What happens if the booked loss/ charges, MTM loss ad accrued interest rates are not settled?

Note that MTM / Booked loss and charges  in MTF ledger are necessarily to be settled through fund payment. IT cannot be adjusted against the collateral  value.


Scenario I : There is a debit in MTF with NIL funded stocks


In this situation, as mentioned above, if the debit is not cleared on the very next of closing the final MTF positions, Tradeplus  then reserves right to do the following actions on the following day

a) adjust the debit from cash collateral, if any, by transferring funds from collateral account to MTF ledger and or 

b) transferring funds from NSE CM segment, if any, to MTF ledger and or 

c) liquidate your MTF collateral stock to adjust the unpaid charges and/or MTF trade losses. 


 Scenario 2: Where the client has funded stocks and  is continuing to use MTF facility


If the debit is not cleared on the next working day the system will as a process before the 10th of the month move the funds from your cash collateral account to the MTF ledger account to the tune of the unsettled amount. If there is no sufficient funds in the cash collateral account and if there is a credit in your normal trading account, it will be adjusted. If there is no credit in your normal trading account as well, then as last option the shares in your stock collateral account will be liquidated to the tune of the unsettled amount.

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