Dear Community Members,
We are excited to announce the launch of Pay Later, a feature designed to give you flexibility and control over your trading and investment journey. With Pay Later, you can leverage Margin Trading Funding (MTF) and T+5 (CUSPA) facility, enabling you to use your collateral margin for delivery trades.
What’s New and How Does It Impact You?
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Flexible Order Placement: Delivery or Pay Later
● Now: You decide! On the order form, choose whether to place an order as Delivery (cash-and-carry) or Pay Later (leverage using collateral).
● Benefit: Full control over your trades and margins. -
Margin Requirements
● Delivery Orders: Need 100% cash margin upfront — simple and straightforward.
● Pay Later Orders: Margin is calculated based on script leverage. Use your collateral to explore your buying power. Pay Later facility is now available up to a funding of 1 crore. -
Script Eligibility Transparency
● More than 1200+ stocks are available under Pay Later for MTF.
● On the Pay Later screen, you’ll instantly know if a script is eligible for MTF or if it will be booked under the T+5 (Cuspa) Feature along with the exposure. -
Clear Segregation of Ledgers & Margins
● Earlier: Your Equity ledger and MTF ledger were combined, often showing confusing net balances that impacted your trading and payout capabilities.
● Now: Separate ledgers for Equity (cash for trading/investing) and MTF. You can easily see your actual cash available for trading and payouts without confusion. -
No More Auto-Closure
● Previously, MTF positions could automatically close if you added sufficient ledger balance.
● Now, you control when to convert your Pay Later holdings to Delivery through a simple ‘Convert to Delivery’ request in the platform, subject to sufficient funds. -
Manage Your Holdings and Requests Easily
● View all your Pay Later MTF scripts in the Current Holdings section.
● Place to buy orders or convert holdings to delivery.
● Track all your conversion requests in the Request Summary section — processed the same day with margin blocked immediately.
● Partial or full quantity conversions are supported, with one request per script per day.
How to Activate Pay Later?
● New users: Activate instantly from the Order Form >> Pay Later / Margin page by accepting the terms.
● Existing Margin Plus users: Pay Later is already active for you.
What Means for You:
● Control and flexibility in choosing order types.
● Better utilization of your collateral for increased leverage.
● Transparent visibility of your trading and ledger balances.
● Simplified management of your MTF and delivery positions.
● Seamless tracking and conversion of holdings.
We’re confident that Pay Later will help you invest smarter with greater peace of mind.
Happy Trading!
Team 5paisa