Policy for Handling Good Till Trigger Orders

Background

In accordance with the exchanges' circulars NSE/INSP/62528 dated June 21, 2024, and 20240622-2 dated June22, 2024, concerning the "Policy on Handling of Good Till Cancelled Orders offered by Members to Clients," trading members who offer “Good Till Cancelled” (GTC) or “Good Till Triggered” (GTT) orders, or similar types, are required to formulate and implement a policy regarding the handling of these orders.

Scope

This policy outlines the following:

• The specifics of Good Till Date, Good Till Triggered, or similar types of orders provided by the member, including the validity period.
• The procedure for managing such orders in the event of corporate actions, including potential cancellation, price adjustments, or retention of unexecuted orders.
• The time line for informing clients about upcoming corporate actions that may affect their unexecuted orders, which should be communicated no later than one day prior to the ex-date of the corporate action.

Details of Good Till Cancelled /Good Till Triggered Orders

Service Provision: Inani Securities Limited enables clients to place “Good Till Trigger” (GTT) orders. Only clients who have accepted the Terms and Conditions (T&C) for GTT orders are eligible to place such orders.

Order Validity: GTT allows clients to set a 364 Days Default Order Validity for their buy and sell limit orders in the Equity segment, including Cash products. If a corporate action such as a bonus, stock split, merger, or consolidation occurs, the order will be cancelled by the system before the ex-date of the corporate action.

Eligibility: All existing and new clients eligible to trade in the Equity segment and who have accepted the T&C can utilize the GTT facility.

Product Coverage: GTT orders are available for Equity Cash & Derivatives only.

Order Requirements: GTT orders must specify a limit price and cannot be placed at market price. Normal brokerage and applicable charges will apply to all GTT orders.

Order Re-execution: If a GTT order is not fully executed, Inani Securities Limited will treat the partially executed order as a triggered order. These orders will not be re-sent by Inani Securities Limited thereafter. Additionally, there will be no partial execution of orders in the event of insufficient funds.

Market Sessions: GTT orders can be placed online only, both during market hours and after market hours, but will be sent to the market during normal trading hours on a daily basis. They are not available through Call N Trade.

Funds/Margins: Clients must ensure that sufficient funds or margins are available for GTT orders.

Handling of GTD Orders in Case of Corporate Actions

On the ex-date of corporate actions, all GTT orders will be automatically cancelled. Clients will be notified of any such cancellations.

Terms and Conditions

Clients must accept the Terms and Conditions associated with the GTT service to be eligible to place GTT orders. By accepting the T&C, clients acknowledge that they can place GTT orders on Equities in the cash product for a specified price until the pre-defined validity date, subject to the conditions outlined in this policy.

Policy Communication

This policy will be included in the Account Opening Form /Kit under the heading "Policy on Handling of Good Till Cancelled Orders of Client" and will be available on the Inani Securities Limited website.

Policy Review

This policy will be reviewed annually to ensure its effectiveness and compliance with relevant regulations.