General

How does ICICI Securities go about selling my pledged securities in case I do not make cash available for any settlement dues?

ICICI Securities would invoke a pledge and place a 'Spot sell' order at 'market' for the required quantity of securities deposited as margin the next morning. This will permit you to bring in funds in your bank account in the evening. ICICI Securities would invoke the securities pledged in favour of ICICI Securities to debit the shares from your demat account and meet the obligations to pay-in the securities. On invocation, the 'Quantity' in the 'Pledged Securities' page will reduce. Details of such invocations would appear in the 'Status Book' sub-link under the 'Shares as Margin' link in the F&O and Equity section. However, ICICI Securities may not resort to selling the deposited shares at its discretion including for reasons that the pay-in shortfall is insignificant.