want to buy some shares. I do not have any money in my Trading Account. What do I do? If you have linked your bank account maintained with Standard Chartered Bank, please transfer funds with help of modify allocation link in your trading page. You may transfer money from Bank account to trading account instantaneously.

If you have linked your bank account maintained with other preferred banks, please transfer funds from your savings bank account to trading account using the Net Banking facility. (Refer Funds Transfer and withdrawal FAQ).

Alternatively, you can sell some shares from your Demat Account and use the virtual credit for purchase of shares you want to buy. The amount of money required before placing a delivery order or a margin order in Equity segment would depend on the value of the order.
Can I deposit a cheque for trading online on standardcharteredtrade.co.in?
You are required to deposit the cheques in your linked bank account and transfer fund using electronic channel. The 3-in-1 product does not allow depositing of cheques for direct credit in your trading account.
Can I withdraw the amount transferred for trading?
If you have linked your bank account maintained with Standard Chartered Bank, you may withdraw free cash balance available in trading account instantaneously at all times except during cooling period when end of day reconciliation is conducted. (Refer funds transfer and withdrawal FAQ).

If you have linked your bank account maintained with other preferred banks, you can register a request for withdrawal of funds less than or equal to free cash balance available in your trading account. Your withdrawal request will be processed within 24 working hours

Fund Transfer and Withdrawal

We offer a variety of products, each tailored to your investment needs.

I am an online customer. I have linked my bank account maintained with Standard Chartered Bank to trading account. How do I transfer money from my bank account to trading account?
If you have linked your bank account maintained with Standard Chartered Bank, please click on Fund Transfer link in your trading page. You will be able to view Total Available balance in your linked bank account. You may transfer money from Bank account to trading account instantaneously at all times except during cooling period when end of day reconciliation is conducted..

Please note the minimum amount you can transfer from Standard Chartered Bank account to trading account is Rs. 100.
I am an online customer. I have linked my bank account maintained with other preferred banks to trading account. How do I transfer money from my bank account to trading account?
If you have linked your bank account maintained with other preferred banks, you may transfer funds from your savings bank account to trading account using the Net Banking facility. The fund transfer process is mentioned below:
  1. Login to your Account under Easy Trade on your web site
  2. Please click on "Transfer Funds", option, to transfer funds from your linked bank account only
  3. Select "Funds Transfer" tab
  4. Select the Bank Account and enter the amount to be transferred and click on "Proceed". Please note the amount entered should be greater than or equal to Rs. 500
  5. A Confirmation page will appear. Please confirm your transaction and click on Submit.
  6. You will be directed to the bank's net banking portal, which you need to access by keying in your net banking user id and password. Please complete the process.
  7. On successful transfer, you will view a success message. Please make a note of the reference number generated.
  8. Please remember to click on the last link of "Click on this link to complete the procedure". This step is required for message transfer from your bank to trading account.
  9. Your "Buying Power" would be increased by the amount of funds transferred from bank account.
  10. You may transfer funds from Bank Account to Trading Account instantaneously. This feature is available at all hours of the day except during "cooling period" when end of reconciliation is conducted
I am an online customer. I have linked my bank account maintained with Standard Chartered Bank to trading account. How do I withdraw funds from trading account (i.e. transfer money from my trading account to bank account)?
Our sales representative will contact you for fulfilling the account opening formalities. Once you submit the complete account opening form to our representative, your application will be processed.

You will be informed about the status of the form by our sales representative. Once the form has been inwarded you will get a sms stating the account opening form number.

How do I know when my account has been opened?
No, presently only one bank account can be linked to a trading account.
Do I require Net Banking facility to transfer funds for online trading?
Please note that sale proceeds are not directly transferred to your Bank account after pay-out. The funds would be credited to your linked bank account only when you request for funds withdrawal.

If you have linked your bank account maintained with Standard Chartered Bank, please click on Transfer funds link in your trading page. You will be able to view the funds eligible for withdrawal in your trading account. Please select withdraw option from drop down menu and submit the amount for withdrawal. The funds would be transferred from trading account to your bank account instantaneously. Please note this facility will not be available during cooling period when end of day reconciliation is conducted.

