Unpaid Securities Policy
Policy for Handling Unpaid Securities
In accordance with SEBI regulations, Tradflow follows the below framework for securities purchased by clients where payment is not made by the pay-in deadline:
Pledge Creation
Unpaid securities will be credited to your demat account and automatically pledged in favour of the Client Unpaid Securities Pledgee Account (CUSPA) of Shri Krishna Share Brokers Pvt. Ltd. (Tradflow).
Payment Timeline
You are required to make full payment within five (5) trading days from the payout date.
Notification
We will notify you via email/SMS about the outstanding obligation and the potential sale of securities if payment is not received.
Action on Default
If payment is not received within the timeline, we may invoke the pledge and sell the securities in the market using your Unique Client Code (UCC) after providing reasonable notice. Any surplus funds will be credited back to your ledger.
Auto-Release
If Tradflow neither invokes nor releases the pledge within five trading days from the payout date, the depository will automatically release the pledge at the end of the sixth trading day after payout, and the securities will become free in your demat account.
No Fresh Exposure
These pledged securities cannot be used to give you fresh trading limits.
For the complete policy document, please contact compliance@tradflow.com.
