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
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40% or VAR whichever
is higher
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60% or VAR whichever
is higher
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80% or VAR whichever
is higher
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3 Margin benefit will not be given on margin pledged
stock
4 No fresh pledge (repledge or margin pledge) request
will be accepted.
5 Funding for BNPL stock will be reversed and client
may fall under Block & Sell & T+6
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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 ...
Will I be able to use an approved CTCL terminal from a non-approved location or home?
No, if the geo tagged location is in mismatch with the actual location. User will not be able to use the approved CTCL, one has to be at the registered address
If client bought a stock, when will it be visible in the Holdings?
After client buy a share, it will take T+1 day to be visible in client's Holdings. Till then, it will be visible in client's Positions tab.(Eg, if client buy a stock on Monday, it should reflect in client's Holdings on Tuesday) Note: Client's shares ...
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.