TRADING HELP
Buy / Sell

Account
You can specify any of the demat accounts linked to your E-brokerage account.
For orders in the Cash segment, securities are debited from or credited to this account at the time of settlement.
For orders in the Margin segment, the Demat Account specified is not relevant as margin orders are not identified to any Demat Account.

Exchange
Exchange is the stock exchange to which the order is routed.

Product
You have the option to select "Cash" or "Margin".
Cash Orders are for transactions intended for delivery. In case of Buy orders, 100% of the order value is blocked out of your limit. In case of Sell orders, the securities are blocked in the Demat Account.
Margin Orders are orders intended for square off within the settlement. In case of Margin orders, only a specified % of the order value is blocked out of your limit. However, additional margin might be needed to provide for subsequent Mark to Market losses.
Only select stocks are available for margin trading. The stocks eligible for margin trading and the applicable margin thereon may be checked before placing the order.

Stock
The Stock code is to be specified here. The code can be found by entering three or more characters and clicking on the link for Find Stock Code. All matching stocks are displayed.

Order Type
Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order. The actual transaction can be at a price more favourable than the price specified. This is the same for both NSE and BSE.

Market Orders have different interpretations for both NSE and BSE.
Market Orders in NSE : This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange. Therefore, chances of its getting executed are better. In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price. Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price.

Market Orders in BSE : Explanation

Market Orders can be placed only when the market is open.

Disclosed Quantity
An order with a disclosed quantity condition /attribute allows you to disclose only a part of the order quantity to the market. Disclosed Quantity cannot be less than 10% of the order quantity.

Stop Loss Trigger Price
A Stop Loss order allows you to place an order which gets activated only when the market price of the relevant security reaches or crosses the specified price. The price specified is the Stop Loss Trigger Price. A Stop Loss Order can be placed only with a limit price. Explanation on Stop Loss Order

Segment
The stocks may be settled in Normal Settlement or Rolling Settlement.
In respect of stocks under Normal settlement, all trades for a settlement cycle (at present, a week) are settled on a net basis on specified Pay-In and Pay-Out dates.
In respect of stocks under Rolling Settlement, the trades are settled on a net basis for each day on specified Pay-In and Pay-Out dates.
Read more on Settlement cycles

Cash Pay In Date
This is the date on which the payables (for all transactions of this exchange, segment and settlement number) will be debited to your bank account.

Security Pay In Date
This is the date on which the stocks (for all transactions of this exchange, segment and settlement number) will be transferred from your DP account.

Cash Pay Out Date
This is the date on which the receivables (for all transactions of this exchange, segment and settlement number) will be credited into your bank account.

Security Pay Out Date
This is the date on which the stocks (for all transactions of this exchange, segment and settlement number) will be transferred to your DP account.

For details of failed trades in case of an emergency please fax trade details at 022-6531251 to help us get in touch with you.

 
Basket Order

Placement of Basket Orders:
This screen gives you the facility to place orders in bulk. This is subject to a maximum of 5 orders at a time.

The placement of basket orders follows a two step process

Step 1:

Account:
You can specify any of the demat accounts linked to your E-brokerage account. For orders in the Cash / Spot segment, securities are debited from or credited to this account at the time of settlement.

For orders in the Margin segment, the Demat Account specified is not relevant as margin orders are not identified to any Demat Account.
This Account number is constant for all the orders for a given basket.

Step 2:

Selection / Inputting the order parameters which can be different even within the same basket. These would be:
Exchange
Exchange is the stock exchange to which the order is routed.

Product
You have the option to select "Cash", "Margin" or "Spot". Cash Orders are for transactions intended for delivery. In case of Buy orders, 100% of the order value is blocked out of your limit. In case of Sell orders, the securities are blocked in the Demat Account.

Margin Orders are orders intended for square off within the settlement. In case of Margin orders, only a specified % of the order value is blocked out of your limit. However, additional margin might be needed to provide for subsequent Mark to Market losses.

Only select stocks are available for margin trading. The stocks eligible for margin trading and the applicable margin thereon may be checked before placing the order.

