Can I buy stocks using Pay Later (MTF) on a settlement holiday?
Yes, stocks can be bought or sold using Pay Later (MTF) on a
settlement holiday. However, T1 holdings (i.e., BTST holdings) cannot be sold
on a settlement holiday. For example, if Friday is a settlement holiday and you
bought stocks on Thursday using MTF, you won't be able to sell them on Friday.
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What happens to stocks bought using Pay Later (MTF) during corporate actions?
Yes, even if a shareholder has bought the shares using (Pay Later) MTF, the corporate action benefits will still be issued, and the MTF holdings will be automatically updated once the new shares are approved for listing.
Which stocks are eligible for Pay Later (MTF)?
Over 750 stocks are available under Pay Later. You can check a stock’s eligibility for MTF or T+5 directly on the Pay Later screen.
In which scenarios will Pay later (MTF) position be liquidated ?
Pay later (MTF) position can be liquidated in the following scenarios: 1. Margin Call: If the value of your MTF funded position / Non cash pledge collateral value drops significantly, it may trigger a margin call, requiring you to add additional ...
If I buy stocks using Pay Later during the day, can I convert those positions to intraday or delivery on the same day?
No, if the stocks are bought under Pay Later on a particular day, converting the Pay Later position into delivery or intraday on the same day is not possible. In this case, you would need to square off the Pay Later position bought on the same day. ...
Can I place an AMO (After Market Order) order using Pay Later (MTF)?
Yes, AMO orders can be placed using Pay Later; however, only limit orders are allowed for AMO.