Intraday (All Segments)
| If you are placing an Intraday order of 100 Qty of Cipla shares at Rs. 900/- (transaction value 100*900=90,000), the margin requirement will be 20% i.e. Rs. 18,000/-
As per the new rule, you will need to maintain at least Rs. 9,000/- as a Cash component to place this order, while the remaining 9,000/- can be in the form of collateral.
However, if you do not have any cash in your trading account, but you have a Collateral margin of Rs.18,000 or more, 5paisa will allow you to place the order and help you fulfil your Rs. 9,000/- cash requirement for free (at a 0% interest rate).
| If you are placing an Intraday order of 100 Qty of Cipla shares at Rs. 900/- (transaction value - 90,000), the margin requirement will be 20% i.e. Rs. 18,000/-
As per the new rule, you will need to maintain at least Rs. 9,000/- as a Cash component to place this order, while the remaining 9,000/- can be in the form of collateral.
Unless you meet the above requirement, you will not be able to place the order.
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Delivery Order (Cash)
| If you are placing a delivery order of 100 Qty of Cipla shares at Rs. 900/- (Order value- 90,000), then as a MarginPlus customer, your upfront margin requirement will be 20% of the transaction value i.e. Rs. 18,000/-.
As per the new rule, you will need to maintain at least Rs. 9,000/- as a Cash component to place this order, while the remaining 9,000/- can be in the form of collateral.
However, if you do not have any cash in your trading account, but you have a collateral margin of Rs.18,000/- or more, then 5pasia will allow you to place the order and help you fulfil your Rs 9,000/- cash requirement from its own books.
Further, when the entire amount has to be paid in cash on settlement i.e. T+2, 5paisa will fund that amount if you set up a pledge for funding.
So, your margin funding utilization here will be 100*Rs.900= Rs.90,000 as the full amount will need to be paid in cash by 5paisa at settlement. Hence your interest would be 90,000*0.06% = Rs. 54 per day, T+2 onwards. | If you are placing a delivery order of 100 Qty of Cipla shares at Rs. 900/- (Order value - 90,000), Then as a non-MarginPlus customer, you will need to maintain the entire order value of Rs. 90,000/- in Cash and cash equivalent.
Unless you meet the above requirement, you will not be able to place the order.
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Delivery(Overnight) Orders (F&O/Currency segment):
| If you are placing an overnight order for 1 lot (50 Qty) of Nifty futures at Rs. 16,900/-, then the upfront margin required will be Rs. 1,03,000/- (i.e. Span + Exposure margin as specified by exchange).
As per the rule, you will need to maintain at least Rs. 51,500/- in Cash/Cash equivalent to placing this order, while the remaining Rs. 51,500/- can be in the form of collateral.
However, if you do not have any cash in your trading account, but you have a Collateral margin of Rs. 1,03,000/- or more, then 5paisa will allow you to place the order and help you fulfil your Rs. 51,500/- cash requirement from its own books.
In this case, your margin funding utilization is Rs. 51,500/-. In case you fall in the 0.03% slab, then the interest charged will be 51,500*0.03% = Rs 15.45 per day, respectively, T+1 onwards. | If you are placing an overnight order for 1 lot (50 Qty) of Nifty futures at Rs. 16,900/-, then the upfront margin required will be Rs. 1,03,000/- (i.e. Span + Exposure margin as specified by exchange).
As per the rule, you will need to maintain at least Rs. 51,500/- in Cash/Cash equivalent to place this order, while the remaining Rs. 51,500/- can be in the form of collateral.
Unless you meet the above requirement, you will not be able to place the order.
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