When you sell holdings from your depository account, you receive a credit known as Credit for Sale (CFS). However, this credit cannot be used automatically to initiate new positions on the same trading day. The credit for sale will be available in your account for taking fresh positions from the next trading day (T+1). Here’s an overview of why:

Statutory Guidelines and Margin Requirements:

• Early Payin (ePayin): Sold shares must be provided to the depository for ePayin, and acceptance by the depository is required.
• Allocation: Once the depository accepts the shares, the CFS credit must be allocated to the exchange under your UCC. This allocation ensures adequate upfront margins for positions taken thereafter.

Why Is Credit for Sale not Automatic?

The above processes are currently not automated with our Depository, NSDL. This means CFS cannot be immediately available for taking new positions on the same trading day.

How to Avail Credit for Sale (CFS): 

If you wish to utilize CFS sooner, you can request it by simply raising a ticket and providing details of the stocks sold. The margin will be updated within an hour of receiving your request.