Capital Trust - T+3 or T+5?

zen · 1 Capital Trust - T+3 or T+5? Thu Oct 06, 2011 9:43 pm

zen

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Can someone tell me whether Capital Trust follow T+3 or T+5? I bought some sure shares on credit but I'm still at a small profit due to the market condition of the past two days. If it's T+3, I would sell tomorrow morning for a small profit or if I could wait a day or two, I should be able to make a larger profit.
Thank you.

marusira · 2 Re: Capital Trust - T+3 or T+5? Thu Oct 06, 2011 9:50 pm

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zen wrote:Can someone tell me whether Capital Trust follow T+3 or T+5? I bought some sure shares on credit but I'm still at a small profit due to the market condition of the past two days. If it's T+3, I would sell tomorrow morning for a small profit or if I could wait a day or two, I should be able to make a larger profit.
Thank you.

pls tell us what the shares you bought.....

Roboticfx · 3 Re: Capital Trust - T+3 or T+5? Thu Oct 06, 2011 9:52 pm

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If your adviser is very friendly with you, tell him to allow an extra day for the clearance. Very Happy

kav4 · 4 Re: Capital Trust - T+3 or T+5? Thu Oct 06, 2011 11:48 pm

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I'm on credit for 200,000/- for more than 10 business days now. they never force saled on me in the past.

NewInvestor · 5 Re: Capital Trust - T+3 or T+5? Fri Oct 07, 2011 9:09 am

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kav4 wrote:I'm on credit for 200,000/- for more than 10 business days now. they never force saled on me in the past.

But there is a penalty involved

zen · 6 Re: Capital Trust - T+3 or T+5? Fri Oct 07, 2011 5:46 pm

zen

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How much is the penalty? This is the third day and I still have them. Lets see how long I can keep them.

2011_NewComer · 7 Re: Capital Trust - T+3 or T+5? Fri Oct 07, 2011 6:00 pm

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zen wrote:How much is the penalty? This is the third day and I still have them. Lets see how long I can keep them.

They charge an annual interest of 24%, calculated based on your outstanding balance each day after T+3. It'll be charged at the end of the month.
Normally they don't force sell if the amount is less than 50% of your PF.

zen · 8 Re: Capital Trust - T+3 or T+5? Sat Oct 08, 2011 9:22 am

zen

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Ah yes I also knew that. For Rs.10,000, it will be Rs.6.57 per day. A little too much but ok nonetheless as you can earn more than that if you use it wisely.