GTT Order Terms & Conditions

These terms and conditions govern the GTT order feature offered by INDstocks Private Limited (Formerly known as INDmoney Private Limited) (“Company”), a company incorporated under the Companies Act 2013 with its registered office at 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector - 65 Gurugram, Haryana- 122005 India which offers its services & product through its website and mobile application (“INDmoney Platform”) under the name and style of INDstocks (“INDstocks”).

All GTT orders shall conform to and be liable to the Bye-laws, Rules and Regulations of the Exchange and the guidelines of the regulatory authority and be subject to the Rights and Obligations, the risks set out in the Risk Disclosure Documents and all the other terms and conditions relating to securities transactions forming part of the KYC documents executed by you.

Please read the terms and conditions as contained herein-below carefully and thoroughly, prior to proceeding further with setting-up of GTT Order. By proceeding ahead, Customers hereby agree and accept to be bound by these T&Cs.

Definitions
1. The Basket Orders feature is available to all Clients who have an active F&O account with the Company.
2. ‘Good till trigger’ or ‘GTT orders’ feature: shall be under cl. 2
3. ‘Limit Order’ shall be defined as per the NSE “Order Conditions” which can be found here: https://www.nseindia.com/products/content/equities/equities/trading_system.htm. As per NSE, a Limit Order shall mean “an order that allows the price to be specified while entering the order into the system.
4. ‘Last Traded Price or LTP’ is the last traded price at which a stock/scrip was traded on the Exchange.
5. ‘Risk Management System or RMS’ is the system in place at Company which monitors all positions of Company’s Customer(s) on a real-time basis and ensure that Customer(s) maintain margins with respect to all positions/positional trades & that Company maintains margins at a broker / trading member level with the clearing corporation. The RMS also constantly vets each order, on a pre-trade basis, to ensure the order is as per Company’s risk management policies and procedures and at the same ensuring client has sufficient cash balances, holdings and as per the rules set by Company and the Exchanges. The RMS continuously enforces Company’s terms, policies & procedures by enforcing limits of margins / squaring off positions with respect to each Client, as per the risk management policies followed by Company. Customer(s) are required to always be updated with Company’s risk management policies, terms, and procedures.
6. Trigger Condition(s)’ shall mean the criteria and conditions entered by the Customer, which if met, the corresponding limit order entered by the Client will be placed on the respective Exchange. The below set of conditions, not being limited to, are required to be selected by the Client:
  - A Trigger Price;
  - A Limit Price: the price selected by the Customer, which places a limit order at the price selected by the Customer after the Trigger Price is met or breached.
7. ‘Trigger Price’ shall mean the price entered by the Customer to trigger an order and place it on the Exchange while using the ‘GTT order’ feature. The price selected by the Customer may either be:
  - The price used to trigger a buy order in case it is being placed for stock/scrips that are not in Customer’s current existing holdings;
  - The price used to trigger a target order / stop-loss order in case it is being placed at a higher price than the current market price, for stock/scrips that are already existing in Client’s current holdings;
  - The price used to trigger a stop-loss order / target order in case it is being placed at a lower price than the current market price, for stock/scrips that are already existing in Client’s current holdings.
GTT is a feature which allows Customer to set a certain price threshold; such that, once the conditions as per the price threshold set by Customer is / are met, the order will be placed on the Exchanges. ‘GTT order’ is allowed on the Equity cash segment and Futures & Options segments on NSE, BSE.
At the time of trigger of a GTT order, Customer are required to maintain sufficient cash balance & sufficient quantity of holdings / positions of the respective scrip in Customer’s trading account as per the order details, so as to ensure that all GTT may be successfully triggered, as per the conditions / price threshold set by the Customer. In case there is insufficient cash balance or insufficient quantity of holdings / positions with respect to the GTT order at any point in time, in Customer’s trading and/or demat account, the GTT order may be cancelled / failed at the sole discretion of Company and the Company’s Risk Management System (RMS) and the same shall be displayed to the user on the app/website.
The trigger set on GTT is valid only once, if the order is placed and is not executed for any reason, the GTT order has to be replaced again.
