Comment on Understanding the new margin pledge system — effective Aug 1, 2020

Pradeep Kumar inani commented on 23 Jul 2020, 12:31 PM

I rather find strange that you are suggesting that current stocks which are pledged needs to be unpledged and repledged .

The new system entails that security would now reside in clients dmat account, so you can transfer it from your pledged pool and immediately shift it TMCM account of the client . All the new pledge action can after the cutoff date can follow the new procedure.

By adopting unpledging and repledging process lacs of Rs would be moped from investor as they would be required pay pledging charges two times.

This certainly would make investors poorer by this amount.

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