StockPlus enables you to leverage the power of your holdings for trading by providing margins against your stock holdings.
You need not have cash in their Trading Account to meet the Exchange SPAN & Exposure Margins. Stocks pledged under the StockPlus facility can be used for Margins.
Illustration: Say you wish to go long 1 Lot of NIFTY, & the margin required to initiate the position with the NRML Product type is Rs.48,000. Currently you would need to have to the entire Rs.48,000 in your Samco Trading Account as a cash balance.
With StockPlus, even if your Samco Trading Account balance is NIL, you can initiate this position if the value of your pledged shares exceeds Rs.48,000.
The Highlights of the StockPlus Product -
Trade with Margin against shares with Zero Cash Balance in the Equity Derivatives and Currency derivatives segments (Both Intraday and Positional Trades) and also in the Cash Market segment (via Bracket Order and Cover Orders)
No requirement to maintain 50-50 cash collateral ratios while initiating trades
You can initiate trades in Options too with margin against shares (both long and short options for intraday and positional basis)
You can sell your pledged holdings in real time by placing a real time sale request. You don’t need to un-pledge holdings the previous day to sell them.
You can sell your pledged holdings in real time by placing a real time sale request. You don’t need to un-pledge holdings the previous day to sell them.