It is essential that you clear the balance outstanding amount (Total Traded Value Less Margin Provided) by T+2 day(i.e trade day + 2 trading days). If you do not clear the entire traded value within T+2 days, your shares will be moved to the Client Unpaid Securities Account (CUSA). The outstanding amount will also incur applicable interest charges.
The regulator has asked the brokers to start separate Client Unpaid Securities Accounts (CUSA), which will hold shares of clients who have not paid for the purchases. Such shares cannot be held for more than seven trading days, after which they have to be sold if the client does not bring in money.
It is essential that you clear the balance outstanding amount (Total Traded Value Less Margin Provided) by T+2 day(i.e trade day + 2 trading days). If you do not clear the entire traded value within T+2 days, your shares will be moved to Client Unpaid Securities Account (CUSA). The outstanding amount will also incur applicable interest charges.