Why stocks are getting unpledge when there is a limit crossed from clearing member?
Each Clearing Member has limits set on the number of shares to be pledged of a particular scrip by the Clearing Corporation. Once such a limit is crossed, the shares are unpledged and credited into the Demat Account of the Client.
For Instance, X ltd, a clearing member, has a limit of 10,00,000 shares of RIL that can be pledged with them. Mr. Y, a client of Fyers has 11,00,000 shares of RIL and has pledged to get additional margins to trade in equity derivatives. The margins are released on an End of the Day (EOD) basis. As we can see, X ltd. is not allowed to accept more than 10 lakh shares of RIL, the pledge will be invoked, and the shares will be credited back to Mr. Y on the next day.
Note: The invocation of the pledge will be thoroughly communicated via email to the clients.
How can I place orders in the illiquid stocks in Fyers?
Placing a market order in illiquid stocks can be very risky as there might be a massive difference in the Bid & Ask price of the stock that might lead to freak trades. Therefore, it is always recommended to place a limit order where the order will be ...
How to unpledge my holdings in FYERS?
You can Unpledge your holdings online from the pledge portal. The procedure to unpledge is as follows: Once you login to our Pledge Portal, click on 'Unpledge' Tab, you’ll find the list of pledged holdings. Select the scrip you wish to unpledge and ...
How much time does it take to unpledge holdings?
If the request for unpledge is received before 3:30 PM on trading days, the holdings will be unpledged, and the same will be available under the 'Holdings' tab from the next trading day. Please note that the unpledge requests are not accepted after ...
Can I invest in stocks overnight with the collateral amount from pledging my Demat holdings?
No, You cannot buy stocks in Cash N Carry (CNC) with the collateral amount. However, you can do intraday in stocks, take overnight positions in futures (Buy and Sell), and options (Sell) with the same. Note: Clients cannot Buy options with the ...
What is a limit order?
A limit order is a type of order to either buy or to sell a security at a specified price. The order will either get executed at the limit price mentioned by you at the time of order placement or would not get executed at all. If the price does not ...