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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.
- 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.
- 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.
- 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.
- 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.
- All intraday products – MIS/CO/BO will be automatically squared off within last half an hour session of the closing the market hours.
- Product conversions are available from NRML to MIS/ CNC to MIS /MIS to CNC/NRML & NRML to MTF.