Spot orders is a facility offered by ICICIdirect wherein the customer would receive the funds on his/her sale transaction on the transaction date itself.

Only select stocks are available for Spot. The stocks eligible for Spot Trading may be checked before placing the order.

Stock
The Stock code is to be specified here. The code can be found by entering three or more characters and clicking on the link for Find Stock Code. All matching stocks are displayed.

Order Type (Limit / Market)
Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order. The actual transaction can be at a price more favourable than the price specified. This is the same for both NSE and BSE.

Market Orders have different interpretations for NSE and BSE.
Market Orders in NSE : This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange.
Market Orders in BSE : Explanation.

Disclosed Quantity
An order with a disclosed quantity condition /attribute allows you to disclose only a part of the order quantity to the market. Disclosed Quantity cannot be less than 10% of the order quantity.

Stop Loss Trigger Price
A Stop Loss order allows you to place an order which gets activated only when the market price of the relevant security reaches or crosses the specified price. The price specified is the Stop Loss Trigger Price. A Stop Loss Order can be placed only with a limit price. Explanation on Stop Loss Order

Protection Percentage
This will be applicable only in case of BSE. Explanation on Protection Percentage

Order Verification
On pressing the submit button an order verification screen comes up. This will enable you to verify any order that you have placed. In case you wish to modify any order you can do so by pressing the Modify button. You have to tick the check box for the orders that you have verified and key in the password before pressing the Proceed Button. You can also verify all the orders by pressing the Check All button.

Basket Order Acknowledgement
On doing the Order Verification the status of the order(s) will be displayed to you.

Orders placed through Basket will be specially identified in the Order Book. The message "This is a Basket Order" will appear below the Order Reference Number.

 
Order Book

The page presents the current status and other details of buy/sell orders placed by you. The details are updated on a real-time basis and the latest status can be verified by refreshing the page.

Each order has an Order Ref. No. which is an internal no. assigned by ICICIDirect. For margin orders, the margin amount blocked against the order is shown.

Filters
The orders displayed can be selected on the basis of the following filters :

  • Brokerage Account
  • Stock Code
  • Exchange - at present only NSE
  • Segment - Rolling or Normal
  • Status - one of the following
  • Product - cash order or margin order


Further, orders can be selected either on the basis of :

  • Settlement No. or
  • Date From and Date To

Status
Every order can have one of the following states:

Requested : Order has been accepted but is yet to be sent to the exchange. When orders are placed during non-market hours, they are sent to the exchange when it opens.

Queued : Order has been sent to the exchange - confirmation from the exchange is awaited. This could also be on acccount of a request for modification or cancellation of an order.

Ordered : Order has been accepted by the exchange but a trade is yet to be executed thereagainst. The status for an Order is 'Ordered' even when a modification request has been accepted or rejected or when a cancellation request is rejected. Where a modification request is accepted, the order quantity shows the new quantity.

Executed : Order has been executed to the extent of the full quantity.

Part executed : Order has been executed to the extent of a part of the total order quantity.

Rejected : Order has been rejected by the exchange.

Cancelled : Order has been cancelled.

Expired : Order remained unexecuted by end of day and expired.

Occasionally, there may be some delay in getting a confirmation of the acceptance of an order by the exchange. The fact that the status of the order is still shown as 'Queued' does not mean that the order has not been accepted by the exchange. It is possible that the order might have been accepted by the exchange and executed also. Avoid re-entering the order; otherwise, you may end up placing multiple live orders for the same security. As soon as ICICIDirect receives a confirmation, the status will be updated.

Transaction details against each order can be viewed by clicking on the link 'Executed' or 'Partly Executed' in the 'Status' column. On accepting the order, the exchange assigns the Exchange Ref no. for the order. When trade(s) are executed against the order, each trade is assigned a Trade Ref no. by the exchange.

Unexecuted orders can be modified or cancelled through the link for 'Modify' or 'Cancel' in the column for Status. This is possible only when the status of the order is 'Ordered' or 'Partly Executed'. You are cautioned that the request for modification or cancellation of an order may be rejected by the exchange if the order which is sought to be modified or cancelled is already executed in part or full in the interim.

