Are interest and pledging charges collected if MTF position is converted to delivery, and delivery is closed intraday?

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1

Are interest and pledging charges collected if stocks bought with MTF are converted to delivery, and they are closed intraday?

@Mohseen_Usmani

2

No, only Intraday trading (buy & Sell) cost will incur in this scenario. @Trader_FT

3

Okay. Thank you.

4

Are interest and pledging charges applicable if a stock is bought with MTF but squared off in the same session?

Are closing a MTF position directly without converting to delivery and closing a MTF position after converting to delivery same or different?

Why is MTF orders conversion not available in web? It is available only in app.

@Mohseen_Usmani

5

Hi @Trader_FT,

  • If an MTF position is squared off on the same day, no interest or pledge charges are applicable, as it is treated as an intraday trade.

  • Closing an MTF position directly vs. converting to delivery and then closing results in the same outcome in terms of charges if done on the same day.

  • The Convert to MTF / Delivery feature is currently available on the app. We’re working on extending this functionality to the web platform as well.

6

So, if a stock is bought using MTF and is closed in the same session without converting to delivery, no charges are collected despite the position shown as MTF in blue color?