Change in margin policy from 1st April, 2019
Effective 1st April 2019, there will be a change in margin reporting of Equity Derivatives (EqD) and Currency Derivatives (CD) of BSE and NSE at Upstox.
You will need to deposit initial margins upfront on the trading day. Any unsettled values cannot be used to satisfy initial margin requirements. However, these would be considered for your intraday exposure. The unsettled values are as follows-
- realised profits that you make from either intraday trades / carry forward futures trades
- net sell premium
- credit from the selling of stock
In case of a loss, the M-to-M losses can be deposited by you on T+1 day, within the timings specified by Upstox. However, you will have to ensure that any shortfall on the margin requirements needs to be fulfilled by the end of the day.
In case the above condition is not met and margin shortages are experienced, penalties will be levied in accordance with the exchange norms. You can read about the exchange’s penalty structure here.
Squaring-off of your open positions shall continue as per our RMS policy.
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