GUIDE TO ONLINE INVESTING

Guide To On Line Investing

ICICIDirect.com gives investors an opportunity to buy and sell shares online. Registered users can trade in shares listed on the National Stock Exchange (NSE) and which are in the compulsorily demat list. Currently there are 761 stocks which are traded in the demat form. Scrips in the rolling settlement will be traded in the rolling format while those permitted in the normal settlement cycles will be executed under the weekly settlement schedule.

Buying Shares

In order to place a buy order the user has to click on the ‘Buy’. The exchange, stock, symbol and the quantity have to be specified in the provided space. The user has the facility to specify his limit price and a stop-loss trigger price. The user has also the option to disclose only a part of the quantity that he wishes to buy in the market. The user can also specify the product (Cash / Margin) in which he wants to place the buy order. All orders are Good Till Day (GTD) and valid only for the day and will get automatically cancelled at the end of the day if not executed. A confirmation request will appear before the order is transmitted to the exchange.

Selling Shares

To sell shares click on the ‘Sell’. The exchange, scrip, symbol and quantity will have to be specified. As in the case of buying shares, the limit price and a stop-loss trigger price need to be mentioned. A user may disclose only a part of the quantity to be sold. The user can also specify the product (Cash / Margin) in which he wants to place the sell order. All orders are Good Till Day (GTD) and would automatically be cancelled at the end of the day if not executed. A confirmation will be asked before it is transmitted to the exchange.

Order Book

The status of buy/sell orders can be obtained by clicking on the ‘Order Book’. The order book will furnish details of all the buy/sell orders alongwith with the status of each order. The report will be as follows and is updated real-time.

Requested: Order is placed when market is closed

Queued: Order sent to the exchange

Ordered: Exchange has sent an acknowledgement of receipt of order

Executed: Order has been executed

Part executed: Order is part executed

Rejected: Order rejected by the exchange

Cancelled: Order is cancelled

Expired : Orders remaining unexecuted at the end of the day getting expired.

Transaction details against each order can be viewed by clicking on ‘View Transactions’. One can also modify or cancel unexecuted orders by using the order book.

Trade Book

The Trade Book shows the details of the trades executed for you. The details are updated on a real time basis and the latest status can be verified by refreshing the page.

Multiple trades for the same Order Ref. No. to be aggregated and shown as a single entry in the Trade Book. Clicking the Order Ref. No. will show you the details of the trades for that particular Order Reference Number.

It also contains links for settlement obligations of cash and securities for the executed order. The detailed view contains the date and the amount of Cash Pay In / Cash Pay Out debited/credited to your bank account with date and time.

Margin Positions

All margin position (Buy/Sell) created by the user, which are open (yet to be squared off) are displayed on this page along with other relevant details like average buy/sell price, current market price, real time mark to market profit/loss, total margin blocked on each such position, etc.

It also contains the links for actions like adding margin to your open position, converting the open position into Cash segment (for delivery) and to place square off order(s).

Converted To Delivery

All margin position converted to delivery would be reflected on this page for his reference.

Demat Account Balance

On clicking ‘Demat Account Balance’ the stocks in the user’s demat account and the status can be accessed. The balance indicates the number of shares that can be sold. If some shares have already been sold then such quantity will be indicated as blocked and cannot be sold.

The quantity shown in the TIFD (Transfer Instruction For Delivery) column would indicate the quantity that is in the process of being debited from the account on settlement. Please note that no separate instructions need to be issued to the depository participant (DP) for debiting the account in case of a net sell obligation. The shares get automatically debited from the DP account in case of a net sell obligation and credited in the event of a buy obligation.

Cash Projections

Details of the cash balance can be obtained by clicking on ‘Cash Projections’. The status report of the net obligations is available after the settlement. The net amount by which the bank account would be debited in case of a net payable position or the net amount by which the account would be credited in case of a receivable position for the settlement can also be seen. Information on the dates on which such debit or credit will take place and the closing balance after the respective debit or credit will also be displayed. Transaction details for each debit and credit can also be viewed.

Security Projections

Securities projections will give information on the date on which a particular stock will be debited from the DP account in case of a net sell position for the settlement. Similarly, the date on which the stock will get credited to the DP account in case of a net buy position for the settlement is also available.

Modify Allocations

You can increase or decrease the amount set aside for trading from your bank account through the options. You can also view the net withdrawalable for add by allocating or de-allocating.

Limits

‘Limits’ is the amount set aside for trading from the bank account and the amount realised from the sale of shares in cash segment after deducting the amount of purchases in cash segment. The limit increases/decreases once the registered user allocates funds for trading using the "Modify Allocations" screen.

In case of shares sold in Cash segment , the limit increases by the amount receivable and for buy orders in cash segment the appropriate amount will be deducted and hence the limits will be reduced by such an amount. All calculations are executed automatically. However, it is important to specify the exchange and settlement cycle to access the limits.

Limits are appropriately reduced by the applicable margin percentage on the order value while placing the orders in the margin segment. Once the margin position is squared off, the margin amount blocked thereon is released after giving effect to the profit or loss booked on such square off.

On clicking ‘Modify Allocations’ you can allocate funds from the available clear bank balance for trading. Similarly, the amount can also be reduced. Please note that on bank holidays and on weekly off days this facility is not available.

Market Messages

All important broadcast messages received from the National Stock Exchange can be viewed by clicking on the ‘Market messages’ hyperlink.