Comment on Policy on settlement of compulsory delivery derivative contracts
commented on
28 May 2019, 08:53 PM
Hi Nitin,
I am having 5200 long position in ZEE future and 5200 short position in 400 CE call of ZEE. So, the net effect is zero. In this, there is no risk. So, what would be the margin in this case. Still, it will be 60%? and 60% of what Long Future or Short Option. If it will be 60% in both case then the margin will be more than delivery value of stock. (60% + 60% = 120%). Please consider this for clients having hedge position because inspite of having balance of 600000/- in ledger account and long ZEE future, today I was not able to sell 400 CE call of ZEE. The message was coming that margin is short.