Cycle time for pledging

Zerodha Zerodha platforms
1

Hi @nithin sir

Wanted to know whether Zerodha is working on to reduce the cycle time of pledge/unpledge of shares and mutual.

Since some broker in the industries - pledge and unpledge cycle time is around 15 mins.

Thanks

2

@MohammedFaisal ?

3

Sorry, this thread got missed, updating our efforts on the time for pledging and unpledging.

Pledging- We are migrating our system to an instant API offered by the depository. This will ensure you can authorise the pledge immediately unlike today where you have to wait till 4 PM to authorise and might miss authorising. This will ensure that you receive collateral margin on the next trading day for all pledges made before 6 PM. This should be ready in the next 2 weeks.

Unpledging- We already allow unpledge and sale of securities for all non-cash equivalent securities, we are working on allowing unpledge and sale of cash equivalent securities soon. I will share an ETA on this soon.

4

Is this already implemented?

5

Not yet, Anil.
This is in the last leg of testing and will get implemented soon.

1 Like
6

@MohammedFaisal
Is this out yet? It’s been a while.
I work at a product based company and we provide services to millions of our clients. Do you realise how much of your customer base you are losing by not being able to dish out features that are available across all of your competitor apps?
@nithin

1 Like
7

Hi @Akshansh_Thakur,

We will roll this out before the end of the month. There were some unexpected blockers which took longer to resolve.

1 Like