You may withdraw any amount equal or less than the eligible withdrawal balance. The minimum amount you can withdraw (i.e. transfer from trading account to bank account) is Re. 1.
I am an online customer. I have linked my bank account maintained with other preferred banks to trading account. How do I withdraw funds from trading account (i.e. transfer money from my trading account to bank account)?
Please note that sale proceeds are not directly transferred to your Bank account after pay-out. The funds will be credited to your linked Bank account only when you request for funds withdrawal.

If you have linked your bank account maintained with other preferred banks, you can register a request for withdrawal of funds less than or equal to free cash balance available in your trading account. Your withdrawal request will be processed within 24 working hours.

The fund withdrawal process is mentioned below:

  1. Please click on "Fund Transfer"
  2. Select "Fund Withdrawal" tab and select the segment from the drop down.
  3. Enter the amount you wish to transfer to your bank account. Please note the amount entered should be greater than or equal to Rs. 1000
  4. Your request will be noted and processed at end of day.
  5. Please note the fund requested for withdrawal or net free balance available in trading account at end of day after adjustment of all dues payable, whichever is lower will be considered for withdrawal by next working day.
  6. Your "Buying Power" will be decreased by the amount of funds transferred to bank account.
  7. Please note the transfer facility will be available only during select hours of the day which will be displayed on the website

Place an Order

We offer a variety of products, each tailored to your investment needs.

Equity

On which exchanges will I be able to buy and sell shares?
You can place online equity orders in BSE and NSE.

You can place online derivative orders in NSE only.
Can I place both market and limit orders?
Yes, you can place both market and limit orders. Please choose the appropriate option on the "Place Order" screen.
Is there any restriction on Order Value?
Yes, Minimum Order Value shall be Rs.1000/-.
How do I check status of all orders placed by me?
Status of all orders is updated on real-time basis in the "Order Book". As soon as you place your order, system validates and sends it to the exchange for execution.
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 'Modify' hyperlink against the order, which you wish to modify. However, you cannot modify your order while it is "In Process", i.e., confirmation is awaited from the exchange for the acceptance of the placement of any order or any modification/cancellation request. In case the order is has been partly executed, only the unexecuted portion of the order can be modified.
Can I cancel my order after it has been placed?
Yes, you can cancel an order any time before execution. You can do this by accessing the Order Book page and clicking on the 'Cancel' hyperlink against the order, which you wish to cancel. In case the order has been partly executed, only the unexecuted portion of the order can be cancelled.
Can I place orders after the trading hours? What happens to such orders?
Yes, you can place only LIMIT orders after trading hours. Orders placed after trading hours are stored in the system and are sent to the exchange on the next trading day. In the Order Book, the status of such orders will be shown as 'In Process'.
Do I need to transfer money before buying shares?
Yes, you need to transfer money from your Bank account to trading account before placing any order. Alternatively, if you have sold some shares in your linked demat account; a virtual credit will be given to facilitate purchase of shares.

Yes you can place orders in the margin segment for Intraday trading wherein you take positions in stocks with compulsory square up of the position on the same day. In this segment, product margin will be charged instead of the full consideration. The same is available for select group of stocks listed on NSE & BSE.

How will I be informed of the execution of my order? Status of every order is updated on real-time basis in the "Order Book". On execution, the status changes to 'Executed' or 'Part Executed' which may be clicked to view details of order execution.

Executed orders reflect in the "Trade Book". On clicking the link of Order Ref. No., you will be able to see details of the trade execution.

Additionally, digital contract note shall be uploaded at the end of day and may be viewed through "My Account" section. Electronic contract notes are also sent to your designated email id recorded with us.
What is a Disclose Quantity (DQ) order?
An order with a Disclosed Quantity (DQ) condition/attribute allows the customer to disclose only a part of the order quantity to the market. For example, an order of 1000 with a disclosed quantity condition of 200 will mean that 200 is displayed to the market at a time. After this is traded, another 200 is automatically released and so on until the full order is executed. DQ (Disclosed Quantity) should not be less that 10% of the Order Quantity and at the same time should not be greater than or equal to the Order Quantity.

