What is CUSPA? (Client Unpaid Securities Pledgee Account)
Shares purchased under the delivery product that are not fully or partially paid shall be pledged to the Client Unpaid Securities Pledgee Account (CUSPA). These shares are auto-pledged in favour of ICICI Securities Ltd.
At the end of the T-day, the outstanding obligation, along with combined ledger balances (including markup), is considered for pledging under CUSPA. The communication about outstanding obligations and the transfer of the shares to CUSPA shall be sent to the client via ‘Email’ and ‘My Messages’.
What is CUSPA? (Client Unpaid Securities Pledgee Account)
Shares purchased under the delivery product that are not fully or partially paid shall be pledged to the Client Unpaid Securities Pledgee Account (CUSPA). These shares are auto-pledged in favour of ICICI Securities Ltd.
At the end of the T-day, the outstanding obligation, along with combined ledger balances (including markup), is considered for pledging under CUSPA. The communication about outstanding obligations and the transfer of the shares to CUSPA shall be sent to the client via ‘Email’ and ‘My Messages’.