Back

Slight revision in policies of collateral margins to be in effect from 23rd May 2022

Revision in Internal Policy
18 May '2022
9:55 AM

Kindly note that there has been a slight change in collateral policies that will be in effect from 23rd May 2022. As per our new internal policy, we recommend all the collateral clients to maintain a cash margin of at least 20% to meet their Mark to Market (MTM) requirements. However, we noticed that the cash margin in the trading accounts of a few clients is less than 20%, and is at a high risk of going into a debit cash balance (Negative) that could lead to Penalties and Interest charges (18% p.a.).

Therefore, clients are requested to monitor their funds and add the necessary cash balance.

Kindly ignore if this doesn’t apply to you.

 

icon-5-minutes

Open Your Demat Account in Under 5 Minutes

Have any queries? Get support icon-link-next