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    General Queries

    What is the purpose of the SPOT product?

    The SPOT product provides a facility whereby clients can sell shares which have been pledged as margin (SAM).

    Here’s how spot orders help:

    Sell Pledged Shares with Spot Sell Pledged Shares without Spot
    Directly Sell Pledged Shares (If limit unused) Place an Unpledge Request (If limit unused) > Shares unpledged on T+1 day > Place Sell Order

    In addition, ICICI Securities (ISEC) also initiates SPOT Sell to liquidate pledged shares for the recovery of client's outstanding obligations.

    What is the deadline to clear outstanding obligations? What is considered an outstanding obligation?