Samco Securities launches BTPT – Buy Today, Pay In Two days for investors buying stocks

• A FREE of cost 2-day line of credit for Buying Stocks
• Generates huge Savings in Interest for Customers
• Ensures flexibility and efficient utilization of capital for traders and investors
• Generates almost 10x value for customers v/s free delivery propositions

3^rd June, 2020, Mumbai: Samco Securities Limited, one of India’s leading discount stock brokers launched a revolutionary product called BTPT or Buy Today, Pay in Two Days today for investors buying stocks.  BTPT is a facility that allows investors to buy delivery shares today by paying for only an initial margin and pay for the outstanding margin within 2 working days from the date of purchase completely FREE OF COST.

 

“Currently, most brokers insist on paying 100% upfront margins when clients buy stocks for delivery in the cash markets. This is despite the fact that exchanges follow a T+2 settlement cycle where only a part of the margin (usually 20-25%) needs to be settled upfront but the balance (75-80%) can be paid on T+2 days.

 

Once you pay 100% upfront margins for your stock purchases on T Day, investors stand to lose on the accrued interest for 2 days. This interest amount could be huge over a period of time. BTPT enables saving this interest which can be far more than zero brokerage on delivery.” said Jimeet Modi, CEO, Samco Group on the launch.

 

As an example – In case a client wants to buy 2000 shares of a company at Rs. 500 per share on Trading Day, then he/she shall be required to put up approximately Rs. 200000 in margin on T day and the balance Rs. 800000 can be paid by him on T+2 i.e. the settlement day.

 

Illustration of Interest Savings for Customers

 

Date	Current Funding Requirement	Funds Required under BTPT	Additional Amount in Bank	Savings Interest earned @ 4% p.a. for each day
Day 0	10,00,000.00	2,00,000.00	8,00,000.00	87.67
Day 1	–	–	8,00,000.00	87.67
Day 2	–	8,00,000.00	–	–
Total Interest Earned Extra for 2 days with BTPT				175.34

 

By holding the outstanding sum in your savings account for additional 2 days, investors can gain a good interest amount, thereby making BTPT product superior as compared to any brokerage-free trading model available in the market.  Investors also benefit by utilizing their capital efficiently.

 

This facility is absolutely free for all Samco clients and is applicable to a select list of 300 stocks.