New Order Placing Mode for NRO clients

Greetings!!

We hope you enjoy the recent relaxation made in NRO trades by Tradeplus. We are sure that it would have helped you execute trades in a simplified manner and opened up more opportunities beyond imagination.

To bring more benefits in practice, we have made a slight modification in our trading platform and this will be effective from  1st June 2018. In the updated trading platform, the Buy Order Form will have NRML, MIS and MTF product types and will not contain CNC from 1st June 2018 onwards. CNC or Cash N Carry product type will however continue to remain in the sell order form and this can be selected to sell stocks from your demat account.

The details of these products are briefed below for your easy understanding.

  1. NRML
  2. MIS and
  3. MTF

NRML for Delivery Based Trades

NRML is the product type under which you will be able to get leverage as per the details given below.

SegmentCarry Forward Margin (Product type NRML)
Equity Cash3X for the F&O Scrips, 2X for Scrips where the VAR margin < =20%, and 1X for scrips where the VAR margin > 20%
Equity FuturesSPAN + MTM Margin (Exposure margin)*

* SPAN and MTM margins as levied by the exchange. MIS order type is available in Equity Cash for all stocks that are available for trading in futures segment.

For example with Rupees 1 lakh margin or with a collateral value of 1 lakh (after haircut) you will be able to buy selective stocks upto 3 lakhs. The remaining 2 lakhs can either be settled by transferring funds or by selling the stocks on or before Trade + 5 working days. In case these are not settled within Trade + 2nd working day before noon, stocks worth equal to 150% to 200% of the debit value will be held under house account and will be automatically sold on T+ 6th working day. An interest at 2% per annum will be levied for debits held for more than 2 working days. If the debit is cleared on T+2nd working day no interest will be levied and no stocks will be held under house account and it will be directly released to your demat account. While it is not necessary to buy stocks beyond your available cash, NRML is only an added facility to get more exposure.

MIS – For Intra-Day trades

MIS is a Intraday leverage product under which you will be able to square off your position any time during the day before 3.14pm failing which the system will auto square off the same from 3.15pm or anytime when the MtoM hits beyond 80%, whichever is earlier. We have given below a table explaining the number of times exposure that is provided under MIS product

SegmentIntra-day Leverage under product code MIS
Equity Cash10X on All F&O Stocks
Equity FutureSPAN + MTM Margin (Exposure Margin)*


* SPAN and MTM margins as levied by the exchange. MIS order type is available in Equity Cash for all stocks that are available for trading in futures segment.

MTF

Margin Trade Funding (MTF)– This is a unique product of Tradeplus that allows you to buy stocks upto 4 times of your collateral value and or cash value in NSE segment and hold it for a maximum of 1 year. You may basically leverage your stocks and take positions without deploying cash for a maximum of 1 year. Click here to know more on MTF.

Do feel free to mail us at nri@tradeplusonline.com for queries, we will be glad to answer you.

Call us at +91 7338822169 /  +19143687760 or WhatsApp us at +91 7338822169 or email us at nri@tradeplusonline.com to open an account.


Click to know the benefits of opening a NRO account.

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