Stock Plus allows you to get exposure/margin against your shares by pledging them as collateral.
- 50:50 Cash (Liquid Cash or Cash Equivalent Collateral) vs. Collateral Ratio as per the new circular on the segregation of collateral at the client level.
- Ideal for Option Sellers: You can pledge your holdings and get collateral to trade for your positional trades.
- Collateral against 500+ Shares, Mutual Funds, G-Sec, ETFs, SGB.
- Trade in Commodity (MCX) with Collateral margin.
Example:
Suppose you wish to buy 1 lot of BANK NIFTY in your trading account, which requires approximately Rs. 1.5 lakh as carry forward margin. Now, if you have Rs. 75,000 in cash and shares worth Rs. 1 lakh in your account, you can pledge them to get Rs. 75,000 as collateral (assuming a 25% haircut) and initiate the trade.
Points to Note:
- Cash: Cash can be in the form of liquid cash or cash-equivalent collaterals. The list of cash-equivalent collaterals accepted can be checked here.
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Collateral and Haircut: Collateral is calculated after deducting the haircut from the value of the pledged stock.
Example: If the value of your holding is Rs. 1 lakh and the haircut percentage is 25%, then the collateral value will be Rs. 75,000. - List of Instruments: You can refer to the list of 500+ Shares, Mutual Funds, G-Sec, ETFs, and SGB, along with the corresponding haircut percentages accepted as collateral from this link.
- Segments: Trading against collateral is allowed on the following segments:
- Margins pledged for one segment cannot be utilized for the other. Equity and Commodity segments must be maintained and pledged separately.
| Segment / Product | NRML | MIS | BO/CO |
|---|---|---|---|
| Cash | NA | YES | YES |
| Future | YES | YES | YES |
| Option Buy | YES | YES | YES |
| Option Sell | YES | YES | YES |
| Commodity | YES | YES | YES |
Charges:
- Pledge and Unpledge Charges: Rs. 15 + GST per script is applicable for both pledging and un-pledging.
Pledging and Un-pledging:
- To see how you may pledge your holdings, kindly refer to this LINK for instructions.
- To pledge holdings for the commodity segment, please send a request from your registered email ID to support@stocko.in mentioning the security symbol and Quantity.
- You may sell your pledged holdings anytime using the CNC product type, just like you would with holdings in your DP account. Once sold, the shares will automatically be un-pledged and marked for pay-in on T+1.
50:50 Cash vs Collateral:
- If the margin is utilized and the 50:50 cash vs collateral ratio is not maintained, late payment charges at 18% per annum will be applicable on the shortage amount. This will be calculated on a day-to-day basis for both intraday and carry positions.
