What Actions Does Icici Securities Take To Liquidate Cuspa Shares If I Do Not Fulfil My Outstanding Payment Obligations

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CUSPA (Client Unpaid Securities Pledge Account)

What actions does ICICI Securities take to liquidate CUSPA shares if I do not fulfil my outstanding payment obligations?

If the outstanding obligation is not cleared on the settlement date, ICICI Securities may liquidate the pledged securities on a best-efforts basis from T+2 days onwards to recover dues. Applicable brokerage and charges will be applied.

Additionally, a charge of ₹29 + GST per stock (including ₹25 depository charges) will be levied for such pledges. These shares are eligible for Buy Today Sell Tomorrow (BTST) transactions on the settlement date.