Quarterly Settlement

The Quarterly Settlement screen helps you keep idle cash in your trading accounts, across many accounts and brokers, when your broker’s settlement date comes.

Open it from the menu: Trading → Quarterly Settlement.

What fund settlement is

On fixed dates, your broker must send the unused cash in your trading account back to your bank account. This happens once a month or once a quarter, whichever you chose with your broker. It is often called running account settlement.

Units of an ETF that you hold are not cash, so they are not sent back. Some traders buy a liquid ETF with their idle cash before the settlement date so the money stays in the account, and sell the units when they need the cash again. Whether you do this is your choice.

The screen shows the next settlement date at the top. Buy before the market closes on the Friday.

At the top of the screen

Field	What it does
ETF	The ETF to buy or sell. You can choose LIQUIDCASE or LIQUIDBEES.
Live price	The current price of the selected ETF.
Order type	Limit (the default) or Market.
Limit price	Filled in from the live price, a little above it for a buy and a little below it for a sell, so the order fills. You can change it.
Refresh	Reads every account again.

Buy tab: park the cash

Each row is one trading account.

Column	Meaning
Account	The nickname, with the broker and login id under it.
Available margin	The margin the broker says is available.
Pledged collateral	The value of shares you have pledged for margin.
Incl. collateral	Tick it to add the pledged collateral back into this account’s cash.
Cash that can be parked	Available margin minus pledged collateral (unless you ticked Incl. collateral).
Amount to park (₹)	How much to spend in this account. You can type your own amount.
Units	How many ETF units that amount buys at the price shown.
Status	Messages for this account, and the result after you place the order.

The row at the bottom shows the totals for the accounts you have ticked.

To buy:

1. Choose the ETF and check the price.
2. Set Park % of cash (100 by default). It fills every row’s amount with that share of its cash. You can still change any row’s amount by hand.
3. Tick the accounts you want to buy in.
4. Click Buy, read the summary, then click Yes, place orders.

A little of each amount is kept aside for charges, so the order is not rejected for being a few rupees short.

Pledged collateral

Many brokers count the value of your pledged shares as available margin. Brokers usually do not let that value pay for a delivery buy, so by default the screen leaves it out. Tick Include pledged collateral for all accounts, or Incl. collateral on one row, only if you know your broker allows it.

For a few brokers, the pledged collateral is not reported separately. The row then shows not reported in the Pledged collateral column, and a warning in the Status column that the figure may include pledged shares. Check that account’s cash in your broker’s app before you buy.

Sell tab: get the cash back

When you want the cash back, open the Sell tab. Each row shows the Units held, the Pledged units, their Value, and the Units to sell.

Choose how much to sell in each account:

• All units
• Percentage of the units
• Value (₹) per account

Then tick the accounts, click Sell, read the summary, and click Yes, place orders.

• Pledged units are left out, because they cannot be sold until you unpledge them at your broker.
• Units bought today show here from the next trading day.

After you place orders

These are real orders in each account you ticked, placed as delivery orders. The Status column shows each account’s result. Then check the Orders tab of the Portfolio to confirm that every order was filled.

This screen never places orders on its own. It does not buy before settlement or sell after it unless you click.