Shares as Collateral

Brief detail on Shares as Collateral

What is a Collateral Facility?
Collateral facility means you can give your free/fully paid up shares lying in your Demat Account as collateral and avail margin benefits against them. ...
Tue, 31 May, 2022 at 4:15 PM
What are the benefits of Collateral Facility?
Benefits of Collateral facility is that you don't have to deposit extra cash/credit with Choice, instead you can use your shares as collateral to avai...
Fri, 28 Oct, 2022 at 9:57 AM
Which are the segments in which the benefit of Collateral Facility can be used?
All Cash/Derivatives and MTF segments provide the benefits of Collateral facility.
Tue, 31 May, 2022 at 4:17 PM
In what all segments the benefit of Collateral Facility cannot be used?
Collateral facility can be used to avail margin benefits across all segments.
Tue, 31 May, 2022 at 4:18 PM
How much limit do I get against shares deposited?
You get a limit as per the Market Value of the shares deposited with the applicable haircut on the MV.
Tue, 31 May, 2022 at 4:19 PM
Can I get a Collateral Limit on all shares?
Yes, you can if all the shares are from the Choice approved category list.
Tue, 31 May, 2022 at 4:20 PM
What about MTM, Brokerage and Other Charges; will the same be adjusted against the limits received from collaterals?
No, MTM/Brokerage & Other Charges cannot be settled against limits received from collaterals. Yes, if you decide to sell the Collateral shares to settle...
Tue, 31 May, 2022 at 4:21 PM
Who will receive the benefit for various corporate actions like Bonus, Dividend and Right Issue?
You, as the original shareholder, will receive all the corporate action benefits.
Tue, 31 May, 2022 at 4:22 PM