What changes at Jainam's due to direct payout of securities?

What changes at Jainam due to direct payout of securities?

Nothing has changed substantially for Jainam's client due to the new circular about the direct payout of Securities. However, the client should pay attention to below-mentioned points:-

NON- DP CLIENTSFor the clients who have their trading account at  Jainam but their Demat account at any other brokerBuy orders can be placed only against 100% ledger credit.
NON-POA CLIENTSFor the clients who have not enabled POA/DDPIBuy orders can be placed only against 100% ledger credit.
MULTIPLE SETTLEMENTS For the clients who are placing BTST by today's sale proceed.No ledger credit from sales proceeds of securities will be provided.
BTST For the clients who are placing BTST (buy today sale tomorrow) ordersNo ledger credit from sales proceeds of securities will be provided.
MTF PLEDGEFor the clients availing MTF facility.Jainam will complete the process of MTF pledge for all MTF trades.

To understand the circular see, SEBI's guidelines about the Direct payout of the securities.