Proficient Equities Pvt. Ltd. RMS Square-Off Policy

Auto Intraday Square off:

At Proficient, we adhere to a timer-based intraday square-off policy, ensuring that all intraday positions are automatically closed before the market’s closing time as specified below. Any pending orders, unexecuted, or partial orders will be canceled.

For each respective segment, the positions will be squared-off at the most favorable available price. The table provided below outlines the square-off time for each segment, which occur at or after the time mentioned below:

Auto Intraday Positions Squared-off Time:

If Intraday position remains open:

If due to reasons such as connectivity, link or system failure, stock at Lower or Upper circuit i.e. circumstances beyond control, an intraday position is not squared-off, then it will be treated as a carry forward position and any loss or penalty due this will be borne by clients only. RMS reserves the right to liquidate the same on the next trading day as soon as markets open in the absence of required margin.

Mark to Market square-off :

Proficient reserves the right to square-off all intraday positions ( cash as well as derivatives ) and carry forward derivatives trades, where-in MTM crosses 80% and above. The position will be reduced on the best effort basis and the customer will be liable for any losses on square-off. All pending orders of the customer will be canceled. If a customer is creating a buy position in options, then the full payment of the premium shall be blocked.

Proficient provides a limit as per Exchange norms only but Margin shortfall (End of day Margin or Peak Margin) penalty can be imposed in case of sudden volatility in market and margin increase by exchange or Hedge broker by the clients.

For further concerns and queries please reach out to info@proficientgroup.in.