Limit Orders: These orders are placed by entering a repo rate and an amount in multiples of a certain minimum order size. The non-executed part of the order remains passive in the system.

Market Orders: In this type of orders the rate is not specified. The order, entered in multiples of a certain minimum order size, is fully or partially matched by passive orders and the non-executed part of the order is cancelled.

The above order types can be given to include the specific conditions defined below:

Fill and Kill: It is an active order type subject to execution in part. This order matches with the outstanding counter-orders as soon as it is entered, and its non-executed part is automatically cancelled. It may be given in the form of a “Limit Order” or a “Market Order”.

Fill or Kill: It is an active order type subject to execution in full. It is cancelled as soon as it is entered if it is not fully matched. It may be given in the form of a “Limit Order” or a “Market Order”.

Validity Periods of Orders
Orders are valid for the day on which they are entered. All the unmatched same-day valued orders are cancelled at 14.00 hrs, and the future value-dated orders are cancelled at the market closing hour.