Why am I getting an error stating 'This scrip is in T2T segment and cannot be squared-off until settlement'?
If you encounter the message 'This scrip is in T2T segment and cannot be squared-off until settlement', it's because you're attempting to trade stocks categorised under the Trade to Trade (T2T) settlement series.
What is T2T Segment?
The T2T segment involves stocks that must be traded on a delivery basis. This means that they're settled on T+1 Day. Essentially, you can't indulge in Intraday trading or Buy Today Sell Tomorrow (BTST) for these stocks.
Suppose you buy a stock from the T2T segment on Monday, like Cybermedia (labelled as BE stock). In this case, you can only sell this stock after it's settled, which is after T+1 Day i.e., on Wednesday.
Various stock series fall under the T2T category in FYERS. They include:
BSE
| NSE |
TS | BE |
ZP | BZ |
MT | ST |
Z | SZ |
ST | - |
T | - |
R | - |
XT | - |
For a deeper dive into the different stock series available for trading on FYERS platforms, refer to this article.
Related Articles
What does T+2 settlement mean?
Settlement timelines define when your securities and funds actually exchange hands after a trade. If you're new to trading, understanding what "T+2" or "T+1" means can help you manage expectations, avoid short deliveries, and plan your trades better. ...
What is Trade for Trade (T for T) segment?
The Trade for Trade (T for T) segment is a special settlement category where each transaction is settled individually, without allowing intraday trading or netting off trades. It is used to curb speculation and ensure delivery-based settlement in ...
Why am I getting an error stating "Limit price should be in multiples of 0.05"?
When placing an order in Equity and Equity Derivatives, it's essential to ensure the limit price aligns with specific increments to maintain market stability and orderliness. As such, on FYERS, the limit price must be set in multiples of 0.05. If ...
Why am I getting an error stating 'Stop loss should be less than limit price'?
The error 'Stop loss should be less than limit price' is a protective measure ensuring your trades are logically consistent. When placing a Buy order: Limit Price: Represents the maximum price you're willing to pay for a stock. Stop-Loss: Acts as a ...
What is rolling settlement?
Rolling settlement is the standard mechanism used in Indian stock markets to finalize trades. It ensures that each trade is settled systematically, with payments and securities exchanged within a predictable time frame. Understanding Rolling ...