The order modification log can be viewed by clicking on the link in the column for Order Ref.

 
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.

Filters
The Trades displayed can be selected on the basis of the following filters:

  • Match Account
  • Stock Code
  • Date From
  • Date To
  • Product
  • Exchange
  • Segment
  • Settlement
Further Trades can be selected either on the basis of
  • Settlement No or
  • Date From and Date To
1. All Trades for the same order are shown together. 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.

2. Clicking on the DP ID - DP Client Id will show you the Security projections for that particular selection of exchange, segment and settlement.

3. Clicking the Settlement will show the cash projections for the particular selection of exchange, segment and settlement. This page will also give you the display of the date and the amount of Cash Pay In / Cash Pay Out debited/credited to your bank account with date and time.

4. In case the Stock Code is blank or has been selected as ALL then Net Value to be shown at the bottom of the table.

5. In case the Stock Code has been specified then Action Column shows whether the net result is a Buy or a Sell, the Qty column shows the Net Quantity, the Price Column shows the average price and the Trade value shows the net trade value. The average price is calculated as the Net Trade Value divided by the Net Qty.

6.On clicking on the update portfolio button, all the selected trade's will be updated in the portfolio page. The updation of trade's from the trade book to portfolio can be done only once. In case the customer want's to update his portfolio again from the trade book he will have to write to helpdesk@icicidirect.com.

 
Margin Positions

The page presents details of all your open margin positions.

Open positions are created on execution of margin orders. The open positions are reduced on execution of cover margin orders (A Sell Margin order is a cover order for an open Buy position) or conversion of open positions to delivery.

The positions can be selected for display on the basis of

  • Brokerage Account
  • Exchange
  • Segment
  • Settlement No.
Open quantity indicates the open margin position.

Cover Order Qty. indicates the total quantity of orders placed for squaring off the open position or for taking reverse positions. The cover order quantity is changed only on acceptance of the order by the exchange. (However, when the cover order is modified so as to increase the quantity, the same is reflected immediately, even if the order is still a ' queued ' state.

Average Price indicates the weighted average price at which the open position has been created. On squaring off, the average price is taken to arrive at the profit/loss on the quantity squared off. On converting a margin position to delivery, the average price is taken to arrive at your cash obligations/entitlements on settlement.

The current market price and the profit/loss on the open position, if the position were to be squared off at the current market price, are also displayed.

The amount of margin available against the position in each stock is displayed.

Against each position, there are links for :
  • 'Add Margin': You can allocate additional margins for a position. This is recommended for stocks with high price volatility. This can avoid calls for additional margins, which if not met, can lead to close out of the open positions in the stock.
  • 'Convert to Delivery' : You can convert open positions (in full or part) into delivery. In such cases, the treatment is the same as if it were a position resulting from the execution of a Cash Order. Therefore, in case of a buy position, the requisite amount is blocked from the amount allocated for trading towards payment on settlement and in case of a sale position, the requisite securities are blocked in the Demat Account towards delivery on settlement. The user has to specify the Demat Account in which the securities are to be debited or credited. Further, in case of conversion of a Sell position, where the stock has multiple ISIN No., the user has to specify the ISIN No. against which the debit is made in his Demat Account.
  • 'Square Off'.: The user can square off the open position by placing a cover order. Here, the maximum quantity permitted in the order is the open quantity less the quantity of cover orders already placed and for which exeuction is pending.
Mark to Market

The margin positions are continuously monitored by ICICIDirect.com and once the mark-to-market (MTM) loss exceeds the threshold MTM loss percentage, our system will block additional margin out of the available limit.
The available margin on the stock as per the "Margin Position" table is first reduced by the actual MTM loss amount to arrive at the effective available margin. The effective available margin is then compared with the margin required to continue the position (i.e. Current market price at the applicable margin percentage) and the difference is called for as Additional Margin.

