Comment on Intro to "Q" - next generation backoffice system

Venu Madhav commented on 13 Aug 2014, 05:18 PM

Hi Sandip,

1. Just checked your ledger, it shows a credit entry of Rs.168.. This has been arrived as follows:

Buy Alumin @ 124.35, Sold @ 124.55 which gives you a credit of Rs.200/- Minus: Brokerage: 12.46, CTT: 12.00, Stamp charges: 1.25, Transaction charges: 3.86, Service Tax: 2.02 = 168 which is posted on your ledger.

2. What we consider when we are MTM’ing any open position is the settlement price of the contract on any given day as per the Bhavcopy from NSE. The Bhavcopy contains the price as 189 which is what is shown on the P&L. The reason you so much difference (111 & 189) is because it is an illiquid option.

bhavcopy

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