ENCASH - IMPORTANT TERMS AND CONDITIONS

Important Terms and Conditions

About the product

HDFC Securities Limited is offering ENCASH order facility to its Clients in the equity segment and the terms and conditions governing the same are as specified below.

‘ENCASH’ facilitates the customers to get the sale proceeds credited to their bank accounts on trade date. This would be enabled only for Sell transactions and for orders executed in this product the sale proceeds would be credited on the same day as against the normal sell trade & T+1 settlement provided the payin of the securities sold has been successfully completed. The funds will be credited in advance thereby increasing the liquidity for the customer.

The Client needs to be aware of the said T&C

• This Facility shall be offered to the Clients at the sole discretion of HDFC Securities.
• This product is not available to NRI customers.
• HDFC Securities is offering ENCASH order Facility to only for Equity segment. This product is available in both Bombay Stock Exchange (BSE) and National Stock Exchange(NSE)
• Clients having Cash N Carry (CnC) Privilege will be allowed to place ENCASH order.
• Only fresh sell orders shall be allowed to be placed in ENCASH trade.
• ENCASH orders once placed cannot be converted to CnC product.
• ENCASH orders would not be treated as square off orders even if there is buy CNC order for the same scrip during the day.
• Fund limits arising out of sale proceeds of ENCASH trade will not be provided to the customers.
• Order placed in ENCASH, if gets modified by the customer, will be considered as ENCASH order and the customer will be charged accordingly.
• Encash orders can be placed only against securities placed on hold in the DP.
• On bank / clearing holidays this product will not be offered to the customer.
• Client cannot place Off Market order in ENCASH.
• The Sale proceeds will get credited to customer’s bank account on transaction date.
• Funds payout will be only allowed if the security payin for ENCASH trade is successful. If due to unforeseen circumstances the sale shares are not received then ENCASH payout will not happen on T-day.
• Incase there is a Regulatory order to withheld the payout for a certain scrip, and HDFC Securites has made payment to the client against that scrip, HDFC Securities will have the authority pull the money back from the customers account.
• HDFC Securities reserves the right to refuse to offer this Facility to any Client or group of Clients and may withdraw the Facility at any time without prior notice or assigning any reason therefor.
• HDFC Securities shall have the discretion to withdraw the Facility from any exchange as well as provide the Facility on any additional exchange at any time.
• HDFC Securities shall decide upon the list of Securities in which Clients would be permitted to place ENCASH Order.
• Further, even within such list, Clients will be able to place ENCASH Order only in such scrips for which this option is enabled as per the discretion of HDFC Securities.
• The list of Securities would be provided to the Client, upon a request in that behalf being made by the Client to HDFC Securities, within such time as HDFC Securities may deem fit. HDFC Securities may also, at its discretion, display such list on its Website www.hdfcsec.com. Such list of Securities would be subject to change by HDFC Securities from time to time.

Incase Of Any Discrepancy/Issue in placing any order please call your Relationship Mangar Or Call -N -Trade desk on 33553366 ( With Local STD Code )