Position Conversion Guide
1. Delivery to Intraday Conversion
Objective: Convert a delivery
position (held beyond the trading day) into an intraday position (to be squared
off within the same day).
How to Convert:
* On the App:
Login > Stocks > Books > Position > Select the position you want to
convert > Tap Convert > Choose
the quantity > Tap Convert
* On the Website:
Login > Order & Position > Positions > Click the three dots next
to the position > Select Convert
> Choose the quantity > Click Convert
Note: If you are a non-POA (Power of
Attorney) customer, ensure your sell authorization is completed to avoid short
selling issues.
2. Intraday to Delivery Conversion
Objective: Convert an intraday
position (to be closed within the same day) into a delivery position (held
beyond the trading day).
How to Convert:
* On the App:
Login > Stocks > Books > Position > Select the position you want to
convert > Tap Convert > Choose
the quantity > Tap Convert
* On the Website:
Login > Order & Position > Positions > Click the three dots next
to the position > Select Convert >
Choose the quantity > Click Convert
Important:
* Ensure you have sufficient margin for the stock you wish to convert.
* Margin requirements may differ based on the type of position.
* Non-POA customers must complete the sell authorization process to avoid any
conversion issues.