• 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

MUMBAI, 4th JUNE, 2020, (GPN):  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.

USP of BTPT

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