What happens if a stock is removed from the approved pledge list?

If the Risk team or clearing corporation removes a stock from the eligible list:

• Your existing pledge remains valid - however, you will not get any margin against it any longer

• You cannot pledge additional quantity of that stock

• You can still sell those pledged shares normally

• Once unpledged or sold, you cannot re-pledge that stock

Note: This typically happens when a stock becomes too volatile or illiquid.