What is Peak Margin?

What is Peak Margin?

Peak Margin is the minimum margin that MUST be collected by brokers from their clients in advance of placing any intraday / delivery order in the Cash and derivatives segment. Clearing corporations will randomly take 4 snapshots at predefined time windows for arriving at such peak margin requirements on open positions during the day. Highest of the margin requirement from these 4 snapshots will be the Peak Margin. 
This aims to curb the excessive leverage for intraday and derivatives positions.