Background

In accordance with NSE Circular NSE/INSP/62528 dated 21 June 2024 and BSE Circular 20240622-2 dated 22 June 2024 regarding "Policy on Handling of Good Till Cancelled Orders", Yoke Securities Ltd (YSL) has established this policy for managing Good Till Cancelled (GTC), Good Till Triggered (GTT), Good Till Date (GTD), and similar order types offered to clients.

Scope

This policy includes the following provisions:

• Detailed description of GTC/GTT/GTD orders including validity parameters.
• Procedures for handling such orders during corporate actions including cancellations, price resets and retention of unexecuted orders.
• Timeline for notifying clients regarding corporate actions affecting unexecuted orders, not later than one day before the ex-date.

Good Till Date (GTD) Orders

1. YSL allows eligible clients to place Good Till Date (GTD) orders.
2. GTD orders enable clients to place buy and sell limit orders in eligible products with a client-selected validity date, subject to YSL's maximum permitted validity.
3. Available to existing and new clients eligible to trade in Equity Cash and Derivative segments.
4. Applicable only to:
   • Equity Cash
   • Index Futures
   • Index Options
   Not available for Margin, Spot or other products unless introduced later by YSL.
5. Disclosed quantity is permitted for eligible cash orders.
6. GTD orders must be Limit Orders. Market Orders are not permitted.
7. If partially executed, YSL may continue placing fresh orders for the remaining quantity until execution or expiry. Clients should monitor their orders. YSL shall not be responsible for cancelled partially executed GTD orders.
8. GTD orders may be placed during the pre-open session. Orders for non-enabled securities will be treated as overnight orders.
9. Clients must maintain sufficient funds or margins throughout the validity period.
10. The Order Validity Date must not exceed the maximum date permitted by YSL.
11. If the validity date falls on a non-trading day, the order expires on the previous trading day.
12. During the validity period, YSL will continue processing unexecuted quantities until fully executed, cancelled, rejected or expired.
13. Available for eligible securities on NSE and BSE excluding debt securities, NCDs, bonds and illiquid securities.
14. GTD orders may be placed during market hours as well as after market hours.
15. Orders can also be placed through Call & Trade.
16. Maximum of five GTD orders per scrip and thirty GTD orders across all eligible scrips.
17. Quantity and limit price may be modified while the order is in Ordered or Requested status. Orders in Blocked status can only be cancelled.
18. All GTD orders are subject to cancellation.
19. Brokerage and statutory charges remain the same as regular equity and derivative transactions.
20. Stop-loss orders are also permitted with GTD validity.

Handling of GTD Orders During Corporate Actions

Following any corporate action, GTD orders shall be validated against the Daily Price Range (DPR) issued by the Exchange. Orders outside permissible limits will be marked as GTD Blocked and retried on subsequent trading days. Clients will receive Email and SMS notifications whenever orders are blocked due to insufficient funds, securities, circuit limits or other DPR restrictions.

Client Notification of Corporate Actions

Clients having unexecuted GTD orders will be informed about upcoming corporate actions such as dividends, bonus issues, stock splits and similar events at least one day before the ex-date.

Clients are advised to review and modify or cancel their GTD orders wherever necessary.

Policy Communication

This policy forms part of the Account Opening Form / Kit under "Policy on Handling of Good Till Cancelled Orders of Clients" and is also available on the YSL website.