It has come to our notice that many of our collateral clients are using the pledged margins to trade in Equity Intraday, Delivery, CDS and Commodities. However, with the introduction of Collateral margin penalties, all the above trades will be subject to penalties w.e.f 16th December 2021. Pledged margins are to be used only for taking positions in Index and Equity F&O. For more details on collateral margin penalties, kindly refer to this circular.