There is no separate "convert" step. Your T+5 stock is already in your Holdings from the T+1 settlement day — it just carries a ledger debit (the unpaid amount) and is pledged. To keep it as a Delivery holding, pay off that debit by adding funds (or by selling other holdings); the pledge is then released and the stock is fully yours. There is no "convert to Delivery" button.
Where is my T+5 stock before I pay for it?
From the T+1 settlement day, the stock already sits in your Holdings (in your demat account), pledged against our Client Unpaid Securities Pool Account (CUSPA), with a matching debit in your ledger. The holding is already there — only the debit and the pledge need clearing.
How do I keep the stock?
To keep the stock, clear the ledger debit without selling it:
- Add funds to your account — see How do I add funds to my account?.
- Or sell any other holding to bring your ledger out of debit.
Once the debit is cleared, the pledge is released and the stock becomes a normal Delivery holding with no time limit. It then counts as part of your holdings in that stock and affects your average buy price, just like a normal purchase.
Note: Selling the T+5 stock itself also clears the debit, but that exits the position — you will no longer hold that stock.
What if I don't pay for it?
On the 6th trading day, if the debit is still open, the system automatically squares off the position. The auto square-off can only sell the same T+5 stock, because that is the stock pledged in CUSPA. Within that stock, first-in-first-out (FIFO) accounting applies — if you already held it before, your oldest shares are delivered first. See the T+5 Product article for the full rules.