For example, if you have bought 100 shares of XYZ at Rs.100 and the Threshold MTM Loss per cent is 20% and the applicable margin per cent is 35%, the margin blocked will be Rs.3500. Suppose, the current market price is Rs.75 giving a MTM loss of 25%.Since the MTM loss is more than the threshold MTM loss per cent of 20%, hence additional margin is called for. Additional margin is calculated as follows:

(a) Margin available   Rs.3500
(b) Less : MTM Loss (100-75)*100 Rs.2500
(c) Effective available margin (a-b) Rs.1000
(d) Required Margin 75*100*35% Rs.2625
(e) Additional Margin required (d-c) Rs.1625

If the limit is not sufficient to meet the call for additional margins, ICICIDirect may close out the margin position by placing a market square off order.However, before placing the square off order, all pending margin orders in that stock are cancelled by ICICIDirect.

Close-out of open positions at the end of settlement

All open positions should be converted to delivery or squared off by 2:30 p.m. on the last trading day of the settlement. If there are any open margin positions in any stock after the specified time, ICICIDirect, can compulsorily close out the positions.

 
MarginPLUS

  • Fresh Order : Order place for creating Margin Plus positions.

  • Exchange : Exchange is the Stock Exchange to which the order is routed. Since MarginPLUS is allowed only in NSE, it would display NSE by default.

  • Stock : Stock is the stock code which is to be specified here. The code can be found out by entering the first two or three characters of that stock by clicking on the link Find stock Code.

  • Action : Action is to specify if it is buy or sell order. If the fresh order would be a buy order the Cover order would be Sell which would be populated by default in case of cover order.

  • Quanity : Specify the Quantity for which you require to place an order.. Fresh and Cover order quantity would be identical.

  • Order Type : Order type would be a Market order or Limit order. In case of Fresh order it would be compulsorily a Market order. In case of cover Order it would be compulsorily a limit order with a Stop Loss price.

  • Cover Order : Cover order is a Square off order against the Fresh positions created.

  • Limit price : Limit price is the order price in which you specify the Maximum price per share in case of buy and a minimum price per share in case of sell. It has to be in multiples of .05 paise tick.

  • Stop Loss Trigger Price : Stop Loss trigger price gets activated and allows you to place the order when the Market price reaches the Stop Loss price placed for the relevant security.

 
Converted To Delivery

The page gives details of all conversions of open margin positions to delivery.

The conversions can be selected for display on the basis of

  • Brokerage Account
  • Exchange
  • Segment and
  • Settlement No.

 
Cash Projections

The page gives details of date-wise net future cash inflows/outflows due to/from you and the resultant balances.

All transactions executed on your account are aggregated for each settlement to arrive at the net amount receivable by or payable from you for that settlement. This amount is credited or debited to your bank account on the date specified as the Cash pay-in/pay-out date for the settlement. Cash Projection gives the amounts of such debits and credits, the dates on which such debit or credit will take place and the closing balance after the respective debit or credit. For each such debit or credit, details of all transactions relating to the amount can be viewed by clicking on 'View Transactions'.

 
Security Projections

The page gives details of date-wise net future security inflows/outflows due to/from you and the resultant balances.

All transactions executed on your account for each stock are aggregated for each settlement to arrive at the net quantity of the stock receivable by or payable to you for that settlement. This quantity is credited (in case of a net buy position) or debited (in case of a net sell position) to your Demat Account on the date specified as the Securities pay-in/pay-out date for clients for the settlement. Security Projections provides the quantity of such debits and credits for each stock and the dates on which such debit or credit will take place. Details of all transactions relating to that particular stock can be viewed by clicking on the link 'Stock'.

You can place a Buy Today Sell Tomorrow® (BTST®) order against a buy position through the Security Projections page by using the hyperlink "BTST® Sell". The Security Projections also gives the following additional information.

