If you hold both your trading & demat a/c with PM Securities then this article is not for you, please visit this page [] to pledge your holdings from your PM Securities Demat A/c to get margins against the value of your holdings.
However, if you wish to pledge your holdings held with other DP (Depository Participant) ie. if the demat account where your shares / securities are held is with other entity and not with PM Securities then you would need to follow the below process to pledge your holdings to get margins against the value of your holdings.
Step 1: Find out if your DP is a CDSL DP or NSDL DP (Ask the entity where your demat account is held, if you're unsure)
Step 2: Contact your DP and tell them that you wish to pledge your holdings held in a demat a/c to a stock broker, for which they may either give you a PRF (Pledge Request Form) OR some access to their online portal where they accept pledge requests.
Step 3: If its a PRF or Online Portal, you shall require to fill in the following information to place a pledge request with your DP.
A) If your DP is a NSDL DP, fill in the following information in your PRF:
Counter-party DP ID:
IN300484
Counter-party client ID:
30312431
Counter-party Client name:
Pankaj Mangaldas Securities Pvt. Ltd.
Unique client code (UCC):
Your PM Securities client code.
Trading member code (TM code) :
10445
Clearing member ID:
M51212
Indicative Closure date:
31/12/2030
Execution date:
Date on which the pledge request is being submitted to DP.
Segment:
All Segment
Trading Member Name :
Pankaj Mangaldas Securities Pvt. Ltd.
Stock exchange name:
NSE
Clearing corporation name:
ICCL
B) If your DP is a CSDL DP, fill in the following information in your PRF:
Counter-party DP ID:
12045400
Counter-party client ID:
0027551
Counter-party Client name:
Pankaj Mangaldas Securities Pvt. Ltd.
Unique client code (UCC):
Your PM Securities client code.
Trading member code (TM code) :
551
Clearing member ID:
551
Indicative Closure date:
31/12/2030
Execution date:
Date on which the pledge request is being submitted to DP.
Segment:
All Segment
Trading Member Name :
Pankaj Mangaldas Securities Pvt. Ltd.
Stock exchange name:
BSE
Clearing corporation name:
ICCL
Once you submit the Pledge request to your DP, you will receive an SMS & Email from NSDL/CDSL asking you to verify the pledge request placed by you.
If you complete this verification before 6pm on a working day you shall get the margin benefit to trade at PM Securities for the immediate next trading day. If you complete this verification, post 6pm you shall get the margin benefit on the 2nd trading day from when you complete the verification.
This article was published originally on October ,8 2020 here
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