Notwithstanding anything mentioned to the contrary in this document, Company shall at its sole discretion have the right to reject, cancel, execute or not place the orders even if Trigger Conditions as per GTT orders are met, in the below mentioned market timings / conditions:
1. In case the Trigger Price is breached during any day (which may be caused due to a gap up or gap down opening at market opening), an order shall be placed at the limit price selected by Client and shall be cancelled at the end of such trading session; in case such limit price is not met during the day;
2. In case the minimum difference between Trigger Price selected and the Last Traded Price (LTP) at that point of time, is not as per Trigger Price condition;
3. All GTT orders are cancelled after 365 days for equity and on expiry date for F&O delivery in case they are not triggered as per the trigger conditions
4. In case there is a change in exchange series or any corporate action, such as; splits, bonuses, dividends of extraordinary nature (above 5% of market price), merger, reverse mergers, amalgamations, takeover, delisting, rights issue, etc. where there is a significant impact / change in the scrip price, the GTT orders may be cancelled at the sole discretion of Company, 1 day prior to the ex-date of such corporate action effect taking place on the stock price. The action of cancelling such an order request through the GTT order shall be at the sole discretion of Company and Company RMS;
5. Order requests being placed using GTT order feature, once the trigger price is breached and such limit price selected is outside the circuit limits of the particular scrip.
6. Scrips falling under the Call Auction list by NSE are not to be used under the GTT order feature.
A GTT order is a trigger which is valid for only one time, after the order is placed. In case the order is placed due to the condition being met or for any other reason on any particular day, but if the order is not executed on the same day, such GTT orders will be required to be placed once again.
GTT order triggered for a derivative contract, when the order is placed outside the contract's execution range, it may be cancelled by the Exchange. For abundant clarity, it is expressly stated that any cost incurred due to such cancellation of an order placed outside the execution range, is liable to be paid by the Customer.
If a GTT is triggered for an option contract that isn't permitted for trading by Company, the order may be rejected.
If Customer had placed a GTT order to sell securities held in DEMAT account, then Customer must authorize the holdings using CDSL TPIN. If holdings are not authorised, or its validity has expired, a GTT order for sale of securities held in your DEMAT account will be rejected once triggered.
The onus of checking for a pending GTT order for a scrip before placing any new order(s) for the same scrip from the order window, positions page, solely rests on the Customer and Company assumes no responsibility in any manner whatsoever.
The GTT order feature does not assure execution of an order and includes / involves all risks with respect to Internet Based Trading, and risks with respect to trading will extend to trading using the GTT orders features as well. When using GTT order with specified price, there is no guaranteed execution as the last traded price could have changed when the order is placed post trigger.
GTT orders will be triggered after being matched for the condition set with the last traded price received from the exchange during a live trading session. In case the Trigger Price is breached anytime during the day (which may be caused due to a gap up or gap down opening at market opening), an order shall be placed at the limit price selected by Customer and shall be cancelled at the end of such trading session; in case such limit price is not met during the day.
Customers are advised to regularly read and remain updated with the terms, conditions, Risk Disclosure Document, Policies & Procedures which Clients have already agreed to, while opening a trading account with Company.
All prices entered by Customer for Trigger Price shall be tracked against the Last Traded Price (LTP) of the stock/scrip/contract.
COMPANY, AT ALL TIMES, BEARS NO LIABILITY TOWARDS THE CUSTOMERS FOR ANY REASON WHATSOEVER WITH RESPECT TO USING THE ‘GTT ORDER’ FEATURE; INCLUDING BUT NOT LIMITED TO, NON-EXECUTION OF ANY ORDER USING THE ‘GTT ORDER’ FEATURE / EITHER LEG OF THE ORDER, ANY OPPORTUNITY LOSS FOR NON-EXECUTION OF SUCH ORDERS / TRADES, ANY CANCELLATION OR NON-PLACEMENT OF ANY ORDERS AND ANY SUCH OTHER CLAIMS WHICH MAY ARISE FROM CUSTOMERS WITH RESPECT TO USING THE ‘GTT ORDER’ FEATURE.
Customer acknowledge and agree that, Company reserves the right to modify, amend, change, or replace these terms and conditions and/or complete withdraw the feature, without prior notice.