Margin Funding

If I take multiple MTF positions in the same stock on different dates, which date will be considered for expiry?

When you take multiple MTF positions in the same stock on different dates, each position is treated as a separate transaction with its own expiry date. The 360-day holding period is calculated individually for each transaction based on its trade date.

Example:

You buy 100 shares of Stock X under MTF on January 1, 2025. The expiry for this position will be December 27, 2025 (360 days from the exchange settlement date).

Later, you buy another 50 shares of Stock X under MTF on March 1, 2025. The expiry for this new position will be February 24, 2026 (again, 360 days from settlement).

Since both positions are independent, their expiry dates will differ. If you wish to continue holding the stock beyond the expiry, you will be required to Convert it to Delivery (CTD), or else the system will automatically square off the position on completion of 360 days.