What does CNC, MIS and NRML mean?

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1. What are the product types available on CubePlus for placing orders?

CubePlus offers three product types for placing orders: Cash and Carry (CNC), Margin Intraday Square Off (MIS), and Normal (NRML).

2. What is Cash and Carry (CNC) on CubePlus?

Cash and Carry (CNC) on CubePlus is designed for delivery-based trading in equity. This product type allows individuals to hold stocks overnight for any desired duration. While using CNC, there is no provision for leverage, and positions won’t be automatically squared off. Short positions cannot be taken, but individuals can sell stocks from their holdings.

3. How does Margin Intraday Square Off (MIS) work on CubePlus?

Margin Intraday Square Off (MIS) on CubePlus provides intraday leverage and is specifically designated for trading in Equity, Equity F&O, Commodity futures, and Currency futures. It’s an ideal choice for traders looking to capitalize on intraday market movements.

4. What is Normal (NRML) used for on CubePlus?

Normal (NRML) on CubePlus is employed for overnight trading of futures and options. Traders can carry their positions until expiry in the derivatives market. However, intraday leverages are not available with NRML. Additionally, NRML is used for delivery-based trading of currency.