As per exchange guideline any trading obligation must be settled within 2 days , additional grace days are provided to meet the obligation. Beyond this further trading has to be restrained hence additional limit is not provided to clients classified at “T+9”.
Client is classified as “T+9” if Ledger debit is not cleared in Cash Segment on T+7 day ( working days) and further exposure is allowed to the extent of client’s fully paid securities over his debit balance deposited with the MOSL after applying appropriate hair cut.
Client is classified as “T+9” if Ledger debit is not cleared in FAO on T+6 day and further exposure is allowed to the extent of client’s fully paid securities over his debit balance deposited with the MOSL after applying appropriate hair cut.
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