- CNC - Cash and Carry
Cash N Carry (CNC) is the most conservative product where investor needs to block the entire amount of required funds at the time of order placement. It is suitable for long-term investors.
In simple words, if you intend to buy shares worth Rs.10,000, then you should have the entire amount of Rs.10,000 in your Trading Account and similarly, if you wish to sell 100 shares, all those 100 shares should be available in your demat account.
How CASH N CARRY WORKS -
- Buy stocks based on clear ledger balance and sale proceeds of the day i.e. "Available Delivery Limits"
- Limits get enhanced immediately with the value of sell trade.
- Sell stocks available in DP holdings
- Convert your delivery product CNC to intraday product (MIS)
- Hold stocks till you get your desired profit, can be used as collateral for limits
- Take your time to make a decision and reduce the risk of losses
- Take advantage of company benefits like dividends, split of stocks, bonus, etc.
- Regular – (MIS - Margin Intraday Square off)
MIS is an intra-day transaction product wherein you can take leverage up to 5 times on your existing margins. Your margins in this case will include your ledger balances, funds allocated and collateral value after haircut. All positions taken in MIS needs to be squared off before 3:00 P.M., else YSL will square off the open positions.
If you want to convert your position into delivery you can do so before 3:00 P.M. provided there are sufficient funds in your account.
Example: Stock ABC is quoting at INR 350 and you wish to buy 100 shares. The total transaction value is INR 35, 000/- in order to buy the stock in intraday the required margin is (let’s say) 20% then you need to pay only INR 7,000/- to take the position in MIS
- CO - Cover Order
Cover Order is a unique intraday product which helps one take super leverage of 10 times and above on your margins for intra-day trading along with a compulsory stop loss order. Your margins in this case will include your ledger balances, funds allocated and collateral value after haircut.
There are 2 orders which are placed simultaneously; 1st order will be at market rate and 2nd leg will be stop loss market order which would get triggered at the specified stop loss trigger price. Once the order is placed you can only modify the stop loss price as per the specified range. If the trigger price is activated, the stop loss order gets executed as a market order. You can square off your open position before 3:00 P.M. by selecting “Exit CO”, else YSL will square off the open positions.
You place a Buy cover order for 100 XYZ Shares. In this order 1st leg will be a market order and will get executed at market price (let’s say INR 900). The 2nd leg order will be stop loss market order where you have to enter only the trigger price which would be within Trigger Range as is shown in the order screen.
- Bracket Order
Bracket Order is type of order where you can enter a new position along with a Book Profit (SELL) means profit taking and Trigger Price(SELL) means stop loss.
You can initiate Bracket orders using ‘Limit’ or 'Market' order. As soon as the main order is executed the system will place two more orders (profit taking and stop loss). When one of the two orders (profit taking or stop loss) gets executed, the other order will get cancelled automatically.
Bracket orders can be used only for intraday trades. All bracket orders will be squared off automatically at predefined time basis YSL RMS policy time to time after 3:00 pm.
Bracket orders are allowed on selective BSE/NSE stocks, F&O contracts