If there is any corporate action in stock then what will happen if stocks are funded?

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

  As in the Margin Pledge process the stocks are lying in client's own demat account, client will get all the corporate benefits announced, like dividends, etc.

• What will happen if you sell Buy Now Pay Later stocks on the date of purchase?

  The transaction will be treated as an intraday transaction instead of a BNPL transaction.

• When will funding be reversed and debited to a normal ledger?

  a. Not authenticated OTP b. Place release request for funded stock c. Funded stock sold d. Funded stock moved to Z category. e. BTST done (Buy today and sell tomorrow). Full quantity will be reversed even part sold on T+1. d. Corporate Action in the ...

• What is the Impact of approved stock as on 31.08.2024 will be considered as non-approved stock from 01.08.2024 ?

  1 IIFL category will be Z 2 Margin benefit shall be given as below on repledged stocks Month Applicable haircut From August 01, 2024 40% or VAR whichever is higher From September 01, 2024 60% or VAR whichever is higher From October 01, 2024 80% or ...

• What is the Impact of approved stock as on 31.08.2024 will be considered as non-approved stock from 01.08.2024 ?

  1 IIFL category will be Z 2 Margin benefit shall be given as below on repledged stocks Month Applicable haircut From August 01, 2024 40% or VAR whichever is higher From September 01, 2024 60% or VAR whichever is higher From October 01, 2024 80% or ...