General
What happens if my pledged shares are not utilized for shares as margin?
If your pledged shares remains idle & unutilized for margin, they will be unpledged by ICICI Securities on a periodic basis as a part of a standard risk management process.
Unpledging will be done for all securities which are held as pledge in case there is no utilization of limits.
For example : If you have pledged securities such as Reliance, ACC, ITC, unpledging will be done as per below:
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Scenario in which the shares will or will not be unpledged
Will the free shares will be unpledged
Outcome
If you have no open position and no limits and not traded for last months
Yes
All the 3 securities will be unpledged
If limit is utilized
No
None of the securities will be unpledged
If you have exisiting open position (Equity/ F&O / Commodity)
No
No action will be taken – all the securities remain pledged
Notes :
a. Periodic unpledging takes place only when margin utilization is 0%.
b. If even one pledged security is being utilised for margin, the unpledging process will not be triggered.