Will all stock bought as BNPL be considered for the funding?
No.. Funding is allowed only in the stock available in the
list of Group 1 securities (IIFL E A B C D) published by exchange every month.
The same must be bought in NSE only and no funding will be allowed if stock is
bought in BSE.
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If clients have bought the stock as BNPL and sell the same as delivery or intraday trades done then funding will be initiated for the shares bought as BNPL?
No, it will be treated as intraday trades only on the FIFO method and no full funding will be initiated.
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 ...
How client can pay up the funding for the BNPL service?
In order to close the funding (pay up so that interest is not charged), client have two options - 1. Sell the stock 2. Pay from trading ledger. Paying from trading ledger option will be available from the Funds page. Here client can select the funded ...
Is it required to authenticate OTP to pledge the shares bought under MTF / BNPL?
As per NSE circular NCL/CMPT/66688, Shares bought under MTF/BNPL on February 24, 2025 and onwards, will be automatically pledged, no OTP confirmation required.