GENERAL/ MISCELLANEOUS CIRCULARS

Policy for Handling Client Unpaid Securities at HDFC Securities Ltd

By TEAM CIRCULAR EXPRESS • 01 Oct 2026
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• This policy outlines the framework for handling unpaid securities where clients have not fully paid the purchase consideration.
• Securities are auto-pledged to the CUSPA account at 150% of the debit balance.
• Clients must clear obligations within four trading days.
• Failure to pay by T+4 results in pledge invocation and liquidation on T+5.
• The policy complies with SEBI circulars and exchange guidelines.
Name of Bank
HDFC Securities Ltd
purpose of issuance
Framework for handling unpaid securities where full funds have not been paid by the client
Most Important Details
Auto-pledge of securities at 150% of debit balance; liquidation on T+5 if payment not cleared within four trading days
is it guidelines or circular or for some action
Policy document
issue for which issued
Handling of client unpaid securities
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