  • Weighted Average Price : This will show the weighted average price of that particular position
  • Maximum Sell Quantity Permitted : This is the maximum quantity allowed to be sold in BTST® for that particular position.
  • Blocked Quantity : On successful order placement the order quantity is shown in the blocked quantity of the Security Projections.
  • Available quantity. The available quantity is the Maximum order quantity allowed to be placed after considering the BTST® orders already placed. This is equal to :

Available Quantity = Maximum Sell Quantity Permitted - Blocked Quantity

For stocks which are not permitted to be traded in BTST® the columns of Maximum Sell Qty permitted, Blocked Qty and Available Qty show NA and the BTST® Sell Hyperlink does not appear in the Security Projections.

Sale in BTST® is permitted only till on T+1 and T+2 days (and not on T+3 i.e. pay-in/pay-out date of the Exchange). In order words, BTST® shall be permitted only up to the day prior to the scheduled payout of shares from the Exchange.

 
Limits

'Limit indicates the trading power of the user.'

  • Buy orders
    • In the Cash segment, 100% of the estimated deal value of the order is required
    • In the Margin segment, specified % of the estimated deal value of the order is required
  • Sell orders
    • Limit is required to place such orders in the Margin segment only. Here, a specified % of the estimated deal value of the order is required
Limit for any settlement is computed as :

Amount allocated for trade (1)
+ Amount blocked for trade (2)
+/- Settlement Balances (3)
  1. Amount allocated for trade
    This is the amount allocated by you out of your available clear bank balance exclusively for trading. You cannot withdraw this amount from your bank account. Amount allocated can be increased/reduced using ‘Modify Allocation’ screen.

  2. Amount blocked for trade
    On the pay-out date of a particular settlement, all amounts payable to you are credited to your bank account. However, it is possible that a net amount is recoverable from you for other settlements for which the cash pay-in date falls subsequently. In such cases, though the amount for the settlement with the earlier pay-out date is credited to your bank account, a block is placed on the amount to the extent of the net amount recoverable on a subsequent pay-in date. This amount is, therefore, available to ICICIDirect.com on your account.

  3. Settlement Balances
    You can check the trading limit for the current settlement - for which you need to specify the Exchange and the Settlement type– Normal or Rolling.

    You are allowed to utilise settlement balance receivable for the current settlement and for all settlements whose cash-pay out date falls on or earlier than the cash pay-in day for the current settlement. However, if there is any amount payable by you for other settlements whose cash pay-in day falls after the cash pay-in day for the current settlement, the limit is reduced to the extent of the maximum cumulative net amount payable for such settlements.

    The settlement balance is computed as :
    Net Cash Projections

    Net sales proceeds less purchase proceeds of transactions executed in the Cash Segment (including transactions in the margin segment converted to delivery)
    Profit/loss on margin positions squared off


    – Amount blocked against margin positions (as shown in the Margin Positions page)
    – Amount blocked against unexecuted orders
    Against cash orders, 100% of the order value is blocked. Against margin orders, the specified % of the order value is blocked (as shown in the Order Book page).

 
Modify Allocation

The user can further allocate or reduce allocation of funds out of his available clear bank balance exclusively for trading. The user cannot withdraw this amount from his bank account. The limits are enhanced or reduced to the extent additional amount is allocated or reduced from allocation.

Please note that on bank holidays and on weekly off days this facility is not available.

Concept of Block for Trade in your Bank Accounts:

There are two types of blocks placed on your bank account balance.

Block for Allocation

Block for Allocation is a block placed by you using the ‘ Modify Allocations’ screen on the Trading Home Page wherein you can allocate amount from your clear balance for trading.

You can increase the Block for Allocation amount and can also reduce the Block for Allocation provided the same is not used for trading.

Block for Trades

Block for trades is a block, which is placed by our system.

A block for trade is placed by the system if you have been allowed a payable position in future against credit to be received by you earlier.

Please note that you can only reduce the Block for Allocation amount provided there is no uncovered future payable position. You cannot increase or create block for trade since it is placed by our system.

We give below an example to enable you to understand this concept better.

