Due to the upcoming election results certain leverage restrictions will be applied on your Upstox account from 23rd - 24th May, 2019. Carry Forward (Delivery) margins for F&O will be increased to: - 1.1x for Index Derivatives of applicable exchange margins - 1.3x for Stock Derivatives of applicable exchange margins - MTM Square OFF % will be revised to 70% instead of 80% for ALL non-PP clients. - On all days - BO / CO for OPTIONS (F&O + CDS) will be Disabled/blocked. - "MARKET" Order for Stock-Options will be Disabled. Intraday (MIS) product for OPTIONS (F&O + CDS) will be disabled/blocked. Thus all leveraged products (MIS /CO / BO) will be Blocked.    

Due to the upcoming election results certain leverage restrictions will be applied on your Upstox account from the period of May 17th  – 24th, 2019. From May 17th – May 24th, 2019 Carry Forward (Delivery) margins for F&O will be increased to: - 1.1x for Index Derivatives of applicable exchange margins - 1.3x for Stock Derivatives of applicable exchange margins From May 20th – May 24th, 2019 - MTM square-off percentage will be revised to 70% instead of the current 80% for all clients - Cover Order (CO) and Bracket Order (BO) for Options (F&O and Currency) will be disabled - Order type ‘Market’ will be disabled for stock options under all product types. - Carry Forward (Delivery) Margins for Currency Derivatives  will be increased to 1.2x of applicable exchange margins for all contracts (F&O) Between May 20th – May 22nd, 2019 (Applicable for Cash Segment) Intraday products (MIS/CO/OCO) will be allowed on basket of F&O underlying stocks only. The applicable leverages would be; - MIS (Intraday) - 5X for all Clients CO and BO will be: - 10x for Priority clients - 8x for all other clients On May 23rd and May 24th, 2019 All the leveraged products (Intraday/CO/OCO) will be disabled. Leverages restoration on Friday will be as per market behaviour, at the discretion of the Risk management team. Important Note: You may need to fund your account from time-to-time, so that your balance is always above the desired margin obligation (including the additional margins charged by Upstox as per above %). Failure to do so will result in your position(s) being squared-off as a risk containment measure.  

Effective 26th April, 2019, exposure margin applicable on securities shall now be altered at different levels of Market Wide Position Limit (MWPL). This will enable investors to take a better informed decision on whether to hold or square-off their existing position before regulatory action kicks in. Please find below the table with the applicable exposure margin of securities.   [table id=61 /] For more information, please refer to the following circular from NSE.

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.

SEBI has decided that physical settlement of stock derivatives will now be compulsory and implemented in different phases. As per SEBI’s guidelines, NSE’s circular mentions 46 stocks which will be settled through compulsory physical delivery. If you hold a position in any of these contracts on the expiry date, you will have to give/take delivery of the stocks. Keeping in mind the policy changes issued by SEBI and NSE, here are the changes that will be taking place at Upstox: No physical settlement of derivatives contracts shall be permitted. All open positions in the above contracts will be squared-off ONE day prior to the expiry at 2:30 p.m. by the Upstox RMS team. The position will be squared-off as per the market price at the time and no fresh positions will be allowed. Fresh positions will not be permitted in these contracts on the expiry day. After implementing the above mechanism, if the positions are not squared off for any reason (e.g: non-liquidity), then the contract would have to be settled physically and the client would be liable to pay the entire amount of the settlement. Feel free to refer to the following circulars in case of any queries: SEBI Circular NSE Circular NSE FAQ

To trade in derivatives the exchanges ask for margin, i.e., SPAN + Exposure, to carry forward positions overnight. Until now a short margin penalty of up to To trade in derivatives the exchanges ask for margin, i.e., SPAN + Exposure, to carry forward positions overnight. Until now a short margin penalty of up to.. Read more

To trade in derivatives the exchanges ask for margin, i.e., SPAN + Exposure, to carry forward positions overnight. Until now a short margin penalty of up to