In view of ongoing compliances, providing Credit on BTST trades is leading to lot of unwanted short-margin penalties in trading for many clients (unknowingly clients are using the BTST sell credit on T+1 for trading in different segments and their margins are being reported short and penalties are being levied) .
We at SAS Online will be disallowing credit on BTST trades i,e any stock purchased on T day if sold on T+1 client will receive Zero credit on T+1 day, further full amount of sale value will be available from next trading day.
Further, this is not applicable for shares which have been shifted by exchange to T+1 settlement where full sell credit will be given on the same day.
No Credit on BTST Trades w.e.f 17th June 2022
15 June 2022
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