Please note "Disclosed Quantity" field is available on "Place Order" screen.
What is a Stop Loss order?
A Stop loss order allows you 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 conditional on the market price of the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) until the condition is satisfied. Once the last traded price of the stock reaches or surpasses the SLTP, the order gets activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and behaves like a normal limit order. It may be used as a tool to limit the maximum loss on a position.

Please note "Stop Loss Order" field is available on "Place Order" screen.
Can I get limit against shares held in my demat account?
Yes, you can get limits against your collateral. Also, if you have sold some shares in your linked demat account; a virtual credit will be given to facilitate purchase of shares.
If I have sold some shares, can I use the virtual credit to buy other shares?
For all delivery sale transactions, you are given a virtual credit which can be used for further purchases in the delivery segment.
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 by the day following Pay-Out of securities (i.e. T+3). It is also possible that the shares may not have come from the exchange because of short delivery by the counter party (selling broker). In such a 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 even in an auction, and the consideration is credited to your trading account as soon as it is received from the exchange.
How to sell stocks from demat account?
For all delivery sale transactions, you are given a virtual credit which can be used for further purchases in the delivery segment.
If I have sold some shares, can I use the virtual credit to buy other shares?
Please click on "Demat Sell" link to view the details of shares available in your linked demat account. You may select the scrip and exchange for sell. You will be redirected to "Place Order" page, wherein you may select the price and click on submit.
Can I trade in margin?
Yes, you can place orders in Margin Segment (Intra-day Trading). You can place orders for order value up to "X" times your available funds. The "X" depends on internal risk policies. The same is available for select group of stocks listed on NSE & BSE.
How do I place an Intra-day buy/sell order?
In the place order page, you need to opt for "Intra-day" in "Product" drop down box. All other order parameters remain the same. You may also refer to guide on right hand table on the page.
How much margin would be blocked on placing the Intra-day order?
Initially, margin is blocked at 25% of the order value. For market orders, Intra-day margin is calculated by considering the order price as the last traded price of the stock. On execution of the order, the margin is adjusted as per the actual execution price of the market order. This margin amount is subject to change from to time without prior information.
Is the Intra-day % uniform for all stocks?
Currently we are blocking uniform margin % for all scrip in intra day segment. We may charge scrip wise differential margin in future.
Is margin blocked on all Intra-day orders?
No, margin is blocked only on those Intra-day orders, which lead to fresh open positions. Intra-day orders, which are placed to square up existing open buy/sell position (called 'cover order',) shall not attract any margin.

Please note that cover order is recognized only against the executed open position and not against pending order.
How do I see my open positions in Intra-day segment?
The open position screen displays status of all your current open positions, inclusive of profit & loss (both in value as well as percentile basis) based on last traded price (LTP). You may close any open position by clicking on "Square off".
How do I place a square off order in Intra-day to cover my open positions?
You can place the square off order either through the normal buy/sell page or through a "Square off" hyper link on the "Net Position" page.
How do I convert my Intra-day position into delivery (cash segment)?
You can click on "Convert" hyper link in the "Net Position" table to convert the desired quantity to delivery, provided you have adequate funds/stock to convert the buy/sell position respectively.
Can I convert my pending Intra-day order into an order for Delivery segment?
No. Only the executed Intra-day position can be converted to delivery and not the pending orders in Intra-day. In such case, you can cancel your Intra-day order and place a fresh order in delivery.
What brokerage would be charged for Intra-day positions converted to delivery?
These positions would be charged brokerage applicable for delivery segment.
When do you release the margins blocked on Intra-day positions?
When the Intra-day position is closed out (either by squaring off or converting to delivery), the proportionate margin blocked on the position so squared off is released back and added to the Buying Power.

How does 'conversion to delivery' impact Buying Power? On converting a 'Buy' position to delivery, additional amount is blocked from your Buying Power to provide for 100% of the trade value of the converted quantity.

