Comment on ZT-View Holdings

Venu commented on 01 Sep 2016, 02:59 PM

Hi Hassan,

You can’t sell stocks on T-1 day. You can sell them on T+1 day. Such transactions are called BTST transactions. In case you’ve done a BTST transaction, we first check for availability of the Stock in your demat account. If you have the same stock in your demat, then we debit the stocks and DP charges get applied. This is to guarantee settlement of the sell trade and to avoid the risk of auction that comes with doing BTST transactions.
Let me make it clearer with an example:

* Let’s assume you buy 100 shares of Reliance on Monday and sell them on Tuesday. In case you have 100 shares in your demat account from an earlier purchase, we debit such shares and settle your sell transaction in which case DP charges get applied. In case you don’t have any shares of Reliance in your demat account, then no DP charges get applied, but there’s a risk of the sell transaction not getting settled which is explained in this blog:

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