Discontinuation of Credit for Sales for Unsettled & Unpaid Securities
As per an NSE Circular, Monday, 10-Jul-2023 onwards, the funds from selling securities will no longer be used for further trades on the same day. According to the circular, the Credit for Sale (CFS) benefit for further trades will only be allowed after the shares have been earmarked for Early Pay In (EPI). However, it is not possible to initiate EPI during market hours for Unsettled & Unpaid securities. As a result, CFS will be available for trades starting from the next working day.
Please take note of this and trade accordingly.