A: There are 2 steps involved in pledging securities to PENTAGON STOCK BROKERS PVT LTD
Once DP gets confirmation message from respective depositories, pledge will be marked.
A: Client can request for pledge/ unpledged in the following ways:
Please note for selling you don’t require to unpledged, you can sell the shares and PENTAGON STOCK BROKERS PVT LTD t will release the pledge and give Pay-in to the exchanges.
A: One can give full quantity or partial quantity to pledge. Such requests are validated against approved instruments (shares) and available quantity and sent to Depository Systems. Depository Systems in turn send a link to the registered mobile and email of the client. As of now, maximum time taken for sending the link to the customers is 60 to 70 minutes. Once the request is accepted by the Depository (NSDL/CDSL) Systems, an email and SMS is triggered to the clients registered email id and mobile. A sample of the email/ SMS is given below:
“ Dear Investor, your DP PENTAGON STOCK BROKERS PVT LTD has initiated margin pledge from your CDSL demat account 12xxxxxx xxxxxxxx. You may confirm the same by clicking on
A: The link is valid till the end of business day of the Depository services. Business day is defined as BOD (Beginning of Day) to EOD (End of Day) on working days. For example, if a request is given at 4:30 PM on a working day then the validity of the link is till the EOD process of Depository Services (NSDL/CDSL).
A: On clicking the link, NSDL/CDSL eServices will open and you will be prompted to enter your PAN. Key in the PAN and check the instruments and quantity selected for pledge. All approved instruments can be confirmed with one click on the check box “All” or client can select the instruments and confirm.
There are 4 things to be done in the eServices window:
A: Once OTP is triggered, validity of OTP is for 5 minutes
A: The link sent by NSDL/CDSL is valid till end of Business day of Depositories. The OTP is valid only for 5 minutes.
A: Login to IDeAS portal of NSDL or Easiest of CDSL, to pledge the shares. Once UCC is updated you can use the links of customer care for pledging.
A: The physical process should be used in the following cases:
A: If you do not have POA, then you cannot pledge/ unpledge through branch or by calling customer care. You can either use Selfie, Customer Care portal, IDeAS/Easiest or physical form.
A: Yes, margin pledge is available in these applications. If you have already registered for IDeAS or EASIEST you can use the facility to pledge.
A: Securities that are pledged to Clearing Member can be repledged to Clearing Corporation if required.
A: 100% ordervalue is required as margin either by ledger balance or Equivalent Pledge value after hair cut. Selling from demat holding with POA is also considered as margin for subsequent trades of the client subject to Early Pay in being made on the same day to Exchange . PENTAGON STOCK BROKERS PVT LTD will pull the shares from DP on T day and give early pay-in to exchanges.
A: 50% VAR(Value at Risk) margin on order value for NIFTY stocks subject to min 10% or 20% or exchange margin whichever is lower is required as margin either by ledger balance or Equivalent Pledge value after hair cut. Selling from demat holding with POA is also considered as margin for subsequent trades of the client subject to early pay-in being made on the same day to Exchange .
A: 100 % SPAN + Exposure (Actual Exchange Margin) margin on order value is required either by ledger balance or Equivalent Pledge value after hair cut. Selling from demat holding with POA is also considered as margin for subsequent trades of the client subject to early pay-in being made on the same day to Exchange .
A: 50% SPAN margin on order value is required either by ledger balance or Equivalent Pledge value after haircut. Selling from demat holding with POA is also considered as margin for subsequent trades of the client subject to early pay-in being made on the same day to Exchange
A: 100 % SPAN + Exposure (Actual Exchange Margin) margin on order value is required either by ledger balance or Equivalent Pledge value after hair cut. Selling from demat holding with POA is also considered as margin for subsequent trades of the client subject to Early Pay in being made on the same day to Exchange .
