How to use the NEPSE TMS.

The short answer

The TMS is where you place orders. MeroShare is where your shares live. Load collateral to get a buying limit, place a limit order at a price you choose, pay for what you bought within your broker’s deadline, and complete EDIS in MeroShare when you sell.

Two systems, two jobs

This is the first thing to get straight, because almost every early confusion comes from it.

• MeroShare is your demat account. It holds your shares, applies for IPOs, and handles the EDIS transfer when you sell.
• TMS is your broker’s trading terminal. It places buy and sell orders and handles the money for them.

Different logins, different providers. You will use both, often in the same afternoon.

Collateral: your buying limit

You cannot place a buy order with nothing behind it. Collateral is money you keep with your broker that sets how much you can buy.

It is not a fee. It stays yours and can be refunded. It exists so that orders are backed by something.

Brokers commonly ask for at least 25% of the value you intend to trade — about Rs 25,000 to place Rs 1,00,000 of orders. Your broker sets its own figure, so confirm it rather than assuming.

To load it:

1. Open Fund Management → Collateral Management → Load Collateral.
2. Choose your payment method — cheque, connectIPS, or a wallet such as eSewa, Khalti or IME Pay.
3. Enter the amount and confirm with the OTP.
4. Check the limit has actually appeared against your account before you rely on it.

Placing an order

A limit order is an order with your price attached. Buying NABIL with a limit of Rs 500 means you will not pay Rs 510, whatever the market does.

The cost of that control is that the order might never execute. If the price never reaches your limit, nothing happens, and at the end of the day the order expires.

For most retail investors this is the right default. An order without a price limit hands the market permission to fill you anywhere, which on a thin NEPSE scrip is a genuine risk.

More on order types and matching in how NEPSE trading works.

Paying for a purchase

An executed buy creates an obligation. Go to Payment Settlement → Make Payment and pay the amount due.

NEPSE settles on T+2, so the money has to reach the broker in time for settlement. Brokers set their own cut-offs inside that window. Missing it is not treated as a minor administrative matter.

Selling: the step that is not in the TMS

When you sell, the TMS executes the trade — and then you have to actually deliver the shares. That happens in MeroShare, through EDIS, normally the same day.

Miss it and brokers commonly charge a penalty in the region of 20% of the transaction. Full detail in the EDIS guide, and update your WACC before you sell so the tax is calculated on the right cost.

Common mistake to avoid

Thinking the trade is finished when the TMS says executed. A buy still needs payment. A sell still needs EDIS. The execution message means the order matched, not that you are done.

Pro tip

Work out what a trade will really cost before you place it. Commission is tiered, the SEBON fee and DP charge apply on both sides, and capital gains tax comes off a profitable sale. Punji’s calculators run the same fee engine as the app, so the figure on screen is the figure that lands.

If you want to practise the order mechanics without money at stake, the practice arena uses live prices and charges all four real costs.