There has been an introduction of a new margining process by the regulator and Exchanges, recently. As part of our goal to provide you with the best trading exposures and seamless reporting of your margins to the Exchange, we have made some changes in our operations. These changes mean that the shares you sell on..
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There has been an introduction of a new margining process by the regulator and Exchanges, recently.
As part of our goal to provide you with the best trading exposures and seamless reporting of your margins to the Exchange, we have made some changes in our operations.
These changes mean that the shares you sell on the Trade day (T-Day) may be moved by us to the Early Pay-In (POOL) Account on the T-Day or T+1 Day.
This means that on the day that you sell your shares, we may move it from your Demat account, or your shares that may be lying in the Unpaid account or in our Pool Account, and present it to the Exchange for the settlement purpose on the same day i.e. T-Day or the Next Day i.e. T+1 Day.
On account of these changes, starting today, if you wish to participate / take advantage of any corporate action like Buy Back, Right Issue, and others, we request you to hold the shares in your account until the record date. In case shares are sold before or on the record date and are presented by us to the Exchange for settlement, as per the above schedule, Upstox shall not be held responsible or liable for not being able to participate in such corporate action, due to the non-availability of such shares in your account.
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