At present CBSL offers following products through its portal www.canmoney.in . There are 3 products in the cash segment viz. CNC, IDT and BITSOT. In the derivative segment CBSL offers trading in FNO segment and Currency Derivative segment of NSE. Besides online trading products, CBSL also provides Online subscription facility to the IPOs and Mutual Fund Schemes. Products features detailed below and FAQs will enable the readers to have a clear idea about the products / operations.
- Cash & Carry (CNC) (Delivery)
- Intra Day trading (IDT)
- Buy In Today Sell out Tomorrow (BITSOT)
- Futures and Options (F&O)
- Currency Futures (CDS)
- Online Subscription to Mutual Fund Schemes.
- Online Subscription to IPOs
Cash & Carry (CNC) (Delivery)
Simple cash and Carry product, where in the user will be allowed to Buy a stock only against available cash. The user will be allowed to sell a stock only if the user has marked a hold from his Demat account.
Intra Day trading (IDT)
This product will work on the principle of allowing the customer to Buy or Sell against the available margin (exposure). The margin is calculated based upon a multiplier assigned to the client by CBSL. At the end of each trading session / day, all the outstanding positions will be squared off. The square off will be triggered on time-based call, which will be set globally in the surveillance of the system.
To view list of eligible scrips for IDT Click Here
Buy In Today Sell out Tomorrow (BITSOT)
BITSOT is a facility wherein the customer is able to sell the shares that he has purchased even before he receives the delivery of the shares from the Exchange. He will not have to wait till the time he receives the delivery from the Exchange thus increasing his liquidity. Sale in BITSOT is permitted only on T+1 day (FOR NET BUY POSITION OF PREVIOUS DAY and not on T+2 i.e. pay-in/pay-out date of the Exchange). In other words, BITSOT shall be permitted only up to The day prior to the scheduled payout of shares from the Exchange.
Futures and Options (F&O)
Online trading in F & O made easy against adequate deposit of funds.
Currency Futures And Options (CDS)
Online Trading in Currency Futures and Options, a Standardised Currency Derivative product is offered to all the registered clients.
Online Subscription to MF Schemes
CBSL offers Online subscription to the clients in various schemes of Mutual Funds. The facilities like purchase, additional purchase, redeem, SIP/SWP, Switch is offered online.
Online Subscription to IPOs
CBSL ties up with various Lead Managers to offer Online subscription to Initial Public Offers (IPO) coming to the market. As the facility is offered online, clients need not undergo the paper work involved in applying for the IPOs.
After Market Orders (AMO)
AMO: After Market Orders (AMO) can be placed online by the clients post market closure after the day end process is completed. Such orders are to be limit orders and to be placed after allocating the fund / scrips in favour of the Company.
The Company's day end process will be carried out during 6.00 p.m. to 8 p.m. every day. AMOs will be queuing up in to the Exchange Order system at the start of the next trading session. In case of insufficiency of funds / free stock, the orders will not be forwarded to the Exchange. The success / failure of the order will be notified to the clients only on the next day after commencement of trading hours.