Currently, you must place all SLB orders through offline mode only.
Zerodha currently supports SLB orders only for Series B contracts on NSE. SLB orders on BSE are not supported due to low market liquidity. You can check live prices of eligible securities on NSE.
How to place SLB orders
Create a ticket and include the following details:
- Security: Name of the security you are lending or borrowing
- Rate: Price at which you are lending or borrowing the security
- Quantity: Number of shares you are lending or borrowing
- Series - Expiry month: Contract expiry month
- Select the security if you are placing a lending order
If you need to place orders for multiple securities, attach a Word document or Excel file with your ticket containing the security name, quantity, rate, and series for each order.
Things to keep in mind
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You can place orders between 9:15 AM and 5:00 PM
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You can
verify your orders on the exchange's website.
- You will receive a trade confirmation memo via email to your registered email address on the same day of the trade.
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You can lend and borrow for up to 12 months. Contracts expire on the first Tuesday of the contract month.
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For lenders, shares are debited on the same day when the order is executed, and the lending fee is credited by the end of the day. For borrowers, the borrowed shares will be visible on Kite on T+2 day, and the margins are blocked on the same day of executing the order.
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Borrowers must provide margin against the borrowed shares. The position is marked-to-market daily.
Need help? Please create a ticket.