What happens when I don't square off my short position?
In case your Intraday Equity short position is not squared off due to the absence of buyers or failed due to any reasons. This will be considered as short delivery, which means the seller of the shares has defaulted on the settlement of shares hence the exchange participates in the auction market on T+1 day.
The exchange holds an auction for the same quantity of shares & delivers it to the buyer.
The settlement of the auction shall be done on T+2 days (where T is the transaction day, holidays are not included).
Short delivery can happen in stocks with less liquidity or if an Intraday Equity position hasn’t been squared off in some circumstances. As a result, appropriate margins would be blocked in your account. The blocked amount will be released once the auction settlement process is completed on T+2.
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How to square off from the net position window?
To square off the open position: - Step-1 ➖ Hover to "Trade" from the top menu bar. Step-2 ➖ Click "Net Position", you can either "square-off" a position or bulk square-off selected/all positions.
How can I square off my position on Infinn mobile?
To Square off your position, go to the "Portfolio" tab. Click on the open position you want to square off, you'll be given 3 options to select including the "SquareOff" option, simply click on it to close your position.
What is Short selling?
Short selling is the selling of a stock that the seller doesn't own. More specifically, a short sale is the sale of a security that isn't owned by the seller, but that is promised to be delivered. Short selling is an investment or trading strategy ...
How to square off bulk positions in a single click?
Currently, this facility is available in Infinn Desktop only. You need to select all positions and click on the bulk square off in the Net Position option.
When should the client need to square off to avoid physical delivery in all segments?
You can square off your FNO positions before market close on expiry day. In MCX you need to square off your positions one day before the Tender Period T-5. You can check the Tender period of all commodities from the MCX website.