Starting the 3rd of December 2020, T1 Holdings shall reflect in Market Pulse / FastTrade applications under 'OBL' column in the holdings report.
What are T1 Holdings?
Indian exchanges follow a T+2 Settlement cycle. ie. Shares bought on Monday get delivered to your demat account on Wednesday by end of the day. Until then these shares remain unsettled are are often referred to as a T1 Holdings or Unsettled Holdings or Obligations.
Keeping Track of T1 Holdings
To enable you to keep a track of such unsettled shares the same shall be shown under 'OBL' (Obligations) column in Holdings Report / Client Dashboard Assets in Market Pulse / FastTrade applications starting the 3rd of December 2020.
Can I sell T1 Holdings?
Yes. You can sell T1 Holdings however, you'd require to have sufficient margins to sell T1 holdings. Unlike Demat Holdings (ie. DPF) T1 Holdings cannot be sold without margins.
How do I sell T1 Holdings?
You can sell T1 Holdings normally using the default 'Overnight' product type while placing an order. When you sell the shares, we will automatically check for the type of holdings (DPF/OBL) that you are selling and accordingly charge margins.
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