How can I place a Pay Later order?

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• Where can I see my Pay Later holdings?

  All your MTF (Pay Later) holdings appear under the Current Holdings section. You can place new buy orders or initiate conversions from there.

• How do I activate the Pay Later feature?

  New Users: You can activate Pay Later instantly via the Order Form → Pay Later / Margin section by accepting the terms. Existing Margin Plus Users: Pay Later is already active by default.

• Can I use Pay Later for intraday trading?

  No, Pay Later is specifically designed for delivery-based trades using margin. It is not applicable to intraday orders.

• How does Pay Later help with margin utilization?

  Instead of using only cash, you can leverage your collateral margin (approved stocks pledged as security) to increase your buying power under Pay Later orders.

• How is Pay Later different from regular Delivery trades?

  Delivery Orders: Require 100% cash margin upfront. Pay Later Orders: Let you use collateral margin based on stock-specific leverage, boosting your buying power.