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Products and Margin Exposures

Below are the products available for the trading and the Exposure/margin required for trading in various segments of the exchanges for both delivery / carry forward & Intraday.

Products    Type    Exposure/ Margins    Equity Margin – Equity Futures  Margin – Currency Derivatives Margin – Commodity Futures / options selling Margin – Equity/ Commodities options BUY
MIS (Margin intraday square off) Intraday with auto square off 10 times leverage on the group 1 stocks. 2 times i.e 50% of Exchange margins all for all the future contracts. 2 times Leverage i.e , 50% of Exchange margin 2 times leverage, i.e 50% of Exchange margin 100% of Premium Value
NRML (Normal) Delivery / carry forward 2 times leverage, 50% of Value of Purchase (available only for the stocks var +additional margin less than 40%. 100%of Exchange margins 100 of Exchange margins 100 of Exchange margins 100% of Premium Value
CNC (cash and carry) – Delivery 100% of Value of Purchase NA NA NA NA
CO / BO (Cover order) / Bracket Order Intraday with auto square off 10 times

underlying stocks which have derivatives)

2 times leverage i.e 50% of Exchange margins all for all the future contracts. 2 times leverage  i.e 50% of Exchange margins all for all the future contracts. 2 times leverage i.e 50% of Exchange margin on the current month & Next month Contracts. Strike prices are selected  5% up & down from spot on OTM and 7% up & down from spot on ITM Contracts 2 times  leverage i.e 50% of Exchange margins all for all the future contracts.
MTF Delivery Flat 45% or (VAR + 4 ELM) whichever higher  on Group I stocks available for trading in the F&O segment and VAR + 6 ELM on other approved stocks NA NA NA NA
Multileg orders/ NRML/MIS IOC order (immediate or Cancel) NA Hedge product Hedge Product Hedge Product Hedge Benefit
GTT–Trigger Order – NRML/MIS/CNC/ MTF

 

Good Till trigger Available Available Available Available Available

Any order placed under MIS and CO & BO will automatically be squared off within half an hour before the market closes for respective exchange segments or the Intraday MTM reaches 70% whichever is earlier.

 Terms and Conditions Options/ credit for sale / Intra-day product etc.

  1. Premium received on option selling will not be considered for further trading in any other segments and it is allowed to buy the options in the same segment.
  2. Stock sell credit is allowed for the trading in all the segments, and for the Dp selling 75%, and CUSA account selling 55% will be released.
  3. Carry forward option premium credit will be allowed for the trade in the same options segments. Eg. Equity option premium credit cannot be used for currency/ commodity segment, but can be used for the same segment.
  4. Stocks in the DP can be pledged for the margins, and the value of such stocks after haircut would be limited/restricted and this limit could vary from time to time.
  5. All intraday products – MIS/CO/BO will be automatically squared off within last half an hour session of the closing the market hours.
  6. Product conversions are available from NRML to MIS/ CNC to MIS /MIS to CNC/NRML & NRML to MTF.