InvestorQ : Can you share the details of Phase 3 of peak margin requirement by AMCs starting 1st June 21?
Rohan Bhadani made post

Can you share the details of Phase 3 of peak margin requirement by AMCs starting 1st June 21?

Answer
image
Ashoka Patkar answered.
3 weeks ago
Follow
In December 2020, the SEBI prescribed a new set of guidelines for Collection and Reporting the highest margin requirements of total trading during the day (called peak margin). The new guidelines were supposed to be rolled out in 4 phases, with a minimal and gradual increase in the upfront margin requirement. The 2nd Phase, which is to end on 31st May 2021, had a requirement of a 50% upfront margin.

So, these are the changes effective from 1st June 2021 (3rd Phase of Peal Margin requirement)
  • In place of the earlier 50%, now 75% of the total margin will be collected upfront before placing any trade across all segments.
  • Fund pay-outs will happen twice a day, once before the equity market opens and secondly after the equity market closes.
  • Therefore, the intraday multipliers effective from 1st June 2021 will be:
Equity
1.33 times
FNO
Currency
NCDEX
MCX

Hence, to avoid any penalty on your account, you should at all times maintain a sufficient balance of about 75% of the total trade balance in your account.

1 Views