If clients securities are pledged in favour of IIFL for margin, will it impact corporate actions on those shares?

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• Is there any margin on selling shares in Cash Segment?

  Yes, margin is applicable for both buy and sell transactions in the Cash Segment. As you are aware, settlement of transactions in the Cash Segment is on T+1 day basis, accordingly the upfront margin of the trades done on T’day should also be ...

• In whichever form the margin is provided to IIFL, is there any impact on Delayed Payment Charges?

  In Equity Derivative Segment and Currency Derivative Segments IIFL is allowed to accept approved securities from clients for margin purposes. However, IIFL can lodge their own securities only to the Clearing Corporation and not the clients’ ...

• How client will get margin on shortage of shares?

  Please note if due to any reason there is shortage of shares payout in client's account on T+1 days then OTP will not get validated and it will get rejected with reason overdue as only on full payout quantity it gets pledged.

• Will client can be able to sell shares after pledging?

  Yes. client can sell there shares which are pledged at any point of time. However, user should ensure that sufficient margin is available in case any position is created against such pledged securities. If user is NON-POA client follow process for ...

• How to unpledge the shares, if the same are pledged under Franchisee Securities Deposit?

  Please contact the Franchisee department for unpledging the shares. Fan department will send mail to the DP team for unpledging the shares and accordingly DP team will unpledge the shares.