Migration from old pledge to the new pledge mechanism

@Nakul @siva-reddy @nithin

Hai , in Kite holding page , i cannot view full holding like console , because if i pledge the stock its can disappear from holding in kite , remaining those i did in pledge its appearing in kite holding page ,
its no use to see like this in kite holding pge

please let show the full holding like console in kite holding tab , if its pledge just mark the pledge qty like console , otherwise its not useful to see a kite holding

Currently it is not possible to see pledged holding on kite, but to add this is in our list of things to do but will take more time.

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are you sure we need 90% in liquid or cash equivalent against 50% which was stated earlier. I’ve pledged idfc banking & psu fund so @siva-reddy @ShubhS9 …do i need to maintain 90% in cash equivalent?

Nakul above was referring to Corporate Bonds. You don’t have to maintain 90% in cash equivalent.

@Nakul The Money Market Funds (INF204K01ZP3, INF846K01Q62) got pledged, however, the pledged collateral from the two are showing up under the Equity Collateral component and not Cash Equivalent Collateral. Also one of the SGB’s pledged is coming under the Equity Collateral and not the Cash Equivalent collateral.
Would be glad if you could get this checked.
Thanks

Hi @bshubhranshu, you can raise a ticket here, team will get this checked.

When are the new pledge requests in console processed on working and non-working days?

Pledge requests are processed on working days in two batches at 2 PM and 5 PM, once processed you will receive link to authorise pledge from CDSL, which you will have to do so by 7 PM. You can read more here.

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Hi
Can we sell pledged shares and mutual funds without un-pledging, like some of the other brokers are allowing to do so by auto un-pledge the shares? As it is really helpful to exit when SL is hit or in case of adverse price movement. Gives us the flexibility also to pledge all the shares and mutual funds to get margin and make best use of the funds.

@ShubhS9 @VenuMadhav @nithin
Could you please throw some light on this? Thanks

Currently it is not possible but we are working on this.

hello @siva-reddy

According to your pledge list here https://docs.google.com/spreadsheets/d/1vRI4NKpJ-3mnOWxUhSRMSQD5txy8QNumzSQrdfGKyL0/edit#gid=0

It shows that FSL is giving 0 margin for pledge position! So, is it true or is it a mistake?

Please confirm!

Will it provide pledge margin in future coming days?

It’s not a mistake. The list of stocks and the haircuts to apply thereon are decided by the Exchanges, they are subject to changes. If the haircut of a stock gets changed to 100%, it means you won’t get any margins even if you pledged. The 100% haircut could have been applied recently.

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Is there an ETA for this?
ability to sell pledged shares right away without having to unpledge.

No exact ETA, may take couple of more months.

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@Nakul sir, I want to pledge sbi magnum gilt fund. But option is not there. It is in eligible list to pledge(Google sheet)IMG_20210420_094853

The clearing corporation has currently allowed only the regular plan of this fund to be pledged. Since you are holding the direct plan units, you aren’t getting the pledge option for this. We’re already in touch with the clearing corporation to accept the units of direct plans too as collateral margin.

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@Nakul @siva-reddy @ShubhS9

Hi,

I had raised a MF pledge request around 9am today but have still not got the email from CDSL to confirm the pledge.
Is the confirmation of the pledge something only specific to equity stocks?
Currently In console it is showing as pending qty to pledge, is there some action needed from my end or will it automatically happen by tomorrow?

This is my ID (OZ2228) In case you need it.

There are a few pledge requests pending to be processed at CDSL. You should get the message to approve the pledge in a short while.

Thanks for the blazing fast reply.
One more follow on question, I know this margin would be available tomorrow but would it be around 9am or noon or EOD?

Doing it for the 1st time hence so many question.
Thanks