SPOT Selling

What is the deadline to clear outstanding obligations?

As per regulatory guidelines, all outstanding obligations are due on the trade day itself (T-day).

To provide you with additional time before your pledged shares are considered for square off, ICICI Securities allows you to clear your outstanding obligation until 8:45 AM on the next trading day (T+1 day).

You must ensure sufficient funds are available before this deadline. Failing to clear your outstanding obligation on time may result in sale of pledged shares without further notice.

If funds are not received by 8:45 AM on T+1 day, ICICI Securities is required to settle trades with the Exchange, because of which no request for time extension can be considered.