Why Physical delivery position square off by RMS on expiry day ?

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• Can IIFL square off If I have any position in equity and scrip moving towards upper freeze or lower freeze ?

  Yes. Reason for doing square off of short position is to avoid short delivery in the exchange and to avoid auction penalty. IIFL tries to square off short positions of non derivative scrips before price on the upper side. There might be chances that ...

• How can I convert my intraday position into delivery?

  To convert an Intraday position to Delivery:  Go to the 'Positions' window in the Portfolio tab. Click on the Open Position and then on 'Convert '. Note that all intraday positions are the auto squared-off at 3:15 PM if they are not closed by the ...

• What is Delivery Order?

  The delivery order is the type of order where the stocks you buy are added to your Demat Account. They remain in your possession until you decide to sell them where the duration can be in days, weeks, months, or years. You enjoy complete ownership of ...

• Why client position squared off?

  Client position could have been squared off for a number of reasons such as : 1) Intraday trades will auto squared off at 3:15 pm for the Cash segment & 3:20 for the F&O segment. 2) Intraday trades will be squared off if you lose 80% of your ...

• Whether I can square off the position in one segment during the day and use the same margin, released due to square off the position, in different segments on same day?

  Yes. Based on the margin availability, client can avail exposure in different segments at different time. However, maximum exposure given across segments are not exceeding the margins available.