How to convert an E-margin position to Delivery?

Yes, you can partially convert your E-Margin position to delivery however, on T day, if you need to convert an E-margin trade to delivery; the quantity should to be equal to the executed quantity at trade level.

For example, you placed a buy order for 100 INFOSYS shares. The order got executed in parts: 40, 30, 20, and 10 shares with four trade reference numbers. Now, if you wish to convert this trade to delivery, you can do so based on the quantity in each trade reference number. Now if you try to convert 50 shares on 'T' to delivery in one go, system would not allow you to do so.

From T+1 Day to T+240 Days , you can convert E-Margin Open Positions to delivery as per your requirement.

Please find below the process on how to convert an E-Margin position to delivery on the Swift Trade platform

Please Note: Before you begin the process to convert the position/s to delivery, you need to transfer funds in your trading account, this is applicable to 3-in-1 accounts also; currently the system doesn’t automatically pull funds from your linked bank account.

Step 1: Click Here to login to your account, click on ‘SWIFT TRADE’ and then select ‘Equity’

Step 2: Select ‘Open Position’ under the ‘REPORTS’ column

Step 3: Click on the ‘Convert to Delivery’ link under the ‘Convert to Delivery’ column

Step 4: Enter the desired quantity you wish to convert and then click on the ‘OK’ tab

Step 5: The stcok will be removed from the 'Open Position' screen

Click Here to download a PDF document on the above process.

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