On converting a 'Sell' position to delivery, the converted quantity is blocked from your Demat account. The Buying Power increases on account of release of the margin blocked earlier on the 'Sell' position and further on account of 100% of the sale proceeds of the converted quantity.
Is it compulsory to square off the position within the settlement?
Yes. It is compulsory to square off all your open positions (net of quantity which has been converted to delivery) within the settlement.
What happens if I do not square off my position before the stipulated time limit?
In such a case, our risk monitoring system shall have the option to place a square off order to close out your open position.
What happens if for some reason an Intra-day position remains open at the end of settlement?
Our risk monitoring system would square off the position but the onus lies on you to close out all open positions. If for some reason, the position remains open at the end of settlement, you will have to make all necessary arrangements for funds/securities for the settlement of the position and shall be fully accountable for the consequences (auction/penalty/interest) of the same.

Derivatives

We offer a variety of products, each tailored to your investment needs.

How do I trade in Derivatives online?
You can trade in derivatives online through "Place Order" screen in Derivative Section.
Is there any restriction on Order Value?
Yes, Minimum Order Value shall be Rs.1000/-.
What is Futures Trading?
In futures trading, you take buy/sell positions in index or stock(s) contracts expiring in different months. If, during the course of the contract life, the price moves in your favour (rises in case you have a buy position or falls in case you have a sell position), you make a profit. In case the price movement is adverse, you incur a loss.

To take the buy/sell position on index/stock futures, you have to place certain % of order value as margin.
How much margin would be blocked on placing the futures order?
You can check the same after clicking on "Margin%" link.
Can margin be changed during the life of contract?
Yes, margin % changes during the life of contract depending on the volatility in the market. It may so happen that you have taken your position and 20% margin has been blocked for the same. But later on due to the increased volatility in the prices, the margin % is increased to 25%. In that scenario, extra margin would be blocked for all open positions. In absence of the required additional margin, your position may be squared off. It is advisable to keep free buying power available to safeguard against such events.
How do I see list of all derivative orders placed during the day?
Yes, you can view all orders in "Order Book" in the Derivatives section.
How to Check the Open Positions?
You can view all your open positions on the "Net Position" Link in derivatives page.
I have an open position in Futures. My buying power shows Mark to Market (MTM) loss. Can you explain?
Mark to Market (M2M) is computed for open positions by comparing the average cost price of the position with current market price. The same is calculated on the basis of the Last Traded Price of the futures. Any Losses arising out of adverse price movement in your open position is accounted from your free buying power. All open positions in futures are subjected to real time MTM. Intraday MTM profit/loss impacts buying power.
What is EOD MTM?
EOD Mark to Market (M2M) is calculated on Daily Basis for Open Positions in Futures Contract. The same is calculated on the basis of the closing price of the contract.

If the Position is in profit at the End of the Day, the M2M amount would be credited in the Buying Power. If the Position is in Loss at the End of the Day, the M2M amount would be debited from the Buying Power.
What happens if buying power is not sufficient to adjust the MTM losses and available margin goes below minimum margin requirements?
Buying power will show a negative balance and a message will be posted in the "My Inbox" section informing you of additional margin requirements. Our risk monitoring system/team may, at its discretion place a square off order at market rate to close the open position. However, it is clarified that if, for any reason, the risk monitoring system/team does not square off the open position even in a situation where the buying power is not sufficient to meet additional margin requirements, it is ultimately the customer's responsibility to square off the open position on his own to limit his losses. Once a position has been created by the customer, he/she is solely responsible for the profits or losses emanating from such position. Standard Chartered Securities (India) Limited. is under no obligation to compulsorily square off any open position and in no circumstances, can be held responsible for not squaring off open positions or for resulting losses there from.
What is meant by calendar spread?
Calendar spread means risk off-setting positions in contracts expiring on different dates in the same underlying. For example, you take buy position for a lot of 200 in Infosys Technologies expiring on 27th November 2008 @ Rs.1315 and sell position for a lot of 200 in Infosys Technologies expiring on 25th December 2008 @ Rs.1312.50. These buy and sell position forms a spread against each other and hence called spread position. This spread position would be levied a lower margin % as against a single buy or sell position.
In which month contract can I avail of the spread position benefit?
Spread position can be created between near, middle and far month contract.
How is the margin calculation done in case of calendar spread?
As a spread position is a risk offsetting position, creation of the same would attract a lower margin required as compared to the margin charged on a non-spread position.
What happens on expiry or square off of any one of the contracts forming the spread position?
In case one position is squared off, the spread benefit will cease to exist and full margin needs to be made available to sustain the second position. However the system will not allow square off of one leg of a spread position if sufficient total margin for the second position is not available.

