When you pledge
securities, the calculation of the withdrawal balance becomes crucial to
understanding your actual available funds. Here’s a detailed explanation to
help you comprehend how the Withdrawable Balance is determined after pledging:
Components Deducted from Ledger Balance:
- Today's Payin:
- Funds added to your account
today cannot be withdrawn on the same day.
- Today's Payout:
- Funds withdrawn today are
subtracted from the available balance.
- Adhoc Margin:
- Any margin amount updated in
Adhoc is deducted.
- Booked Losses:
- Losses that are realised and
booked for the day are subtracted.
- Unbooked Losses:
- Losses that are anticipated but
not yet realised for the day are also deducted.
- Pending Orders:
- Margin blocked for orders that
are still pending execution is deducted.
- Turnover Charges:
- Charges incurred based on the
turnover in any trading segment are deducted.
- Accrued Charges:
- Charges that will be levied at
the time of billing, if any, are deducted.
- Unsettled Credits:
- Funds from same-day equity sales
or derivative credits that have not yet settled. An extra day's credits
are included in case of settlement holidays.
- Margin Utilised:
- Margin utilised for orders
placed or the peak margin requirement for the day, whichever is higher,
is deducted.
Components Added to Ledger Balance:
- Collateral
Benefit:
- The margin blocked for open
positions or carry-forwarded positions is compared with the collateral
value after the haircut (MF+Liquid+Equity). The lower of these two values
is added as a collateral benefit.
Calculation Formula:
Withdrawable Balance=Ledger Balance−(Today’s Payin+Today’s
Payout+Adhoc Margin+Booked Losses+Unbooked Losses+Pending Orders+Turnover
Charges+Accrued Charges+Unsettled Credits+Margin Utilised)+Collateral Benefit
Example Scenario:
- Ledger Balance: ₹100,000
- Today's Payin: ₹10,000
- Today's Payout: ₹5,000
- Adhoc Margin: ₹2,000
- Booked Losses: ₹1,000
- Unbooked Losses: ₹500
- Pending Orders: ₹8,000
- Turnover Charges: ₹200
- Accrued Charges: ₹300
- Unsettled Credits: ₹4,000
- Margin Utilised: ₹7,000
- Collateral Benefit: ₹3,000
Withdrawable Balance = ₹100,000 - (₹10,000 + ₹5,000 +
₹2,000 + ₹1,000 + ₹500 + ₹8,000 + ₹200 + ₹300 + ₹4,000 + ₹7,000) + ₹3,000
Withdrawable Balance = ₹100,000 - ₹38,000 + ₹3,000
Withdrawable Balance=₹65,000