CLOSE
Dear Clients,
per SEBI guidelines, effective 1st August 2020, clients have to maintain required margins before taking a position (Buy, Sell or Intraday) in the Cash market, similar to the Derivatives market.
Important points to be followed:
- Initial margin/VAR + ELM (Extreme Loss Margin) will be required upfront on the same trading (T) day.
- MTM (Mark to Market) & other margins can be provided within T+1 day basis.
Following are considered as part of margins in the clients’ account with us:
- Initial margin/VAR + ELM (Extreme Loss Margin) will be required upfront on the same trading (T) day.
- MTM (Mark to Market) & other margins can be provided within T+1 day basis.
Please note that SEBI has prescribed similar Penalty structure in the cash segment in case of margin shortfall as that of Derivatives market.
Kindly ensure sufficient margin is available before placing orders as penalties will be imposed in case of non collection or short collection of margins from 1st August 2020.
For details please contact to your RM/Dealer.
Thanks
Know More