On expiry of one of the contracts, the spread benefit will cease to exist and total margin required for the second position has to be made available. In case there is a margin shortfall, a margin call will be made to the customer. In case the margin is not provided for, the position can be squared off
If I have sold some shares, can I use the virtual credit to buy other shares?
Please click on "Demat Sell" link to view the details of shares available in your linked demat account. You may select the scrip and exchange for sell. You will be redirected to "Place Order" page, wherein you may select the price and click on submit.
Can I trade in margin?
Yes, you can place orders in Margin Segment (Intra-day Trading). You can place orders for order value up to "X" times your available funds. The "X" depends on internal risk policies. The same is available for select group of stocks listed on NSE & BSE.
How do I place an Intra-day buy/sell order?
In the place order page, you need to opt for "Intra-day" in "Product" drop down box. All other order parameters remain the same. You may also refer to guide on right hand table on the page.
How much margin would be blocked on placing the Intra-day order?
Initially, margin is blocked at 25% of the order value. For market orders, Intra-day margin is calculated by considering the order price as the last traded price of the stock. On execution of the order, the margin is adjusted as per the actual execution price of the market order. This margin amount is subject to change from to time without prior information.
Is the Intra-day % uniform for all stocks?
Currently we are blocking uniform margin % for all scrip in intra day segment. We may charge scrip wise differential margin in future.
Is margin blocked on all Intra-day orders?
No, margin is blocked only on those Intra-day orders, which lead to fresh open positions. Intra-day orders, which are placed to square up existing open buy/sell position (called 'cover order',) shall not attract any margin.

Please note that cover order is recognized only against the executed open position and not against pending order.
How do I see my open positions in Intra-day segment?
The open position screen displays status of all your current open positions, inclusive of profit & loss (both in value as well as percentile basis) based on last traded price (LTP). You may close any open position by clicking on "Square off".
How do I place a square off order in Intra-day to cover my open positions?
You can place the square off order either through the normal buy/sell page or through a "Square off" hyper link on the "Net Position" page.
How do I convert my Intra-day position into delivery (cash segment)?
You can click on "Convert" hyper link in the "Net Position" table to convert the desired quantity to delivery, provided you have adequate funds/stock to convert the buy/sell position respectively.
Can I convert my pending Intra-day order into an order for Delivery segment?
No. Only the executed Intra-day position can be converted to delivery and not the pending orders in Intra-day. In such case, you can cancel your Intra-day order and place a fresh order in delivery.
What brokerage would be charged for Intra-day positions converted to delivery?
These positions would be charged brokerage applicable for delivery segment.
When do you release the margins blocked on Intra-day positions?
When the Intra-day position is closed out (either by squaring off or converting to delivery), the proportionate margin blocked on the position so squared off is released back and added to the Buying Power.

How does 'conversion to delivery' impact Buying Power? On converting a 'Buy' position to delivery, additional amount is blocked from your Buying Power to provide for 100% of the trade value of the converted quantity.

On converting a 'Sell' position to delivery, the converted quantity is blocked from your Demat account. The Buying Power increases on account of release of the margin blocked earlier on the 'Sell' position and further on account of 100% of the sale proceeds of the converted quantity.
Is it compulsory to square off the position within the settlement?
Yes. It is compulsory to square off all your open positions (net of quantity which has been converted to delivery) within the settlement.
What happens if I do not square off my position before the stipulated time limit?
In such a case, our risk monitoring system shall have the option to place a square off order to close out your open position.
What happens if for some reason an Intra-day position remains open at the end of settlement?
Our risk monitoring system would square off the position but the onus lies on you to close out all open positions. If for some reason, the position remains open at the end of settlement, you will have to make all necessary arrangements for funds/securities for the settlement of the position and shall be fully accountable for the consequences (auction/penalty/interest) of the same.

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