What Is The Purpose Of The Spot Product

The SPOT product provides a facility whereby clients can sell shares which have been pledged as margin (SAM).

Here’s how spot orders help:

Sell Pledged Shares with Spot Sell Pledged Shares without Spot

Directly Sell Pledged Shares (If limit unused) Place an Unpledge Request (If limit unused) > Shares unpledged on T+1 day > Place Sell Order

In addition, ICICI Securities (ISEC) also initiates SPOT Sell to liquidate pledged shares for the recovery of client's outstanding obligations.