What will be the STT on such trades?
STT rate as per serial no 4(a) of the table under section 98 of the Finance (no.2) act 2004, pertaining to ‘Sale of Option in Securities. STT payable by the… Read more »
What happens to any shortage in settlement of such trades?
Any shortages in Rights Entitlement shall be directly closed-out at the highest price of Rights Entitlement prevailing across the Exchanges from the day of trading till the T+1 day or… Read more »
Finance & Accounts — What will be transaction charges on this Right’s trading?
The transaction charges for Rights entitlement is Rs. 275/- per crore of gross turnover.
What would be the settlement type for such trades?
Trade to Trade & T+2 Rolling Settlement
What would be the applicable margin for trading Rights?
Applicable margin shall be 100% of Rights Entitlement.
Clearing & Settlement — How would the settlement happen for Rights entitlement?
All clearing members in CM segment shall be eligible for clearing and settlement of Rights Entitlement. Trades executed shall be settled on T+2 basis. Trades executed shall be cleared and… Read more »
How would be base price calculated?
On the first day of the Right Entitlement, the base price would be calculated as (Closing Price of the stock -Right Entitlement price). On every subsequent days the Closing price… Read more »
Which all market sessions would the Right Entitlement be available for trading?
Trading in Rights Entitlement will be permitted in all the Trading Sessions i.e. the pre- open, auction session, continuous trading session, both block deal sessions (morning and afternoon) & post… Read more »
What would be the symbol of the Right Entitlement stock?
The Exchange shall intimate the market pre trading date.