100% Proceeds of Sale: Now available for trading on the same day!

Product Announcements 🔈
1

Dear Users,

As you must already be aware, the latest NSE circular on Margin Collection & Reporting, permits users to use 100% of the total sale proceeds of free holdings (earlier 80%) for further trades on the same day. We are pleased to inform you that this will come into effect on Dhan starting 15th Oct, 2024.

Let’s understand with an example:

You sold shares worth Rs 1,00,000 today. In the current scenario, you can use only 80% of that value, i.e, Rs 80,000 for further trades. However , the latest regulations allow the entire Early Payin (EPI) value of sold securities without reduction of 20% upfront margin to be available as margin for positions across all segments. Essentially this means that you can use the entire Rs 1,00,000 in the above example to take further positions in the market.

Please take note of this and accordingly take positions.

Thanks,
Pranita
Product @ Dhan

6 Likes
3

Hi @Pranita

Glad to hear this is now available on Dhan.

I wanted to check and confirm that does this work for BTST trades as well and there is no discrimination of types of delivery trades.

4

@PravinJ Can we adjust now the forever order to place the same day instead waiting for next day untill delivery.

3 Likes
5

Hey @mnikhil ,

No, this is not applicable on BTST trades, only on free holdings.

Thanks,
Pranita
Product @ Dhan

6

Ok @Pranita

so what is the situation with BTST trades/quantities? how do you determine they are BTST ? what % of proceeds are available on btst rtades

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Hey @nx.vijay ,

This is in the works, will update you once available.

Thanks,
Pranita

1 Like
8

I think, this label name need to changed… It still shows 80% only.

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1 Like
9

Hey @NaveenSelvaraj ,

Thanks for pointing this out. Will get this updated.

Thanks,
Pranita
Product @ Dhan

10

Hi @Pranita Request you to please fix the forever order placement on the same day for the Delivery and MTF trade. This is last nail left in the forever order as we swing trader for long term don’t want to repeat the SL action next day and if we forget to place the SL forever order, it sometime hits hard back.

11

@Pranita As now 100% sales of credit is happening in same day. Could you please fix the Forever order placement on the same day instead of next day. It is important to place SL order as Buy is triggered otherwise it need to be remembered for the next day.

1 Like
12

Hi @Pranita, Does this credit also apply to buyback of same shares sold earlier during the trading day? Previously Dhan was not permitting buyback of same shares at all.