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Year End Process and Trading Holiday on 2nd April 2020.


Posted on 31-Mar-2020 Comments  0

Dear Customer,

Greetings from Tradeplus!

We thank you for your continued patronage and hope you are healthy, safe and indoors.

In view of the Corona virus/COVID-19 pandemic and Country lock down, your diligent support has encouraged us to provide the best trading support in these pandemic situations. Thanks to you!

We wish to notify that, our 2020 year end process will start on April 1, 2020 at 6:00 A.M. and this will be completed on by 12 noon. During the time our back office, Mutual fund and Payment gateway systems will not be accessible or intermittent. Funds payout request placed on April 1st will be processed and debited to your account on April 2nd and you will receive the funds in your bank account on 3rd April since April 2nd is a trading Holiday.

Please note the following:

  • April 1st is a bank holiday and Currency trading holiday. It is also a settlement holiday for the segments of CM,FAQ,CD and Commodity. This means that shares bought today on March 31st cannot be sold on April 1st 2020. Exchange has scheduled multiple settlements on April 07, 2020 for the trading dates of 31/3/2020 &1/04/2020.
  • April, 2, 2020 is Trading Holiday for Equity & Commodity. The exchanges NSE, BSE & MCX has declared trading Holiday on account of - RAMNAVAMI. 
  • F&O weekly expiry for this week is on WEDENSDAY April 1, 2020 instead of Thursday April,             2, 2020. 
  • Currently we are accounting the Derivative segment bills on trade date.  From 1st April 2020, we are changing our accounting of Derivative segment bills to settlement date. This is just intimation and has no implications for you. 

We request you kindly to take note of the above and plan accordingly for your trading requirements.  In case of any clarification, you may please contact us on 044-49427576 or write to us at  support@tradeplusonline.com.

Stay Safe!

Assuring service True To You, Always.

Tradeplus
31/3/2020


 

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