Reliance Securities Ltd. (RSL) offers its clients a facility to take a delivery position by paying the required margin in a stock as specified during the day and pay the balance not later than 5 days from the exchange payout day.

Example: If client’s net ledger value is Rs. 20,000 (Cash + Collateral), he can take exposure upto Rs. 80,000 in delivery. Client has to pay the balance by the exchange payout day (T+2) failing which he has to make payment on or before 5 working days from the exchange payout day.

If the client has taken such position, he has to pay anytime between trade day to 5 working days from the exchange payout date. Meanwhile, the client can also sell such securities. In such a case any profit/loss arising out of such transaction, will be posted to client ledger.

In case the client does not pay by the exchange payout day (T+2), RSL will levy ‘delayed payment charges’ from the exchange payout day (T+2 day) onwards.

However, clients have to necessarily maintain the minimum margin requirement. In case client fails to maintain the minimum margin or his margin requirement has been increased by the exchange for any reason RSL will be empowered to square-off such positions. Any loss arising due to such square-off shall be borne by the client.