CNC Stands for Cash-n-Collateral: You can take delivery positions using this product.
Buy transactions will require 100% margins (Cash plus Approved Collateral) and Sell transactions will be allowed based on the Demat holdings available and limits will be enhanced instantly for sale value.
Position Conversion: Use this feature to convert your CNC position to NRML / MIS before specified cut off time subject to availability of required margins.
If CNC positions are taken against collateral, you are required to clear your debit by T+2 day or else Delayed payment Charges (DPC) will be levied from T+2 day onwards. If debits are not cleared by T+6 day, RSL will liquidate the positions anytime on or after T+7 day.
If debits are not cleared by T+6 days, further exposure will not be allowed in that particular exchange effective from T+7 day onwards.
NRML stands for Normal. You can take delivery buy positions in specified stocks (Specified by Reliance Securities Limited on its website from time to time) by paying a minimum margin (ranging 20% to 60% which would vary from stock to stock) and pay the balance within T+2 or not later than T+6 day.
If debits are not cleared by T+6 day, RSL will liquidate the positions anytime on or after T+7 day.
For Example: If your available limits is Rs. 20,000/- you can take exposure up to Rs.80,000/- under NRML. You can make the balance payment within T+2 or not later than T+6 day.
If debits are not cleared by T+2 day, Delayed Payment Charges (DPC) will be levied from T+2 day onwards.
At all times during the NRML term (i.e. T day to T+6 day), you need to maintain minimum margin as required and defined by RSL from time to time.
If debits are not cleared by T+6 days, further exposure will not be allowed in that particular exchange effective from T+7 day onwards.