A:You can keep the positions as BTST only on the trading day . From T+1 onwards these shares are converted to cash in Selfie terminals. After T+2 if the payment is cleared shares will be moved to Client DP a/c or else it will be kept in CUSA (Client Unpaid securities account) till CUSA clearance day.
| Ledger balance | Position | Margins | Margins Value | Buying power | Days | Remarks |
|---|---|---|---|---|---|---|
| 10000 | 20000 | 25%* | 5000* | 0 | T day | Will report Rs.5000 |
| 10000 | 20000 | 100% | 20000 | -10000 | T+1 day | Will report Rs.5000 |
| -10000 | 20000 | NA | NA | T+2 Day | Rs -10000 will be shown as a/c balance and buying power |
a) *Margins mentioned here are the buy margins only. However for the order to be accepted, you need to have margin requirement x 2, so in the above example it will be 10000 requirement x 2, so in the above example it will be 10000
b) Since there is shortage in reporting, further exposures cannot be allowed. However you can maintain this position till CUSA clearance. Once you sell the share after settlement (T+2) we can give the early pay-in to the exchanges and permit further exposures.
c) Margin reporting arrived is only based on Execution rates & so violation due to M to M or due to other margins is not mentioned here.
| Product | Deal | T | T+1 | T+2 |
|---|---|---|---|---|
| Cash | Purchase with 100% Margin (either cash or MPR) | Yes | Can Sell T Purchase Positions subject to Margin rules. Margin will be deducted from the sale value Note : Risk management will apply restrictions based on high VAR Margin or liquidity | Yes. Can sell T purchase positions. We give full credit. Early Pay-in will be triggered from the pool |
| Cash | Sale of Stock (POA Holder) | Yes without Margin. Buying Power will be provided. Early pay-in will be triggered | Buying Power against Selling credit will be provided | Continue with the Buying |
| Intraday | Purchase/ Sale with Margin | Yes Square off at the end of the day | ||
| BTST | Purchase with Margin (Charge Twice the Margin) | Yes | Yes. Selling of outstanding position is possible. Margin will not be released. Beyond T day no BTST | Yes. Sell is possible. Margin will be released Power |
| MTF | Same rule is applicable except transfer of shares to collateral and keeping funded stock in the Pool. Margin has to be pledged Funded Stock also to be pledged. If client has not given pledge confirmation for the funded stock by T+2, MTF position will be squared off on T+3. | 0 |
A: No, subject to clients having signed the POA with us. In such cases we can take the shares from demat account on T day itself and can give EPN (early pay-in) to Exchange to avoid the margin requirement for selling the shares.
A: Positions will be cleared after margin call if there is no payment /further pledge. Shares held in beneficiary account will not be considered as margin if it is not in pledged status.
A: Yes. The shares need to be pledged in favour of PENTAGON STOCK BROKERS PVT LTD. - Client Securities Margin pledge account (CSMPA). Here also, the shares used as collateral will be reflected as pledged towards MTF collaterals in Beneficiary account of the client.
A: Yes. MTM can be reported in Equity , Equity derivatives, Currency derivatives & Commodity segments by form of pledge.
A: No, with these new changes you cannot utilise intraday profits for taking fresh positions.
A: You can check through Selfie as well as PSBPL( CUSTOMER CARE ). In PSBPL( CUSTOMER CARE ) your demat holdings will show in pledged status & in Selfie portfolio you can see the pledged quantity column.
A: Exposure will be based on PIS funds available in PIS banks. Pledge cannot be allowed for such accounts. Pay-in needs to be cleared within T+2. Buying against sell positions will not be permitted till T+2.
A: Yes you will be permitted to sell the shares subject to maintaining sufficient margins.
A: Penalty is applicable based on the ledger balance. 50:50 is required to avoid penalty (50% cash and 50 % security, after applicable haircut, is required for getting the margin benefit as per Exchange).
A: There are no restrictions applied
A: No, PMS shares cannot be pledged.
A: Yes, these shares are like any other shares lying in the demat account. Why is Error message showing: - can’t process pledge and we will get back to you with details’ in some cases. This is due to failure in UCC upload at depository. A one-time visit and pledging from IDeAS (NSDL) or Easiest (CDSL) will resolve the issue
A: There could be multiple reasons for this - please check with DP whether the correct email id and mobile number has been updated in the DP system. If this is not the issue, it is possible that the UCC may not be uploaded with Depository.
Visit the customer care of PENTAGON STOCK BROKERS PVT LTD in the KYC page there are provisions to change the Phone numbers/Email
A: Please contact our customer care numbers 42577000 / 42577015 or write to us at pentagonbroking1@gmail.com
