I forgot to approve the MTF before 7PM

General
1

@Ushnota
What to do now, please help.

2

Hi @athma_prathisti,

If you do not authorise your MTF trades before 7PM on the same day, they will be converted into Delivery trades at the end of the next trading day. These will start reflecting under your Holdings from T+1 day. In case you do not have sufficient funds after MTF positions are converted to delivery, we will have to recover the amount by selling your converted holdings by T+2 days.

3

@Ushnota
oh ok Thanks for the prompt response. So that means it will be sold on Tuesday.
Is there a chance I can convert it again into MTF.

4

Not sold, the shares will go into your account. Let me know if youā€™ve any more doubts.

5

@Ushnota
No I mean currently all my funds are utilized i do not have enough funds to cover this position as CNC so it will sold on tuesday right, so instead of that can i convert that back to MTF.

6

As mentioned before, in case you do not have sufficient funds after MTF positions are converted to delivery, we recover the amount by selling your converted holdings by T+2 days.

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