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 Available Margin.
3) When client don't maintain the minimum required Margin in account shares will be squared off 4 days after the shortfall occurs.
4) When client shares bought using Margin are down by more than 50% of your Funds balance, square off will be done on the next trading day.
5) Shares bought under Margin Product need to be fully paid or pledged, failing which the shares willl be sqaured off after 7 days.
6) If client account goes under debit/negative balance, then shares will be squared off after 7 days.
Related Articles
Why client Intraday Position not squared off?
1) Client Intraday position might not have been squared off due to the stock hitting the upper or lower circuit in that particular trading session 2) In case client have bought the stock & it has hit lower circuit shares will be sold on the next day. ...
How client can access Position Report?
To check the position report inform the client to follow below path. Through IIFL Mobile App: 1.Login to Mobile app. 2.Select Trades on bottom of the page. 3.Select Position to check the net position for the day. Through TT Web 1.Login to TT Web ...
Where do client F&O trades appear?
All F&O trades of client will appear in the positions tab of the Portfolio. This tab also shows that all intraday, delivery trades that client bought or sold & as well as client's closed positions.
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 filters client can apply on Positions tab?
Client can apply All or Today filter to segregate positions based on whether client bought/sold them today, or client have held the positions from previous day or days. Click Here to check the filters of Positions on mobile app.