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