ICICIdirect Executive Thank you for the query. We would like to inform you that the limits become available against the shares deposited as margin after your pledge request has been successfully confirmed. You need to allocate the amount from the new website to the Equity or F&O segment from the Modify Securities Limits link under the Shares As Margin page.
ICICIdirect Executive Thank you for the query. We would like to inform you that a link for Reduce appears against the Quantity Pledged in the Deposited Securities link under The shares As Margin page. You can click on the link and specify the quantity to be withdrawn. In case, in the Request Book sub-link under the Shares as Margin link in the F&O and Equity section, there is already a Withdrawal request pending to be initiated (i.e. in Requested status), you will not be permitted to place a fresh withdrawal request; you can only increase the quantity to be withdrawn.
In either case, note that Withdrawal is:
(i) permissible only if the reduction in Securities limit arising out of reduction in the quantity deposited as margin is not beyond the current F&O and Equity limit
(ii)permitted only to the extent of quantity deposited has not already been sold either by ICICI Securities or by yourself (appearing as Block for Sale in the Deposited Securities page in the F&O and Equity section)
On revocation of securities deposited as margin, F&O and Equity limit decreases immediately after successful withdrawal, by the Value of deposit after Haircut indicated on the Withdraw / Reduce page. This is arrived at for each security as per the following formula :
(Quantity of the stock being withdrawn* Valuation Price of the stock ) * (1 – Haircut% for the stock)
A separate request is created to initiate the revocation of the pledge(s). The status of this request can be tracked in the Request Book sub-link under the Shares as Margin link in the F&O and Equity section. However, the quantity revoked is immediately reduced from Quantity Pledged in the Deposited Securities page in the F&O and Equity section. As a result, the securities limit also reduces. Before the pledge closure is initiated (i.e. it is in Requested status), you can add/reduce the quantity to be withdrawn by accessing Add / Reduce link against the revoked request in the Request Book sub-link under the Shares as Margin link in the F&O and Equity section.
Multiple pledge revocation may have to be initiated in case separate pledge order nos. by the Depository as a result of pledges being created at various points of time earlier. Once revocation is initiated (i.e. the status changes from Requested to In Process status), the same appear(s) in the Pledge Book sub-link under the Shares as Margin page in the F&O and Equity section. Here, you can view the final status of the pledge closure(s) initiated. Once, the pledge closure(s) are completed, the quantity closed will reflect as free balance in your demat account.The withdrawn securities will be available for sale or transfer on the next day of the withdrawal.
ICICIdirect Executive Thank you for the query. We would like to inform you that the Margin Positions page on the site is the page which displays margin open positions taken in the current settlement and provides you the facility to:
> Add margin - You can add additional margin against positions taken in the current settlement
> CTD (Convert to Delivery) - You can convert margin position to Cash position and take delivery of the same
> Square off - You can place square off order against your position using this link
> Change mode - You can change the mode of the positions taken in the current settlement from Broker to Client and vice-versa
ICICIdirect Executive Thank you for the query. We would like to inform you that Flexi Cash is a feature offered by ICICIdirect.com to its Cash product customers where you can buy stocks by paying partial amount (say 11 to 31%) of funds and bring the remaining funds later at the time of settlement but not beyond next 365 calendar days in case of both NSE and BSE to take delivery of your transaction. Till such time your position will remain with I-Sec as Pending for Delivery.
What is Minimum Margin (MM)?
Minimum Margin is the margin amount that you should ensure to maintain with I-Sec at all points of time for your open Flexi cash positions under the Margin position or Pending for Delivery page. Once the available margin with I-Sec on such positions goes below the minimum required margin,I-Sec would block additional margin required from the limit available, and in absence of sufficient limits for the required margin, such positions will be squared off either in part or full. The details are explained in the FAQs of Margin Client mode.
Minimum Margin is calculated as Amount Payable + (Amount Payable*Minimum Margin%)
ICICIdirect Executive Thank you for the query. We would like to inform you that Convert to Delivery (CTD) is an option through which you can convert a Margin open position into a Cash position and receive or give delivery of shares thereof.
If you have a margin position of Buy 100 Reliance Shares marked either in the Client square off mode or the Broker Square off mode, you can choose to receive delivery against the same by choosing the Convert to Delivery option. You can convert even a part of the total quantity of 100.
If you have a margin position of Sell 50 Reliance Shares you can choose to give delivery of shares against the sell margin position if you have the requisite shares in your demat account by choosing Convert to Delivery option. You can convert even a part of the total quantity of 50.
To convert a Margin position, which is taken in the current settlement, to delivery (Cash segment), you can click on the link Convert to Delivery (CTD) on the Margin Positions page.
A margin Sell position is closed out either by squaring off or converting to delivery.
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