What is Quarterly Settlement of Funds & Securities?
Quarterly Settlement is an exchange compliance (Exchange Circular: MIRSD/SE/Cir-19/2009 dated 03.12.2009) where un-utilized funds and securities in clients account have to be transferred to the client and account needs to be "settled" once in a period of 90 days.
Criterion For Settlement:
# Also as per exchange circular account is auto - settled without the need for transfer of funds / securities to client account if on any given day.
(a) If intraday /delivery turnover in cash segment is more than or equal to total funds & securities.
(b) Min. 50% of total margin deposited (cash + collateral) is used by outstanding FO position.
Points to be noted:
## Clients securities pledged with SAS Online under Margin Plus also need to be settled so they need to be un-pledged and transferred back to clients demat account mapped with SAS Online. They need to be re-pledged for availing margin benefit.