Comment on Understanding the new margin pledge system — effective Aug 1, 2020
commented on
01 Jun 2021, 10:04 AM
It’s same across all broker’s as for now expect few……a broker can’t use client money for other’s because the share will not leave your account. I don’t from where will u gte this information.
When you pledge,ur shares will sit in ur account only and they use there internal funds to or there own money to give you money. U can’t pledge it to banks or nbfc to get money,they they use there own money and shares don’t leave ur account what’s the use of giving money to others….u should exit stock market of u can’t understand the rules. When u unpledge u need to unpledge in clearing corporation,then broker. As new trader I can pretty understand the rules