Take for e.g. your bank balance has the following balances:

Total Balance Rs. 10000
Net Withdrawal Balance Rs. 0.00
Block for Allocation Rs. 10000
Block for Trades Rs. 0.00

1) For Settlement No 2000032, you are due to receive Rs. 5000 on Aug 17, 2000

2) For Settlement No 2000033, you are due to pay Rs. 12000 on Aug 19,2000

On Aug 17,2000, when an amount of Rs 5000 for Settlement No 2000032 is credited to your bank account, Rs 2000 will be sent as a Block for Trade by our system and it would get reflected in the Modify Allocation Screen and the Settlement Table on the limits screen. The amount of Rs.5000 will be credited to your net withdrawal balance. However, since Rs.10000 is only available as block for allocation against payable position of Rs.12000, Rs.2000 is blocked for trades.

On Aug 17,2000 your modify allocation screen would display the following:
Total Bank Balance 15000.00
Net Withdrawal Balance 3000.00
Current Allocation 10000.00
Block for trades 2000.00
Please note that you would be able to withdraw only Rs. 3000 since Rs.10000 is blocked against trades and Rs.2000 as block for trades.

On Aug 19, 2000 when an amount of Rs.12000 is debited, Rs.2000 lying as block for trade would be debited first and then Rs.10000 would be debited from the block for allocation.

On Aug 19,2000 your modify allocation screen would display the following:
Total Bank Balance 3000.00
Net Withdrawal Balance 3000.00
Current Allocation 0.00
Block for trades 0.00

It is to be noted that a block for trade would always be debited first followed by block for allocation.

It may so happen that your payable position may cease to exist for which a block for trade was created. This may happen when a buy order gets expired or when you cancel/modify your buy order. In such cases you can reduce the block for trade amount by using the Reduce allocation option.

Following Steps need to be followed to add or reduce allocation:

Add Allocation amount:
Go to Trading Home Page
Click ‘ Modify Allocations’ screen
Click ‘ Add to Allocation’ Option
Insert Amount to be added
Click ‘Submit’.
Reduce Allocation amount:
Go to Trading Home Page
Click ‘ Modify Allocations’ screen
Click ‘Reduce Allocation’ Option
Insert Amount to be reduced
Click ‘Submit’.

Please note that when the reduce allocation option is exercised on the modify allocations screen on the Trading Home Page our system will first reduce the block for trade amount if the same is not required and then the block for allocation amount will be reduced. If the block for trade is required then our system would only reduce the block for allocation amount provided the same is not used for trading

 
Demat Balances

You can see details of the stocks in the demat accounts linked with your E-Brokerage account on this page. The current market value of each of the stocks can also be seen. Each stock has an associated ISIN no. It is possible that a stock is associated with more than one ISIN nos.

Against each stock, the total balance and the available balance is displayed. The available balance indicates the number of shares that can be sold. The available balance is less than the total balance when some shares have been sold. Such quantity is indicated as blocked or under TIFD and cannot be sold. The quantity remains blocked till the Securities Pay-in-date for the Settlement. After that the quantity is shifted to the TIFD (Transfer Instruction For Debit) column which indicates that the quantity 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.

 
My Messages

This page gives messages, which are specific to the customers trading account. Messages giving general information on launch of new products etc. will also be posted under "My Messages".

Filters

The messages displayed can be selected on the basis of the following filters:

  • Date From and Date To
  • Message Type

Date From & Date To: By default Date To will display the system date and the Date From will display the date 15 days prior to the system date. For e.g. if the Date To field displays the date as 23/10/01, the Date To field will display the date 15 days prior i.e. 08/10/01 .

Message Type: Messages can be of two types.

Bulletin Board - These are universal messages which are relevant for all customers.

Personal - These are messages related to a client's individual account only. This information could be short receipt of shares from the exchange, auction close out given by the exchange in a particular settlement, quarterly incentive of brokerage, any other information applicable to the individual client's account only.

Whenever a Personal message/s is sent to customers, a hyperlink "New" will appear next to the "My Messages" hyperlink. However the same would not appear for messages sent under the category Bulletin Board.

In case the "New" hyperlink is visible even after going through the messages over the last 15 days, it would require to filter the Date From field to a previous date (approximately the last time the customer accessed the My Messages hyperlink).