To facilitate clients to take leverage in intraday position in cash & futures, Reliance securities Ltd (RSL) offer "MIS" (Margin Intraday Square-off) product for its clients. Unlike CNC instead of blocking 100% as margin, it only blocks a pre-specified percentage as margin.

Clients can buy and sell specific stocks during the day. Clients need to square off their positions before 3.20pm OR RSL will square-off such open position before market closes. MIS is preferably done for intraday square off positions in cash market.

Margin Intraday Square off is a product that offers approximately 5 times exposure in cash segment, 6.5 times in stock futures and 10 times in index futures.

By default every customer is assigned with MIS product for trading. In case clients want, MIS position can be converted to other product (NRML / CNC) before the specified cut-off subject to availability of required margin.

Client can not take positions in options under Margin Intraday Square-off (MIS) product.

In case of any loss incurred by the client because of Non squaring off or delay in auto square-off due to market conditions, Reliance Securities cannot be held liable for such losses. Further Auto square-off orders will be placed at market order & hence will match with the best price at exchange.